June 10, 2020 | Daily JAM, SBUX |
Today, June 10, Â Starbucks (SBUX) CEO Kevin Johnson wrote in an open letter to customers and investors that the company expects to lose more than $3 billion in revenue in its fiscal third quarter, which ends on June 28, due to the coronavirus pandemic. (The company...
June 9, 2020 | Daily JAM, EWZ, Morning Briefing, Short Term, WFC, You Might Have Missed |
Prices on options market are saying that there's an awful lot of risk in some of the stocks that have soared the most in the rally of the last few weeks. Buyer beware! at this point. On Friday, when stocks soared on the May jobs report surprise, I went fishing in the...
June 8, 2020 | Daily JAM, Volatility, WFC |
On June 2 Wells Fargo (WFC) has announced that it will stop providing loans to a majority of its independent auto dealer customers. Wells Fargo, the largest U.S. mortgage lender, has already cut back on cash-out home mortgage refinancing loans over $250,000 and...
May 6, 2020 | Daily JAM, SIX, Volatility |
Think of Six Flags (SIX) as Disney (DIS) without the movie studio, streaming service, and cable and TV assets. In other words, the company is just theme parks. 25 of them with 22 in the United States. Right now the company says that the parks are closed through...
May 5, 2020 | Daily JAM, DIS, Stock Alerts |
How did Wall Street analysts get Disney (DIS) earnings today so wrong? Analysts had been projecting earnings of 86 cents a share. The company reported earnings of just 60 cents for the company's second quarter. The bigger-than-Disney takeaway here is "Wonder if it...
May 1, 2020 | Daily JAM, JPM, WFC |
As economic indicators go, this isn't one that I follow in normal times. In normal times banks are happy to accept an application for a home equity loan from anyone who owns a house. Real estate is a good credit risk. In normal times. But if you're still looking for...
April 24, 2020 | Daily JAM, EWZ |
As of the close on April 24, the iShares MSCI Brazil Capped ETF (EWZ) was down 7.71% today t0 $22.15. Brazil is facing an intertwined crisis as a president who has called the coronavirus pandemic a "fantasy" also struggles with a political crisis that threatens his...
April 5, 2020 | Daily JAM, JPM, Short Term, Volatility, You Might Have Missed |
As I wrote in yesterday's Saturday Night Quarterback, I'm buying to Puts on bank stocks tomorrow, Monday April 6, ahead of bank earnings reports that begin with JPMorgan Chase (JPM) and Wells Fargo (WFC) before the market open on Tuesday April 14. I think banks will...
March 14, 2019 | BA, Daily JAM, Stock Alerts |
Boeing (BA) shares were down another 1.04% today to close at $373.21. I think the important word to add here is "only." In the options market, the April 18 Put with a strike at $290 that I own in my Volatility Portfolio and that had climbed better than 230% on...
April 24, 2018 | Daily JAM, FCX, Stock Alerts |
Before the U.S. markets opened today Freeport McMoRan Copper & Gold (FCX) ) reported a big earnings miss. As of 2:30 p.m. New York time the shares were down 16.67%. That's good news for the May 18, 2018 Put options I added to my Volatility Portfolio on April 3,...
April 3, 2018 | Daily JAM, Stock Alerts |
Last night I played standard first-stage defense by selling shares of Freeport McMoran Copper and Gold (FCX) out of my Jubak's Picks Portfolio. That reduces, in my opinion, my risk to the likely continuation (again in my opinion) of a market retreat on fear that the...