Commodity stocks soar on Monday–everything else? Meh
Monday was a great day to be invested in stocks. As long as you were invested in commodity stocks.
Please watch my new YouTube video: Why PayPal is a buy and Facebook isn’t
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My ninety-sixth YouTube video “Why PayPal is a buy and Facebook isn’t” went up today.
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
I’m looking for a mixed bag of BIG TECH earnings from Alphabet (GOOG), Meta Platforms (FB), and Amazon (AMZN). Unless Meta Platforms and Amazon can deliver big earnings surprises, I don’t think these reports will lift the market appreciably. And the week will end with the January jobs report.
I often recommend using Call Options to profit from earnings season volatility–not this time
This earnings season looks so tricky that I’m going to sit it out rather than attempt to leverage moves in the shares of reporting companies by purchasing either Call (a bet that the stock will go up) or Put (a bet that the stock will go down) options.
Making Synaptics my No. 6 Pick for my Special Report: It’s a Market Melt Up!!!
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Forward into the past with tech stocks: We’ve seen this market before
On November 15 in my post on what’s priced in and what’s not, I noted that an upsurge in Covid infections this winter wasn’t priced in. And that evidence of a new wave from Europe where infection rates have headed higher in what might be a preview for the winter in the United States could send stock prices lower. Well, yes indeedy. That exactly what happened today after the Austrian government announced a full lockdown starting on Monday, in response to surging cases of COVID-19. The lockdown will include both those vaccinated and unvaccinated, it will last for 10 days minimum, but could be extended for 10 days further. The fear is that Germany, which is battling its own higher rates of infection, is next.
Stocks get more extended–and riskier–in some not so obvious ways
In my YouTube video posted today I dismissed (pretty much) my worry that this rally was getting narrower and therefore closer to a nasty end. Nvidia (NVDA), up 8.85% at the close ) I noted had dragged a few chip stocks with it after the company reported a significant earnings beat and increase in guidance yesterday. For the day Qualcomm (QCOM) was up 1.63% and Advanced Micro Devices (AMD) ahead 1.86%. But stocks as a whole didn’t join in and some recent bellwether stocks actually retreated with Coca-Cola (KO) off 0.96%, Chipotle Mexican Grill (CMG) down 1.87%, and Disney (DIS) lower by 1.11%. Not good. What you’d like to see as more stocks join in–the rally gets broader–as prices go up if you’re looking for evidence that a rally might continue for a while. But, I noted in my video, not all is lost. Big tech stocks, which have largely been left on the sidelines in the rally, were up strongly today wit Amazon (AMZN) gaining 3.78% and Apple (AAPL) higher by 3.05%. If this group starts to participate the rally would be likely to have another leg. However, that’s not my only worry about this rally. I’m seeing evidence that the gains being racked up by stocks such as Nvidia, Qualcomm, and Apple are based on increasing vague speculation about trends that are way, way off in the future.
Special Report: Buy on the Dip Strategy #4 (of 4) and three more picks (Nos. 12, 13, and 14)
When I started Special Report for how to Buy on the Dip, What to Buy on the Dip and When to Buy on the Dip I was only looking to have three strategies (and 10 picks). The more I look at the current market, the more complex it seems with more moving parts that could generate an Oh, No! moment for this stock or that stock.Which is why, in my last update to this Special Report, I added a fourth strategy, one I’m calling “The China bomb” and four more picks to my Buy on the Dip Special Report. Today, I’m going to complete this Special Report with this post on the strategy that was, initially, going to be Strategy #3 (when there were just three strategies in the report.) Because I inserted “The China Bomb” strategy as a new Strategy #3, the original Strategy #3, Buy on the Regret, got bumped to today’s Strategy #4.
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
It’s BIG TECH earnings week with earnings from Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Facebook (FB) and Amazon (AMZN). Facebook kicks off earnings from this big tech group on Monday, October 25, after the close. Alphabet and Microsoft follow on Tuesday, October 26, after the close of trading with Amazon and Apple on Thursday October er 27 after the close. The stakes are high for these companies and their stocks and for the entire stock market.These five stocks account for almost 23% of the capitalization of the entire Standard & Poor’s 500. And the technology sector makes up 33% of the indexTo an extraordinary degree as goes the technology sector, so goes the market as a whole right now. And as these five stocks go, so does technology.
More Evergrande woes in China but biggest selling is in U.S. tech stocks
The Hong Kong Stock Exchange suspended trading in shares of China Evergrande after the Chinese devel... To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing...
Saturday Night Quarterback says, For the week ahead expect…
I hope it’s no surprise to you–I’ve been yammering away on this topic for the last two weeks after all–but next week is a big week for earnings from bellwether tech companies. The market reaction to those earnings will determine whether the current earnings based rally goes on for a while or if, instead, we get a sell on the news retreat. Tuesday, April 27, is the first big day with Apple (AAPL), Advanced Micro Devices (AMD), Alphabet (GOOG) and Microsoft (MSFT) all reporting.
Market looks to be setting up for next week’s tech earnings parade
The Standard & Poor’s 500 closed up 0.20% today, July 22. The Dow Jones Industrial Average squeezed out a 0.07% gain. But if you were looking for bigger upside moves, turn your eyes to the technology sector.
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