November 6, 2020 | Daily JAM, Morning Briefing |
The U.S. economy added 638,000 jobs in October, a slight drop from September, when the economy added 672,000 jobs.
The job gains were enough to push the official unemployment rate down to 6.9% from 7.9% in September.
The U-6 unemployment rate, which unlike the official rate includes discouraged workers who have stopped looking for work and workers in part-time jobs who would like full-time work fell to 12.1% from September’s 12.8%.
And this month’s drop in the unemployment rate wasn’t driven by workers leaving the workforce.The labor participation rate rose 0.3 percentage points to 61.7%, still a low rate on historical standards.
So why didn’t the market move up and strongly on the news?
November 5, 2020 | Daily JAM |
Before I take a dive into the innards of the earnings reports from Hanes Brands (HBI) today and SolarEdge Technologies (SEDG) earlier this week--in separate LATER posts--I just wanted to flag how unforgiving the current market is (to some companies) when a company...
November 5, 2020 | Daily JAM |
The economy is projected to have added 600,000 jobs in October, according to economists surveyed by Bloomberg. That would be a drop from the 661,000 jobs added in September. Which was a drop from... Well, you get the picture. The economy is improving but the rate of...
November 5, 2020 | Daily JAM, Morning Briefing |
Today, November 5, the Federal Reserve's Open Market Committee decided to keep the target for the federal funds interest rate in the 0% to 0.25% range where it's been since March. And to continue bond purchases at the current rate of $120 billion a month. In other...
November 4, 2020 | Daily JAM, Morning Briefing |
As of 2 p.m. New York time today the Standard & Poor's 500 was up 2.99%. The Dow Jones Industrial Average was ahead 2.38%. The NASDAQ Composite had jumped a huge 4.16% and the NASDAQ 100 was up an even stronger 4.69%. The iShares MSCI Emerging Markets ETF (EEM)...
November 3, 2020 | CVS, Daily JAM, Dividend Income |
On October 27 I made CVS Health (CVS) one of my "10 Stocks for a post coronavirus world" and declared that it was the only one of the first group of five stocks that I'd buy now--even though the market looked potentially volatile. I cited the stock's 3.57% dividend as...
November 3, 2020 | Daily JAM |
As of today, November 3 at 12:30 p.m., I don't know who will win the Presidential election. I don't know if the rally in the stock market today, with the Standard & Poor's 500 up 2.02% at 12:30 p.m. New York time, is a vote for some specific outcome, or (more...
October 13, 2020 | Daily JAM, Dividend Income, SCCO |
In my just completed Special Report: "Your Investment Guide for the Next 6 Dangerous Stock Market Months" I wrote that I'd look to add some coronavirus recovery stocks to my portfolio during weakness in the November time period--looking looking toward better economic...
August 28, 2020 | Daily JAM, Dividend Income, PFE, Stock Alerts |
You remember how in Part 3A of my Special Report: Meeting Your Retirement Challenge, I suggested that when temporary factors created an opportunity to buy the shares of a solid, predictable, cash flow generating company, with a yield of 4% you should jump at the...
August 17, 2020 | Daily JAM, Dividend Income, GOLD, Jubak Picks, Stock Alerts, Top 50 Stocks |
Shares of Barrick Gold (GOLD) are up 11.10% today to $29.99 as of 1:30 p.m. New York time on Monday, August 17. The continued climb in Barrick Gold shares comes on the strength of an ongoing rally in gold prices and news that broke on Friday that Warren Buffett's...
August 15, 2020 | Daily JAM, Dividend Income, GOLD, Jubak Picks, Top 50 Stocks |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever.Granted it's...
August 10, 2020 | Daily JAM |
For yet another day shares of companies dependent on the re-opening of the U.S. economy and continued good news on job and spending gains during a time of coronavirus outperformed shares of tech companies. For example, while, as of 3:30 p.m. New York time today,...
