Company 2/24 Benchmark Benchmark Gain/loss
price date price
Apple AAPL 298.18 2/12/20 327.2 -8.9%
Carnival CCL 37.76 1/17/20 51.9 -27.2%
Cheniere LNG 51.91 1/17/20 66 -21.3%
China South ZNH 27.75 1/13/20 35.46 -21.7%
Cirrus Log CRUS 74.35 1/23/20 86.04 -13.6%
1st Quant FQVLF 8.19 1/13/20 10.22 -19.9%
Freeport-Mc FCX 11.24 1/13/20 13.53 -16.9%
JD.Com JD 39.37 1/22/20 40.97 -3.9%
Luckin Coff LK 37 1/17/20 50.02 -26.0%
Meituan MPNGF 12.59 1/13/20 14.76 -14.7%
Microsoft MSFT 170.89 2/10/20 188.7 -9.4%
Nvidia NVDA 273.28 1/13/20 251.98 8.5%
Pioneer Res PXD 135.97 1/6/20 158.11 -14.0%
Royal Carib RCL 96.61 1/17/20 135.05 -28.5%
Skyworks SWKS 111.11 1/23/20 128.19 -13.3%
Xilinx XLNX 85.18 1/17/20 102.89 -17.2%
Above you’ll see the key information on the 15 buy on the dip candidates I’m tracking on my JubakAm.com subscription site. I’m listing the candidates and the data as of February 24 here, on my free site, so you have an idea of what I’m watching at this market unfolds.
To follow my tracking of these candidates you’ll have to subscribe.
My conclusion after today’s 3.35% drop in the Standard & Poor’s 500, the 3.56% fall in the Dow Jones Industrial Average, and the 3.71% plunge in the NASDAQ Composite is NOT YET.
The big losses so far are in stocks such as cruise lines (Royal Caribbean (28.5%) and Carnival (27.2%)), for example, that seem to me to have further to fall or in Chinese stocks that are very exposed to the news on the coronavirus over the next few days (China Southern Airlines (21.7%) and Luckin Coffee (26.0.%) that would seem to carry a high degrees of risk and a possibility of further declines. I’d like more of a dip–with more of an upside–in these Chinese stocks.
One of the things that’s interesting about this group of buy-on-the-dip candidates its how well some of them are holding up. Microsoft and Cirrus Logic, for example, are down only about 10% from my pick of a benchmark price.
Part of that, as Nvidia so aptly illustrates, is that the recent run in these stocks was so strong that they still are above the price of a few weeks back. Shares of Nvidia have taken a pounding recently dropping about $40 a share from their record high above $314. So that leaves Nvidia down a lot but still well above the price before this last rocket-like run.
