October 31, 2022 | Daily JAM, Videos |
Today I posted my one-hundred-ninety-eighth YouTube video: Trend of the Week Buybacks Fuel This Rally. This week’s Trend of the Week: Buybacks Fuel This Rally. We’re just coming out of an informal “blackout” season where about 90% of companies don’t announce any buybacks as they get closer to earning season. For most companies, that blackout ends in November. This year, stock buybacks are running at a record rate. In the first 10 months of the year, there were about $1 trillion worth of buybacks, up about 8% year-to-year. We’re going into November with buyback wind in our sales at a time when companies are sitting on a lot of cash. Plus this is the time to do a buyback if a company wants to get ahead of the 1% tax hike on buybacks starting in January. As long as we don’t run into a big extraneous event, (like a flare-up in US-China tensions), I think buybacks will keep the rally going until the end of the year.
January 4, 2022 | AAPL, Daily JAM, Jubak Picks, Volatility |
When I bought shares of Apple (AAPL) in my Jubak Picks and Volatility Portfolios, I was looking for gains from the end of the year rally (which kind of fizzed out) and the traditional Santa Claus rally (which came through as expected) to drive shares higher in the short term. Since that November 23, 2021 pick, shares of Apple, as of the close today January 4, were up 12% to $179.70, just above my $179 target price for this short-term trade.
November 22, 2021 | AAPL, Daily JAM, Jubak Picks, Volatility |
It was sure hard to see a market melt up today, November 22. The Standard & Poor’s 500 was down 0.32% and the NASDAQ Composite fell 1.26%. Market leaders in the melt up rally like Applied Materials (AMAT) and Microsoft (MSFT) were down 1.65% and 0.96%, respectively. And it was even harder to see the trend I thought might be on its way in my Friday, November 19 post “Forward into the past with tech stocks:We’re seen this market before.” The rotation into tech stocks that I saw on Friday turned into loses of 3.12% for Nvidia (NVDA), and 1.92% for Alphabet (GOOG.)
But I suggest that you take a look at Apple’s (AAPL) performance today
December 7, 2017 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
The Standard & Poor’s 500 finished up 0.29% today. The tech- and bank-heavy NASDAQ Composite was up 0.54%. The Small Cap Russell 2000 was ahead 0.79%. Always good to finish to the upside, of course, when you’re looking for the end of a dip (and assurance that it was just a dip.)
But the better news for the market as a whole came from individual stocks.
December 18, 2014 | Daily JAM, Morning Briefing, Short Term |
Equity markets around the world have taken heart from the schedule that Fed chair Janet Yellen laid out yesterday—no interest rate increase until April and then a very slow pace for further increases
December 11, 2014 | Daily JAM, Short Term |
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November 8, 2012 | Videos |
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October 27, 2011 | Stock Alerts |
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October 22, 2011 | Uncategorized |
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