August 3, 2021 | Daily JAM |
Last Wednesday, July 28, Chinese financial regulators told big investors–banks and investment groups heavily exposed to China’s stock market–not to worry. China’s financial markets were sound and despite the fears engendered by the government’s crackdown on the country’s private, for-profit, education companies, the government was not looking to reverse decades of growth by companies in China’s private sector. The meeting worked. Stocks of companies like Meituan (MPNGF), China’s dominant food delivery company (with ambitions to become a full-range e-shopping competitor) rose to $30.07 on the day from $26.00 the day before. But the reassurance worked for only a few days. Today, August 3, for example, Meituan was back in the red, falling 4.48% to $26.95 to erase almost all of its “re-assurance” bounce. Today, I’m selling Meitun and Naspers (NPSNY), a South African company with a huge position in China’s Tencent Holding (TCEHY) out of my Volatility and Jubak Picks Portfolios, respectively.
July 28, 2021 | BABA, Daily JAM, MPNGF, TCEHY, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My thirty-sixth YouTube video “Is China un-investable?”-went up today.
July 2, 2021 | Daily JAM, TCEHY, Top 50 Stocks |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. And, with this week, I’m adding a second shorter video (market events permitting) that will focus on a single stock or two. The thirty-first YouTube video “QuickPick: Buy Tencent after the fine” went up today.
July 2, 2021 | Daily JAM |
Just so nobody thinks China’s government is finished with its crackdown on the country’s big Internet technology companies… Two days after DiDi Global (DIDI), China’s dominant Internet ride-hailing platform, went public on Wall Street, China’s Internet regulator suspended new user registrations on the platform while the government conducted a “cybersecurity review” of the company.
December 24, 2020 | Daily JAM, Morning Briefing |
Congress dispersed for Christmas. President Donald Trump headed to Florida. And there’s still no telling whether President Trump will, as he’s suggested via Twitter, whether he will veto the huge coronavirus relief/government spending bill.
July 16, 2020 | Daily JAM, JD, MPNGF, Volatility, You Might Have Missed |
The Chinese economy returned to growth in the second quarter with gross domestic product climbing 3.2% in the quarter from the June quarter of 2019. That was a recovery from the 6.8% drop in GDP in the first quarter and the results beat projections for 2.4% growth....
July 14, 2020 | Daily JAM, JD, Volatility |
Of course, China's government isn't exactly giving away money. But Beijing has embarked on one of its periodic efforts to talk stocks in Shanghai and Shenzhen and Hong Kong higher and then higher some more. On Monday July 6 the CSI 300 Index, which tracks the 300...
July 6, 2020 | Daily JAM, Morning Briefing |
Chinese stocks are burning up the track--and that has led the way to a shift toward "risk on" assets across global markts. Today alone the Shanghai Composite Index was up 5.71% as of noon New York Time. This continued as streak that has seen the CSI 300 Index gain 14%...
May 26, 2020 | Daily JAM, MPNGF, Stock Alerts |
As of 1 p.m. New York time today Meituan Dianping (MPNGF) shares were up 17.52% after the company reported better than forecast sales of 16.8 billion yuan ($2.4 billion) for the quarter that ended on Mach 31. The company reported a lower than projected loss of 1.58...
May 12, 2020 | Daily JAM |
Think of it as a first step toward a policy move and not as an actual plan for action. In its quarterly monetary policy report released Sunday, the People’s Bank of China said it will resort to “more powerful” policies to counter unprecedented economic challenges from...
April 19, 2020 | Daily JAM, Dip-O-Meter, MPNGF, Volatility |
I'm buying Meituan Dianping (MPNGF) on prospects for a China rally and on a gradual return of consumer confidence in China. The company, backed by Tencent Holdings (TCEHY), said that its food delivery business began to recover in March, when shuttered restaurants...
April 17, 2020 | Daily JAM, Dip-O-Meter, Short Term, WST |
In my recent post "What do you do when the market is insane and you're not?" I argued that one of the dangers in a very volatile market with strong--and temporarily profitable--short-term trends is that we'll give in to the pressure to do something--and do something...
