September 2, 2026 | AMZN, Daily JAM, GOOG, Mid Term |
The blended earnings growth rate for the other 493 S&P 500 companies for the second quarter of 2026 was 31.8%, which is the highest earnings growth rate reported by this group of companies since fourth quarter of 2021 (32.4%). Why only 493 companies? Ah, the Magnificent 7 stocks. A special case as in other recent quarters. The “Magnificent 7” companies reported actual earnings growth of 118.5% for the second quarter, which is the highest earnings growth rate reported by these seven companies going back to at least the fourth quarter of 2020 (when Tesla joined the S&P 500). The top five contributors to earnings growth for the S&P 500 for the second quarter of 2026 were (in order) Alphabet, Amazon.com, Micron Technology, NVIDIA, and Chevron. Three of the top five contributors are “Magnificent 7” companies. But this is where that asterisk coomes in.
August 16, 2026 | AMZN, Daily JAM, GOOG, INTC, Morning Briefing, NVDA, Short Term |
Tech giants like Amazon (AMZN) and Alphabet (GOOG) have powered the stock market to record highs. But in recent months, a big driver of those two companies’ profits came from an unusual source: The increasing value of their investment stakes in artificial intelligence companies, according to a really important piece (in my opinion) by Joe Rennison in the New York Times on August 14. “Over 70% of Alphabet’s net quarterly income came from investments in other companies, and in particular, in Elon Musk’s SpaceX, according to a recent regulatory filing and analysis from Satori Insights, a financial markets research firm. SpaceX went public in June in the biggest initial public offering ever. Investment gains also accounted for roughly 65% of Amazon’s net income, largely stemming from its stake in Anthropic, a leading A.I. start-up that is also planning to go public. Those gains underscore a growing vulnerability in the broader stock market: The companies that keep pushing the market higher are increasingly dependent on each other’s success.” “It’s circular,” Matt King, founder of Satori Insights, told the Times. “What’s funding A.I. is now increasingly more A.I.”
July 1, 2026 | Daily JAM, Morning Briefing |
Retail investors’ activity in the technology stocks known as the “Magnificent Seven” hit a four-year low in recent days after having been muted for months, according to Citigroup equity strategists. Retail traders were responsible for just 6% of total trading over the past five days through Friday, June 26, in the group that includes Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla., a team led by Stuart Kaiser wrote in a Sunday note. Volumes in these stocks over five-day periods frequently topped 20% of total trading in 2023 and 2024, and held mostly above 15% in 2025. The trend suggests conviction appears to be waning in a group that’s been a market favorite for years. Volume started to decline late last year and the drop persisted into 2026, Kaiser told Bloomberg in a Monday interview.
April 26, 2026 | AAPL, AMZN, Daily JAM, GOOG, Jubak Picks, MSFT, Top 50 Stocks |
This week brings a huge earnings test for AAPL, AMZN, GOOG, META and MSFT. I’m going to sell Microsoft out of my 12-18 month Jubak Picks Portfolio on Monday, April 27, ahead of the earnings report. That position is up 319% since I initiated it on June 14., 2018. I am keeping Microsoft in my long-term 50 Stocks Portfolio. That position is up 40% since I initiated it on January 18, 2022.
February 25, 2026 | Daily JAM, GOOG, Jubak Picks, Long Term, Top 50 Stocks |
China’s AI disruptor DeepSeek is preparing to introduce a new model. Reuters had initially reported that DeepSeek would launch its next‑generation model “V4,” focused on coding, in mid‑February 2026. Rumors now peg the expected release window as “Q1–Q2 2026.” The mid‑February window has passed but context‑window changes and internal benchmark leaks signal that V4 is close. And it will be a BIG DEAL for AI competitors AND ai chipmakers such as Nvidia (NVDA). A big enough deal that the V4 release will move the entire tech sector and quite probably the stock market as a whole.
February 10, 2026 | Daily JAM, TSM |
Taiwan Semiconductor Manufacturing (TSM) reported that January sales grew at their fastest clip in months. The contract chipmaker for Nvidia, Apple, and virtually every AI company reported a 37% rise in January revenue to $12.7 billion, above the 30% revenue growth the company projects for the full year. Those results confirm the company’s decision to budget as much as $56 billion in capital spending this year, which would be up 25% from 2025. The ADRs rose 1.83% today, Tuesday, February 10, to close at $361.91. For investors, the question is what next. The Wall Street consensus target is $392–410, implying a low‑ to mid‑teens upside from the current price. Is that enough reason to hold onto the shares? Is there a reason to buy even more?
February 9, 2026 | AMZN, Daily JAM, GOOG, Jubak Picks, Morning Briefing, Top 50 Stocks |
Alphabet/Google (G00G) borrowed another $20 billion in its biggest ever U.S. dollar bond sale on Monday. And that’s just the beginning. The company is also planning debut deals in Switzerland and the UK. Including the sale of 100-year bonds.
Drum role, please: That would be the the first time a tech company has tried a 100-year offering since the Dotcom boom of the late 1990s. (Remember how that ended?) The big borrowing spree comes just days after tech companies from Meta Platforms (META) to Amazon.com (AMZN) said they were ramping up capital spending to build out infrastructure for AI. Those capital spending plans sent AI sector stocks into a steep decline on fears that AI companies would not be able to generate the cash flow needed to fund these capital spending plans. But that was sooo last week.
February 2, 2026 | Daily JAM |
A Next Big Thing doesn’t need to start with a blank slate. Yes, it can be a whole new industry or sector–as is true with quantum computing or nuclear fusion. But it doesn’t have to be. Artificial intelligence, for example may look like it came out of nowhere but here were precursor companies and technologies such as neural network computation. And sometimes an existing sector can get a big jolt that serves to accelerate grow to such a degree that it makes it see like the sector came out of nowhere. And where the acceleration to growth is big enough so that it reorders the ranks of the companies that had been dominating the sector. Right now I think that’s a good description of what’s about to happen in the cyber security sector. Thanks to AI and the coming emergence of quantum computing we’re about to see a huge surge in growth for the companies in the sector.
January 25, 2026 | AAPL, Daily JAM, GLD, GOOG, Jubak Picks, Long Term, Mid Term, MSFT, NVDA, PAAS, SCCO, Top 50 Stocks, WPM |
A week of Big Tech earnings reports will confirm or reverse what sure looks like a sector rotation away from tech shares and into metal and mining company stocks.
January 23, 2026 | AVGO, Daily JAM, GOOG, Morning Briefing, NVDA, Top 50 Stocks, TSM |
Taiwan Semiconductor Manufacturing (TSM) has told Nvidia (NVDA) and Broadcom (AVGO) that its advanced capacity is effectively fully booked through 2026 and that it cannot meet all of their requested AI chip volumes.
January 20, 2026 | AAPL, AMD, Daily JAM, GOOG, Jubak Picks, MSFT, Short Term, Top 50 Stocks |
Prices for memory chips are forecast to soar in 2026. but what just as bad/even worse it looks like chip customers are looking at serious supply shortages during the year.
Higher prices and supply shortages could be enough to put earnings at risk at some high multiple cloud and AI companies.
January 12, 2026 | Daily JAM, Long Term, Special Reports |
A suggested quantum computing portfolio. If you want a piece of this Next Big Thing, but with less risk and less upside than a pure-play quantum stock, I’d suggest Alphabet/Google (GOOG). Among pure plays I’d include D‑Wave Quantum (QBTS), up about 235% year‑to‑date as of late 2025; Rigetti Computing (RGTI), up34% YTD by late December; and IonQ (IONQ), up around 25% year-to-date by late December.
