July 19, 2021 | Daily JAM |
Today, Monday, July 19, stocks accelerated their retreat from the end of last week on fears that a fourth wave of the pandemic, fueled by the Delta variant, will crush hopes that the economy is headed back to normal. As of the close New York the Standard & Poor’s 500 was down 1.59% and the Dow Jones Industrial Average was lower by 2.09%. The NASDAQ Composite was off 1.06% and the NASDAQ 100 had dropped 0.90%. The small cap Russell 2000 had fallen 1.51% and the iShares MSCI Emerging Markets ETF (EEM) was down 1.68%. For the day at least you can see the market’s fears accurately reflected in the list of stocks falling most heavily.
July 11, 2021 | Daily JAM |
Investors and traders will be looking to the first batch of earnings from big banks on Tuesday and Wednesday to answer two big questions: 1. Will earnings show the huge 65% year over year growth now expected by Wall Street analysts? 2. Will investors and traders sell on the news or push stocks higher on hoped for more economic (and earnings growth) to come? But I think w’ll have to wait until the week of July 27 to get answers to those queries.
July 3, 2021 | Daily JAM |
Friday’s market action argues that investors and traders are looking to buy shares of Apple, Amazon, Microsoft–you know the usual suspects–ahead of what looks like a blowout earnings season that will start on July 13 when JPMorgan Chase (JPM) reports before the market open.
June 18, 2021 | Daily JAM, Morning Briefing |
Yesterday, growth stocks climbed in the face of signals from the Federal Reserve on Wednesday that interest rates increase were coming sooner–as soon as the end of 2022–than expected. That seemed puzzling. May be, one line of thought (mine) had it, investors and traders decided that growth stocks would outrun any increase in interest rates that might take place in 2022 or 2023. Today, we got the selling that many had expected yesterday
April 27, 2021 | Daily JAM, Jubak Picks, MSFT |
Great wasn’t good enough for a stock that had climbed 10.6% in the last month, 17.84% for 2021 as of the close on April 26, and 51.07% in the last year. And Microsoft shares fell in after-hours trading after reporting earnings and revenue above Wall Street estimates. Does the drop set the stage for other BIG TECH stock reporting this week–Alphabet (GOOG) today, Apple (AAPL) and Facebook (FB) tomorrow, and Amazon (AMZN) on Thursday.
April 21, 2021 | AAPL, AMZN, Daily JAM, FB, GOOG, Jubak Picks, MSFT, Top 50 Stocks |
Today, April 21, as of 3 p.m. New York time, the major indexes were on track to break their three-day losing streak. At 3 p.m. the Standard & Poor’s 500 was ahead 0.65% and the Dow Jones Industrial Average had gained 0.74%. The NASDAQ Composite was higher by 0.73% and the small cap Russell 2000 had moved up 1.94%. Why the big change in tone from earlier in the week?
April 14, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The nineteenth YouTube video “3 more stock pics for earning season” went up today.
April 13, 2021 | Daily JAM, Long Term, NVDA, Top 50 Stocks |
AI stocks–actually any stock with a passing acquaintance to artificial intelligence technologies–stood out on the upside today, April 13, in a generally ho-hum market The Standard & Poor’s 500, let me remind you, rose just 0.33% on the day. But AI stocks–by the most generous definition–scorched higher.,
April 13, 2021 | Daily JAM, Jubak Picks, MSFT |
Microsoft (MSFT) will buy speech-recognition pioneer Nuance Communications (NUAN) for $19.6 billion in cash. The move will speed Microsoft’s ambitions in the healthcare digital record keeping market. Microsofts goal is to use voice recognition technology to develop products that feee doctors from note-taking and allows more effective search of those notes for meaningful treatment solutions. The offer at $56 a share was a premium of 23% to the close for Nuance’s shares on Friday, April 9. Microsoft forecasts that the acquisition will result in a loss than 1% hit to earnings in the fiscal year that begins on July 1 and will add to earnings in the following year.
April 8, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The eighteenth YouTube video “Best Pick for the Big Tech War” went up today.
April 1, 2021 | Daily JAM |
With the financial markets closed tomorrow for Good Friday, traders and investors jumped in to buy today ahead of what is expected to be a jobs report tomorrow morning showing unemployment dropping to 6.0% (by the official measure) from 6.2% in February. The Standard & Poor’s 500 closed up 1.18%. The Dow Jones Industrial average ended 0.52% higher. The NASDAQ Composite finished higher by 1.76%. And the small cap Russell 2000 gained 1.50% on the day.
March 15, 2021 | Daily JAM, Short Term |
The Standard & Poor’s 500 closed up 0.65% today and the Dow Jones Industrial Average gained 0.53% to set new record highs. Technology stocks rebounded from recent weakness with the NASDAQ finishing ahead by 1.05%. But the big impetus for the continued gains in the big indexes came from a sense that the economy is returning to normal.
