November 21, 2021 | Daily JAM, Short Term |
I’m look for a test of the Friday’s rotation into technology stocks and away from anything that depends on economies remaining relatively free of Pandemic restrictions. On Friday, the winners were technology shares–Apple, Amazon, Tesla, Nvidia, for example–that have in the past been able to show revenue and earnings growth despite any economic slowdown resulting from Covid shutdowns. And the losers were the stocks of companies–such as Six Flags, United Airlines, Macy’s, for example, that depend on the continued recovery in economic activity. The immediate impetus for this sentiment came from news that Austria would impose Pandemic economic lockdowns–again–in an effort to slow soaring rates of infection. The believe is that Germany, the Netherlands, France, and the United Kingdom aren’t far behind. And the fear is that the United States will follow some time this winter. Add that to worries of elevated and rising inflation–where technology companies are seen as one of the few sectors able to outgrow inflation–and you’ve got significant sentiment to push technology shares higher. Logically.
December 1, 2020 | Daily JAM, Short Term |
As the numbers on shopping over the Thanksgiving weekend get more concrete, the picture gets a little darker. Fewer Americans shopped during Black Friday weekend, and those who did spent less than they did a year ago.
November 29, 2020 | Daily JAM, Mid Term |
In person visits to physical stores in the United States fell by 52% on Black Friday compared to a year ago, according to preliminary data from Sensormatic Solutions. That follows on a 95% plunge in foot traffic to stores from a year ago on Thanksgiving Day  as many retailers chose to close that day.
On the other hand, sales at online retailers grew on Thanksgiving Day, climbing to $5.1 billion from $4.2 billion in 2019, according to preliminary data
November 20, 2020 | Morning Briefing |
This morning on my way back from the farmers’ market, I passed a Whole Foods Market selling small Christmas trees for my “holiday table.” It’s November 20. Thanksgiving is NEXT week. You may be noticed other signs of retailers jumping the seasonal gun.
August 18, 2020 | Daily JAM, Morning Briefing |
This morning, August 18, Walmart (WMT) reported that comparable store sales climbed 9.3% year over year for the company's fiscal second quarter that ended on July 31. Sales for its e-commerce unit jumped 97% year over year. That was up from growth of 74% in the final...
May 4, 2020 | Daily JAM |
Retaildive.com has published a list of 10 retailers at high risk of bankruptcy. According to data provided by CreditRiskMonitor, these companies have a FRISK score of 1, which indicates that they have an estimated 10% to 50% chance of filing for bankruptcy within 12...
April 12, 2020 | Daily JAM |
...the monthly retail sales numbers for March from the Commerce Department to show how the beginning of the coronavirus recession hit retailers. Headline retail sales are expected to have plunged 8% during the month, down from a 0.5% decline in February, according to...
March 30, 2020 | Daily JAM, Short Term, Volatility, You Might Have Missed |
Today, Monday, March 31, Macy's (M) announced it will furlough most of its130,000 workers after shutting 775 stores. Kohl’s furloughed 80,000 workers. Gap another 80,000 each. Gannett announced furloughs for newspaper employees who earn more than $38,000. Sysco, the...
April 4, 2019 | Daily JAM, Short Term |
Why should economists have all the fun? They've got their data heavy, sentiment tracking surveys that attempt to predict the trend in the economy and the possibility of a recession? But if recessions are founded on sentiment--our sentiment--don't we have as good a...
February 27, 2019 | Daily JAM, Stock Alerts, WMT |
Today February 27 I'm adding Wal-Mart (WMT) to my Jubak Picks Portfolio and making it the sixth pick in my Special Report: 10 stocks for an earning recession. Only 25% of Wal-Mart's revenue currently come from outside the United States--a plus in view of my projection...
February 19, 2019 | Daily JAM, Morning Briefing |
Remember last week when the Commerce Department released figures showing that U.S. retail sales fell 1.2% in December from the previous month, the most since 2009. The drop was so big that she Wall Street analysts argued that the data were in error. Today Wal-Mart...
November 25, 2018 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (running on Sunday 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. U.S. consumers...
