June 8, 2020 | Daily JAM, Volatility, WFC |
On June 2 Wells Fargo (WFC) has announced that it will stop providing loans to a majority of its independent auto dealer customers. Wells Fargo, the largest U.S. mortgage lender, has already cut back on cash-out home mortgage refinancing loans over $250,000 and...
June 1, 2020 | Daily JAM, NXPI |
Just about everybody agrees that the world after the coronavirus pandemic and recession will look very different. And from what I've read every stock market guru worth his or her smart phone agrees that buying the stocks of companies that are "attuned" to that...
May 26, 2020 | Daily JAM, MPNGF, Stock Alerts |
As of 1 p.m. New York time today Meituan Dianping (MPNGF) shares were up 17.52% after the company reported better than forecast sales of 16.8 billion yuan ($2.4 billion) for the quarter that ended on Mach 31. The company reported a lower than projected loss of 1.58...
May 7, 2020 | Daily JAM, Stock Alerts, TWLO, Volatility |
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...
May 6, 2020 | Daily JAM, SIX, Volatility |
Think of Six Flags (SIX) as Disney (DIS) without the movie studio, streaming service, and cable and TV assets. In other words, the company is just theme parks. 25 of them with 22 in the United States. Right now the company says that the parks are closed through...
May 5, 2020 | Daily JAM, DIS, Stock Alerts |
How did Wall Street analysts get Disney (DIS) earnings today so wrong? Analysts had been projecting earnings of 86 cents a share. The company reported earnings of just 60 cents for the company's second quarter. The bigger-than-Disney takeaway here is "Wonder if it...
May 1, 2020 | Daily JAM |
Brazil's government says the country has 80,000 confirmed coronavirus cases. Public health experts say the number could be as high as 1 million. But Brazil is doing almost no testing-- “12 times fewer people than Iran, and 32 times fewer than the United States,”...
May 1, 2020 | Daily JAM, JPM, WFC |
As economic indicators go, this isn't one that I follow in normal times. In normal times banks are happy to accept an application for a home equity loan from anyone who owns a house. Real estate is a good credit risk. In normal times. But if you're still looking for...
April 8, 2020 | Daily JAM, DIS, Stock Alerts |
You know that Disney (DIS) is really serious about the likelihood of continued social distancing measures disrupting movie going for months when it delays the release date of Black Widow, once intended as the tentpole of its summer schedule. Black Widow has been...
April 6, 2020 | Daily JAM, EWZ, Volatility, You Might Have Missed |
I understand why U.S. and European stocks are up so strongly today on news that the rate of new infections is dropping in Spain and Italy and that New York looks to be on a similar path with a possible peak in coronavirus cases sometime in the next week to 10 days....
April 2, 2020 | Daily JAM, DIS, Stock Alerts |
Gugenheim analyst Michael Morris issued a deeply pessimistic call on Walt Disney (DIS) shares on Thursday, April 2. He's still more positive on the stock than I am in the next six months or so. While I continue to hold Disney shares in my long-term 50 Stocks...
April 2, 2020 | Daily JAM, Dip-O-Meter, Volatility, You Might Have Missed |
Okay, I simply don't understand how the government could report 6.65 million new claims for unemployment in the week ended March 28--up from 3.31 million (revised) the week before--and stocks climb. As of 11:15 a.m. New York time the Standard & Poor's 500 was up...