May 23, 2022 | Daily JAM |
Looking for the bottom on this plunge or bear market (true bear in the NASDAQ and near bear market in the Standard & Poor’s 500)? Despite the pain we’re all feeling in our portfolios, I think we’ve got a way to go. I base that conclusion on both the major economic trends still ahead of us and recent stock market action.
May 23, 2022 | Daily JAM, Jubak Picks, NVDA, Top 50 Stocks |
The most important indicator of market direction and sentiment this week will be Nvidia’s (NVDA) earnings report for the quarter that ended in April on Wednesday, May 25\ Wall Street analysts and expect earnings of $1.09 a share. Last year Nvidia reported 78 cents for the quarter so hitting the analyst target this year would represented year over year earnings growth of 39.7% That kind of earnings growth is what investors expect from a stock trading at 43.76 times trailing 12-month earnings per share. In a normal market I’d expect traders to bid up Nvidia shares and Call options ahead of earnings
March 30, 2022 | Daily JAM, Mid Term |
Very timely research out of Bank of America yesterday warning that Bear Trap Rallies of 10% or more are very common during the run of a Bear market.And don’t mean that the Bear Market is over or nearing the end of its run. Yesterday’s 1.2% gain in the Standard & Poor’s 500 was the index’s ninth gain in 11 trading sessions. Today, March 30, however, the market was again in decline with the S&P 500 closing down 0.63%
May 8, 2020 | Daily JAM, Morning Briefing |
Today the Labor Department reported that the economy lost 20.5 million jobs in April. And yet stocks strongly rallied. The Standard & Poor's 500 closed up 1.69% today, May 8. The Dow Jones Industrial Average was higher by 1.91%. The NASDAQ Composite gained 1.58%....
May 4, 2020 | Daily JAM, SHAK |
Shake Shack (SHAK) reported earning of 2 cents a share today after the market close. Wall Street had expected a penny a share loss. Earnings were down from 13 cents a share in the year ago quarter. Same store sales dropped 12.8% years over year and revenue for the...
April 26, 2020 | Daily JAM, Dip-O-Meter |
Still waiting for a second bottom before going hog wild on buy-on-the-dip buying. Some interesting prices here, certainly, for Middleby (MIDD), HBFC (HDB), Westpac Bank (WBK), and Infineon (IFNNY0, but I'm still convinced that we'll see another dip in...
April 14, 2020 | Daily JAM, Morning Briefing |
In the short run rationality is not an especially adaptive trait for an investor. Remember that. Take today's market for example. JPMorgan Chase (JPM) and Wells Fargo (WFC) delivered very sobering news on how the coronavirus and the coronavirus shutdown of big hunks...
April 8, 2020 | Daily JAM, Dip-O-Meter, Special Reports |
Part 1: The ups and downs of the Bear In digging into the historical record of Bear Markets--again--I've come to the conclusion that what you can say about a bear market with any hope of a degree of accuracy very much depends on your time scale. In the longest time...
April 6, 2020 | Daily JAM |
From my friend Jim Stack, one of the best money managers and number crunchers that I know, an explanation of why your losses might feel even worse than the market numbers indicate: "The wave of selling that began in February culminated in a loss of -34% in the S&P...
April 6, 2020 | Daily JAM, Morning Briefing |
A rally in European stocks that took the  STOXX 600 index up 3% in morning trading has extended to New York. At noon New York Time today, the Standard & Poor's 500 was up 5.65% and the Dow Jones Industrial Average was ahead 5.66%. The NASDAQ Composite had gained...
April 2, 2020 | Daily JAM, DIS, Stock Alerts |
Gugenheim analyst Michael Morris issued a deeply pessimistic call on Walt Disney (DIS) shares on Thursday, April 2. He's still more positive on the stock than I am in the next six months or so. Â While I continue to hold Disney shares in my long-term 50 Stocks...
April 2, 2020 | Daily JAM, EMR, Stock Alerts, Volatility |
I'm using today's bounce to sell Emerson Electric (EMR) out of my Jubak Picks Portfolio today. The shares are up 3.54% today. I think Emerson Electric is a stock that I'd like to own for the long-term if the short-term didn't look so negative for the economy as a...
