Saturday Night Quarterback 2 says, For the week ahead expect…
...earnings, earnings, earnings for the big tech stocks that are so often the market leaders. (Saturday Night Quarterback 1 yesterday focused on the other big story this week, China tariffs.) Facebook (FB) Alphabet (GOG), Amazon (AMZN), Twitter (TWTR), and Intel...
Raising target price on Microsoft in Jubak Picks Portfolio after earnings
Going into yesterday's earnings report from Microsoft, I felt torn. On the one hand, the stock had hit an all time record high on the strong guidance for the June quarter back in April. How much higher could the stock go? Would guidance for the September quarter prove...
Trade war? What trade war? We’re back to the earnings rally today
U.S. stocks closed up on the fifth day out of the last six on a belief that Chinese rhetoric signaled a withdrawal from an immediate confrontation with the United States over trade. The shift wasn't huge. Chinese officials continued to stress that the government will...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
...one more week of this technology driven, upward trend in the U.S. market as we head into the first tech earnings report with Netflix (NFLX) on Monday, July 16. Wall Street analysts are expecting huge earnings growth from the tech stocks that led the market upward...
Trick or trend: Market gains on a trade-war Friday–test ahead!
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. On past...
Second quarter GDP forecasts start to come back to earth
Not so long ago major economic forecasts such as the GDPNow forecast from the Atlanta Federal Reserve Bank were calling for second quarter U.S. GDP to grow at an annual rate of better than 4%. That was extraordinarily strong growth and it fit in with forecasts from...
My baseline U.S. stock market scenario for the next 30 days
So much negative uncertainty from big possible events. Such strong short term earnings fundamentals. How will these all balance out? Before I get to my take on the answer to that question let's take a brief stop to look at what a baseline scenario is and why putting...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
...another week in the battle between fear of the macroeconomic dangers of President Trump's tariff war and optimism over the approaching earnings season. Normally, I'd say the odds in this contest would favor earnings optimism. But thanks to the calendar--and the...
Adding Microsoft to my Jubak Picks portfolio–hoping for a July “miss” like that in April
As I wrote in Part 3 of my Special Report "Investing in a Late Cycle Market," I'm adding Microsoft to my Jubak Picks portfolio. The April third quarter earnings "miss" sets Microsoft up for a huge fourth quarter when the company reports on July 19. Plus whenever this...
GOOG gets hit by market profit margin fears even after good earnings
Some times in the financial markets, the numbers aren’t as important as the narrative. I think that was the case with Alphabet (GOOG) today, Tuesday, April 24. Monday after the market close Alphabet reported first quarter earnings of $9.93. That was a healthy 64 cents a share above the Wall Street consensus estimate for the quarter. Revenue climbed 25.9% two $31.15 billion. That was $870 million above Wall Street projections. Paid clicks on Google properties rose 59% year over year. But Tuesday the stock sank by 4.45%, dropping $47.47 a share to $1019.98 Why the drop on such good earnings numbers?
Saturday Night Quarterback says, For the week ahead expect…
This week I expect the rotation from worry to relief over the Trump administration’s tariff policy and a potential trade war with China to stay in control of the narrative. Next week we’re likely to shift to earnings stories as companies begin to report really good first quarter earnings. After a couple of weeks of that we’ll either slide back to the trade narrative or start to get ready for the Federal Reserve narrative surrounding a June invest rate hike.
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