New claims for unemployment 2.12 million for week ended May 23
The stock market is seeing the glass as half full this morning. This morning the Labor Department reported that 2.12 million Americans filed new claims for unemployment in the week that ended on May 23. That is down from 2.45 million initial claims in the prior week...
Rotation, rotation, rotation
There's nothing basically wrong with rotation. It makes sense to move money from a sector that has appreciated rapidly and to nose-bleed levels to a sector that has lagged and now looks undervalued. Rotations can, however, also signal a topping market. Investors and...
Of the 3 reasons I think the re-opening economy will disappoint, the biggest is state budget cuts
I remain a skeptic about how fast a re-opening of the economy in all 50 states will actually produce economic growth that's something like a return to normal. I realize, as the S&P cruises back toward the February high above 3,000, that my opinion is somewhat of a...
Selling Constellation Brands out of my Volatility Portfolio; adding it to my Special Reports Dividend waiting list.
Constellation Brands (STZ) is up more than $70 a share--or 67% from its March 23 low $105.64. At today's close of $176.41, up another 2.38% today, the stock is knocking on the door of the $185.96 high and the 200-day moving average at $182.08. I added it to the...
Do you see what I see?
This morning what I saw in photos and videos from this past Memorial Day weekend was a country rushing pell mell toward re-opening the economy without a thought for safety amidst a still uncontrolled coronavirus outbreak. I saw photos of crowds at beaches, on board...
Selling Twilio out of Volatility Portfolio today
I still love Twilio (TWLO) for the long term. It's positioning in the forefront of providing aps and a developer platform for linking multi-device input and replies into a single network makes this a stock that I want in my portfolio for the next five years (a...
Another week, another 3.17 million new claims for unemployment, but stocks move higher
Initial claims for unemployment totaled 3.17 million for the week ended May 2, the Labor Department reported today. Economists surveyed by Bloomberg had projected 3 million new claims for the week. This week's total was down from the 3.85 million initial claims filed...
Buying Put Options on Shake Shack after today’s earnings
Shake Shack (SHAK) reported earning of 2 cents a share today after the market close. Wall Street had expected a penny a share loss. Earnings were down from 13 cents a share in the year ago quarter. Same store sales dropped 12.8% years over year and revenue for the...
The re-opening rally is back on
Today is all about optimism--forget plunging oil prices, uncertain earnings, or a first quarter drop in GDP-- for an upturn in the economy as more states--Colorado is newest to climb on board--re-open parts of their economies. Today, at least, no one is worried,...
Is the re-opening rally over already?
Last week President Donald Trump delivered a "nothing burger" of guidance for re-opening the economy. The President's guidance followed the steps that most public health experts have laid out for when and how to re-open the economy. A massive increase in testing from...
5 MORE smart, short-term moves while we wait for longer-term trends to resolve
In my recent post "What do you do when the market is insane and you're not?" I argued that one of the dangers in a very volatile market with strong--and temporarily profitable--short-term trends is that we'll give in to the pressure to do something--and do something...Download Jim’s eBook for Free
