Stocks lose much of early enthusiasm but still finish in the green
Stocks moved up modestly this morning (modest considering the damage down in the last few days) with the Standard & Poor's 500 up 0.99% at 1 p.m. New York time, the Dow Jones Industrial Average ahead 0.94%, and the NASDAQ Composite gaining 1.16%. The move seems to...Notes You Need for May 12: Facebook, India coronavirus rescue, Brazil’s rightwing politics, Boeing sees major U.S. airline folding in fall, Intel funds AI and chip design startups, savings interest rates tumble, Wuhan to test 11 million, Intel robotaxi acquisition
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...Dow Industrials sink into bear market territory at close; S&P 500 touches bear before closing down 19%; more debt worries
Today the Dow Jones Industrial Average closed in bear market territory, down 20% from its February high. The Standard & Poor's 500 touched bear territory during the day before closing down 19% from its February high. (A bear market is usually defined as a 20% or...Notes You Need for July 12: SQM, ALV, debt ceiling, rig count, FB settlement, Boeing 737 MAX
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...Bank of America earnings: Another big bank flags falling net interest income
This morning Bank of America (BAC) reported first quarter earnings of 70 cents a share, 4 cents a share above Wall Street projections. Earnings per share were up 13% from the first quarter of 2018 but flat with the fourth quarter of 2018. Revenue fell 0.4% year over...After the market close, Boeing CEO announces that company will cut production by ten 737 planes a month.
By mid-April Boeing (BA) will cut production of its 737 plans to 42 a month from the current 52-a month pace. Before the crash of a 737 Max operated by Lion Air and one operated by Ethiopia Airlines, Boeing had planned to increase production of the 737 by 10% by...Wall Street turns optimistic, relatively, on Boeing
Boeing (BA) shares were down another 1.04% today to close at $373.21. I think the important word to add here is "only." In the options market, the April 18 Put with a strike at $290 that I own in my Volatility Portfolio and that had climbed better than 230% on...Holding onto my April 18 Boeing puts a little longer
I bought Boeing (BA) puts (the April 18, 2019 put with a $290 strike to be precise) back in December as a way to hedge against a big escalation in the U.S.-China trade war and a plunge in the export-heavy Dow Jones Industrial Average. (The Dow is a price-weighted...Adding Boeing Puts to my Volatility Portfolio today
On Friday in my completed revised Special Report How to Protect Your Portfolio Without Selling Your Portfolio I made Put Options on Boeing (BA) my first Protection Pick. What I wrote then was "Even after being punished in the down turn to date, shares of Boeing are...Completely and newly revised for the bear: Special Report How to Protect Your Portfolio Without Selling Your Portfolio
This Special Report was revised--extensively- on December 21. When I posted the first version of this Special Report back in November, the bear market was just a possibility--although a highly likely possibility--and my best projection on how the market would develop...Notes You Need for May 9: Qualcomm quits, Iran fallout, WMT and FlipKart, whole sale inflation, Treasury auction, California roof top solar
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A representative item will look like the from today: “10:20 a.m.: Bloomberg has reported that Qualcomm (QCOM) is considering exiting the market for server chips. Qualcomm started production shipments of its ARM-based 48-core Centriq 2400 server processors only last November. A Qualcomm retreat would be good news for Intel (INTC) and its 50% margins on its server chips with their $5 billion a quarter revenue rate.”