March 1, 2022 | Daily JAM, Morning Briefing |
With Russian troops laying siege to Ukraine’s two largest cities, I certainly don’t blame financial markets for a high degree of anxiety. After all investors and traders are also looking at the consequences of massive sanctions piled on Russian banks including the country’s central bank, disruptions of the global grain trade, and energy shortages here, there, and everywhere. The selling today is fundamentally different from yesterday’s (as well as being greater). Some of the selling is an attempt to gain shelter from the Russia war and sanctions storm. Airlines stocks, which will take a hit from higher prices for jet fuel and any drop in the appetite for flying, were down with American Airlines (AL) off 5.57% and United Airlines (UAL) lower by 5.74%. Some of the selling seems a reasonable guess at where there might be problems. U.S. banks are down heavily even though various experts say they have little or no Russia exposure. JPMorgan Chase (JPM) was down 3.77% and Bank of America (BAC) was off 3.91%. But some of the selling is just selling, either to reduce risk or to raise cash, without any specific connection to Russia and the Russia sanctions. Tesla (TSLA) was down 0.70% at the close as and construction aggregate producer Vulcan Materials (VMC) was significantly lower by 3.86%. Fewer states will repave their roads because of the sanctions on Russia’s central bank?
November 6, 2021 | Daily JAM, Jubak Picks, Millennial, Volatility |
Expect a scramble this week as Wall Street tries to identify the winners from the $1.2 trillion ($550 billion in new money) infrastructure bill passed by the House of Representatives (finally) late on Friday night. President Joe Biden will sign the bill, which passed the Senate in August, early in the coming week. Frankly, the bill has been so long in the baking that I had forgotten what was in it. So I looked it up. (And I’ve suggested some potential stock market winners from this new spending.)
August 16, 2021 | Daily JAM, Special Reports |
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...
August 10, 2021 | ALB, AMSC, CAT, Daily JAM, DE, Mid Term, MLM, Morning Briefing, VMC |
The $1.2 trillion infrastructure bill that the Senate passed today–roughly half of that represents new spending–still faces a tough go in the House of Representatives where progressive Democrats have criticized the measure as light on dollars to fight global climate change. That spending has been pushed into a second infrastructure bill, which would also include money for expanding Medicare and improving access to childcare among other “social” infrastructure spending, which the Senate actually took up today. Most political pundits think that efforts to pass a “social” infrastructure bill using reconciliation will be enough to secure all the votes needed to pass the traditional infrastructure bill in the House. The bill passed today would include more than $110 billion to replace and repair roads, bridges and highways, and $66 billion to boost passenger and freight rail. The plan includes an additional $55 billion to address problems in the U.S. water supply such as continued use of lead pipes despite conclusive evidence that lead in water pipes leads to cognitive impairment in children. It allocates $65 billion to modernize the country’s power grid and $7.5 billion to build out a national network of electric-vehicle charging stations. The bill earmarks $47 billion to respond to wildfires, droughts, coastal erosion, heat waves and other climate crises.
June 25, 2021 | Daily JAM, Jubak Picks, VMC |
On Monday, June 28, I’ll be adding shares of Martin Marietta Materials (MLM) to my Jubak Picks Portfolio to increase my exposure to the infrastructure sector after the Thursday, June 24, announcement at the White House of a bipartisan infrastructure deal. You should think of this producer of construction aggregates–used in highways, for example–as a version of aggregate producer Vulcan Materials (VMC) with a different regional profile. Whereas Vulcan is strongest in the Southeast and Texas, Martin Marietta has just acquired the assets of Heidelberg Cement in Arizona and California.
June 24, 2021 | CAT, Daily JAM, DE, Jubak Picks, Top 50 Stocks, Videos, VMC |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The twenty-ninth YouTube video “5 stock picks for the infrastructure deal” went up today.
June 24, 2021 | CAT, Daily JAM, DE, Jubak Picks, Top 50 Stocks, VMC |
The White House has announced that it has struck an infrastructure deal with a bipartisan group of 10 Senators. There are almost no details on the deal and it’s not at all clear that President Biden will be able to convince the progressive wing of his own party to support the deal. On the other side of the aisle, Republican Senate Minority Leader Mitch McConnell has not endorsed the deal. As I do the math, if only the 5 Republican Senators who were part of the negotiating group vote for the deal in the Senate, it will fail to clear the 60-vote threshold necessary for passage if McConnell and other Republicans decide to filibuster the legislation. All that aside, today the usual infrastructure stocks gained.
May 18, 2021 | CHPT, CLII, Daily JAM, DNNGY, ES, Jubak Picks, Morning Briefing, Special Reports, Volatility |
Here are my first five stock picks for my Special Report on finding “Real Green” Stocks. These are my “low-hanging fruit” stocks for climate change.
February 23, 2021 | Daily JAM |
Federal Reserve chair Jerome Powell didn’t take all worry off Wall Street’s plate, but he did downsize the portion.
February 17, 2021 | Daily JAM, Mid Term, Special Reports, You Might Have Missed |
2021 is shaping up as an especially challenging year for investors. Much, much more challenging than 2020. I don’t think we can count on this rally running uninterrupted through the year. That would be simple, wouldn’t it? We’d all know how to profit from that scenario. And I don’t think the market is about to drop off a cliff from its current record highs. That would be traumatic. But, still, we do know how to protect a portfolio in that scenario. And even how to profit from a prolonged plunge–if we can bring ourselves to place those short and Put Options bets. Instead 2021 is likely to be one of those years with a Rally Stage and then a correction (or “something”) to be followed by a last quarter of 2021 that is, at this moment, close to completely unpredictable. That would make 2021 one of those years that gives investors a chance to be wrong several times over, to botch timing on the upside and the downside, and to let emotions power some really bad investment moves. I don’t pretend that I’ve got this year’s market stages down perfectly–although I think the outlines for the first two stages for 2021 are pretty clear. I don’t imagine that I’ve got the timing for navigating these stages clocked perfectly–although I do think I understand “generally” when the market is likely to switch gears. And that lets me lay out for you a likely pattern for 2021 and to suggest stocks and ETFs to use to navigate this year. Part of the point in getting as specific as I can at this point isn’t that I expect that I’ve got everything right, but to lay out concrete markers that will let you and me adjust portfolios as the year progresses. I’m dividing this Special Report into three parts.
January 6, 2021 | Daily JAM |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The fourth YouTube video on 5 Stocks for a Biden market went up today
November 7, 2020 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday 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. On Friday...
