July 13, 2021 | Daily JAM |
Before the market open today, July 13, JPMorgan Chase (JPM) reported earnings of $3.78 a share on revenue of $30.5 billion. But as expected trading revenue fell with fixed-income trading revenue down 44% year over year. Community banking revenue climbed just 3%; investment banking revenue rose just 1%; and commercial banking revenue grew just 3%. Average loans in the consumer banking unit fell 3%; across the company average loans were flat. A release of $3 billion from reserves against loan losses saved the quarter and produced a huge surprise above the $3.05 a share expected by Wall Street analysts.
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.
February 8, 2019 | Daily JAM |
Today, a day when the U.S. financial markets seem to be in a mood to worry about China, is a good time to look at the likeliest outcomes of the U.S.-China trade talks and the likely market reaction to those outcomes. The clock is ticking on the Trump administration's...
July 12, 2018 | Daily JAM, Short Term, Volatility, You Might Have Missed |
U.S. stocks closed up on the fifth day out of the last six on a belief that Chinese rhetoric signaled a withdrawal from an immediate confrontation with the United States over trade. The shift wasn't huge. Chinese officials continued to stress that the government will...
July 12, 2018 | Daily JAM, KBWB, Perfect Five-ETFs, Stock Alerts, Volatility |
As I outlined in my recent special report "Five Places to Hide from a Downturn--and Still Make Some Money" on my JubakAssetManagemnt.com site, Â I think worry over the added downside potential for stocks created by everything from the tariff war, to higher interest...
July 8, 2018 | Daily JAM |
...one more week of this technology driven, upward trend in the U.S. market as we head into the first tech earnings report with Netflix (NFLX) on Monday, July 16. Wall Street analysts are expecting huge earnings growth from the tech stocks that led the market upward...
May 28, 2018 | Daily JAM |
I expect the slide in oil prices to continue as speculation runs amok ahead of the June 22 OPEC meeting on production limits. This past week has seen oil give back just about all of its earlier recent gains. From May 21 through May 28 the futures contract for U.S. benchmark West Texas Intermediate for July delivery dropped 8.1% to $66.36 a barrel. From May 23 to May 28 the futures contract for international benchmark Brent crude for July delivery fell 5.7% to $75.22 a barrel.
April 21, 2018 | Daily JAM |
Suffice it to say that if the market can’t get excited about earnings this week, it’s not likely to get excited about earnings and we will have locked a sell on the news faction into place for this quarter.
April 14, 2018 | Uncategorized |
Next week we get just enough economic news to keep the state of the economy bubbling on the back burners of trader and investor attention, while first quarter earnings season picks up momentum. It’s not a lengthy list of economic reports scheduled for this week, but they are important ones. On Monday, for example, we get retail sales for March with economists expecting a big bounce back from a disappointing February
April 13, 2018 | Daily JAM, Morning Briefing, Short Term |
By and large the big banks reporting first quarter earnings today modestly beat Wall Street earnings expectations. And after some initial moves higher, all the stocks have sold off strongly as of noon New York time.
But it’s a Friday–which in these high volatility times usually means selling before the weekend. And the beats are modest so it’s possible that some investors are actually disappointed. All in all, not the tell for how traders and investors will react during the rest of earnings season that I was hoping for yesterday.
April 5, 2018 | Daily JAM, Short Term |
When it arrives, first quarter earnings season is going to be spectacular. At least that’s what Wall Street is now expecting. The consensus analyst estimate points to 16.9% year over year jump in earnings for the first quarter. (According to Wall Street estimates, the story for earnings growth in 2018 only gets better from there with 19.6%, 21.6% and 17.6% year over year earnings growth projected for the second, third, and fourth quarters of 2018, respectively.
February 4, 2018 | Daily JAM |
There will be lots and lots of head-scratching going on this week on the cause of last week’s drop in U.S. stocks. Causation is important here for all of us who are trying to figure out whether this was the start of something big or if the 3.85% drop for the Standard & Poor’s 500 index from the high is just a short-term correction.
