August 26, 2022 | CORN, Daily JAM, DBA, Jubak Picks, Volatility |
Pretty much everything got clobbered today after Federal Reserve chair Jerome Powell promised that the Fed would raise interest rates and keep them high until inflation is under control. In other words, no quick turn to cutting interest rates in the second half of 2023. So chip stocks were down today, August 26, with Nvidia (NVDA) plunging 9.23% at the close. Consumer stocks were down with Shake Shack (SHAK) tumbling 8.61%. Financial technology stocks were down with Block (SQ) shedding 7.72%. Climate change stocks, an extremely hot sector lately, were down with EVgo (EVGO) bleeding 7.86%. Hide in gold? No way. The SPDR Gold Shares ETF (GLD) was down 1.22%. (Better than a poke in the eye with a sharp stick, I suppose.) But agricultural commodity ETFs? Green in a sea of red.
August 1, 2022 | Daily JAM |
I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high interest rates/inflation worries. That post had been up for all of 18 minutes before I got the perfectly reasonable question “Like what?” And I promised an answer so here are my preliminary thoughts on what I’d look to sell in a Bear Market rally
April 15, 2021 | Daily JAM, Mid Term |
Retail sales rose a stunning 9.8% in March from February’s pace, the Commerce Department reported today, April 15. In the earlier month retail sales fell 2.7%.
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.
January 21, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The seventh YouTube video “5 picks for after the pandemic” went up today. Please watch and subscribe to my YouTube channel. And like my video.
August 10, 2020 | Daily JAM |
For yet another day shares of companies dependent on the re-opening of the U.S. economy and continued good news on job and spending gains during a time of coronavirus outperformed shares of tech companies. For example, while, as of 3:30 p.m. New York time today,...
July 8, 2020 | Daily JAM |
As I wrote in my earlier Morning Brief, the stock market seems to be selling (generalization I know) what I'm calling "re-opening dependent" stocks. And nervous about the tech stock winners that have led the recent days in this rally ahead of next week's earnings...
July 7, 2020 | Daily JAM, Morning Briefing |
United Airlines Holdings (UAL) has warned employees that it has seen a sharp drop in bookings in the last few weeks. Bookings at United's Newark hub were at 16% of July 2019 levels as of July 1. That rate is roughly half of the level a few weeks ago when it looked...
June 29, 2020 | AAPL, CRUS, Daily JAM, DIS, NXPI, PANW, SHAK, Short Term, TWLO |
I'd like to see this pattern season for a few more days--until next week I'd say--but I think I see a promising trading strategy for the second quarter earnings season that begins, in my mind at least, with JPMorgan Chase (JPM) before the market open on Tuesday, July...
May 4, 2020 | Daily JAM, SHAK |
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...
October 4, 2017 | Daily JAM, Notes You Need |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
January 5, 2017 | Daily JAM, INCY |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
