Slide in the afternoon doesn’t augur well for tomorrow
The NASDAQ Composite was down an already punishing 2.75% at noon in New York. But the damage wasn't done for the day. The tech-heavy index closed the day down 4.11% And the big techs, the stocks that had driven the rally up and are now pacing the move down, sold off...
NASDAQ 100 moves into correction
Traders who bought on the dip at the end of last week were a bit early, the market is saying today. As of noon New York time, the Standard & Poor's 500 was down 1.91%; the Dow Jones Industrial Average was off 1.56%, and the NASDAQ Composite was lower by a whopping...
Special Report: Meeting Your Retirement Challenge: Complete Part 3 A–Strategies and Picks
Part 3A: Strategies and Picks for the less risky end of a retirement portfolio Part 3 of my Special Report : "Meeting Your Retirement Challenge," which will focus on 5 concrete steps that you can take in your retirement portfolio. In this, Part 3A, I'm going to begin...
Adding Coke to my Dividend Portfolio
Today's shocking announcement from Royal Dutch Shell (RDS-A) that it would cut its 10% dividend, to 16 cents a share is a brutal reminder of one of the big challenges facing dividend investors. Royal Dutch shares were down 12.02% as of 3 p.m. Nw York time today, April...
Coca-Cola says it starts to feel the coronavirus slowdown in April
Coca-Cola (KO) beat on earnings and revenue in the first quarter. But, the company said today, April 21, monthly volumes have slumped in April by about 25% globally. The most likely cause of the pattern: Consumers stocked up on Coke products as the coronavirus...
Sellers batten down the hatches today ahead of tomorrow’s report on new claims for unemployment
Not much mystery to today's selling. Investors and traders were trimming positions--or more--ahead of tomorrow's report on initial claims for unemployment. Last week brought a record 3.28 million new claims for unemployment as the coronavirus and "shelter in place"...
Stocks fall again as WHO declares coronavirus pandemic, White House fails to deliver stimulus plan–no place to hide outside of Treasuries and the yen
As of 1:45 p.m. in New York the Standard & Poor's 500 is down 4.62% and the Dow Jones Industrial Average is off 5.13%. The NASDAQ Composite is lower by 4.40% and the Russell 2000 small cap index, with its heavy load of smaller U.S. oil producers, has lost 5.23%....
Trick or trend: Is Wall Street starting to worry about its $100 million financial tipping point in the coronavirus outbreak?
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. Let me...
Saturday Night Quarterback says, For the week ahead expect…
In the week ahead earnings reports will test theories about growth in specific sectors and the economy as a whole. For example, on Tuesday, April 23, we’ll get tests of the “consumer economy” with reports from Coca-Cola (KO), Procter & Gamble (PG) and Verizon (VZ). Coke is projected to show a drop of a penny to 46 cents a share from 47 cents in the year-earlier quarter. P&G is projected to pick up 4 cents a share from the first quarter of 2018 to $1.04 and Verizon is expected to see earnings move up to $1.16 a share from $1.11. Those all set, in my opinion, hurdles that are relatively easy to jump. But the growth is already so modest that any miss could throw these big consumer stocks into a year over year earnings downturn. Which would be a bad way to start the week.Â
Hot dog? Kraft Heinz melts down
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday 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. Shares of...Saturday Night Quarterback says, For the week ahead expect…
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