May 9, 2022 @ 7:49 pm | Breaking News |
Today, the Start & Poor’s 500 closed at 3991.24. That’s below the magic 4,000 level. For weeks investors and traders, technically inclined of not, have focused on 4,000 for the Standard & Poor’s 500. Because it’s a nice round number...
May 9, 2022 @ 7:39 pm | Breaking News, FQVLF |
Good timing. With copper and nickel prices near all-time highs and fears that the rapid growth of production of battery-powered cars would result in a severe nickel shortage, on Sunday First Quantum Minerals (FQVLF) announced that it would expand it Kansanshi copper...
May 6, 2022 @ 7:57 pm | Breaking News |
The U.S. economy aded 428,000 jobs in April, the Labor Department reported today, May 6. That matched the jobs gains in M arch and was above e the 380,000 jobs expected by economists surveyed by Bloomberg. The official unemployment rate remained at 3.6%. Economists...
May 6, 2022 @ 7:52 pm | Breaking News, UNG |
My one-hundredth-and-thirty-first YouTube video “Quick Pick: U.S. Natural Gas Fund” went up today. Natural gas hit an 18-year high in the United States on Thursday, May, even as oil was sliding. Consequently I’m looking for a pick that focuses on...
May 5, 2022 @ 7:59 pm | Breaking News |
Shares of Booking Holdings (BKNG) were up 3.26% as of the close in New York today, May 5, after the company announced first quarter earnings that beat Wall Street estimates. The company reported adjusted earnings of $3.90 a share, up from a loss of $5.26 in the first...
May 5, 2022 @ 7:56 pm | Breaking News |
My one-hundredth-and-thirtieth YouTube video “Market gives Fed a razzberry” went up today. Yesterday, the Fed announced that it would raise rates by 50 basis points but that it was not looking to raise by 75 at the June or July meetings. In response, the...
May 4, 2022 @ 7:20 pm | Breaking News |
After the close on May 3, Advanced Micro Devices (AMD) reported first-quarter earnings of $1.13 a share, excluding one-time items. Wall Street analysts had projected earnings of 92 cents a share for the quarter. Sales rose 71% to $5.9 billion, topping projections of...
May 4, 2022 @ 7:10 pm | Breaking News |
Today the Federal Reserve’s Open Market Committee announced that the central bank would raise its benchmark interest rate by 50 basis points. Stocks rallied strongly after Federal Reserve chair Jerome Powell seemed to take off the table the 75 basis point...
May 3, 2022 @ 10:59 pm | BABA, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, TCEHY |
My one-hundredth-and-ninth-eighth YouTube video “Trend of the Week China’s back!” went up today. At the end of last week, the Chinese government sent signals that it would make moves to stimulate the slowing economy amid widespread lockdowns, as well...
May 3, 2022 @ 10:50 pm | Breaking News, COF, EQNR, Jubak Picks Portfolio, Jubak Top 50 Portfolio, LNG, PXD |
Normally at this time of year natural gas prices retreat and companies actually stash natural gas in storage for use during hurricane outages in the fall and winter heating season. Not this year, however. Today natural gas prices in the U.S. hit a new 18-year high. At...
May 2, 2022 @ 7:24 pm | BABA, Breaking News |
My one-hundredth-and-twenty-eighth YouTube video “Quick Pick Alibaba” went up today. Alibaba (BABA) and other Chinese internet companies have been struggling recently under the pressure of a government crackdown. However, with the slowing of the Chinese...
May 2, 2022 @ 7:05 pm | Breaking News |
Economists surveyed by Bloomberg project the Federal Reserve will hike its benchmark short-term interest rate by 50 basis points on Wednesday in an effort to damp inflation. And bond traders have just decided that the U.S.central bank will raise rates by 75 basis...
April 29, 2022 @ 7:13 pm | AMZN, Breaking News, Jubak Top 50 Portfolio |
My one-hundredth-and-twenty-seventh YouTube video “Lessons from Amazon” went up today. Today I’m covering Amazon’s (AMZN) earnings report after hours on April 28. The company delivered its first quarterly loss in 7 years. The shares closed down...
April 28, 2022 @ 11:59 pm | Breaking News, Buy Hold Sell |
The U.S. economy unexpectedly shrank at a 1.4% annualized rate in the first quarter of 2022, the Bureau of Economic Analysis reported Thursday, April 28. The first quarter results follow on a 6.9% growth rate in the fourth quarter. Economists had projected a 1% rate...
April 28, 2022 @ 11:55 pm | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, MSFT |
On Tuesday, April 26, Microsoft (MSFT) reported net income of $16.73 billion or $2.22 share for the company’s fiscal third quarter. That was up from net income of $15.46 billion or $2.03 a share in the third quarter of fiscal 2021. Wall Street analysts had...
April 28, 2022 @ 11:50 pm | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, V, You May Have Missed |
After hours on Tuesday, April 26, Visa (V) reported earnings of $1.70 a share. That modestly beat analyst projections of $1.65 a share for the quarter. But it was a big jump from the $1.35 a share in the first quarter of 2021. Visa said payment volumes rose 17% and...
April 28, 2022 @ 11:45 pm | Breaking News |
Data, data everywhere in the next two days. From inflation to GDP. To begin with the Bureau of Economic Analysis is scheduled to report first quarter U.S. GDP growth on April 28. Economists expect to see that the economy has grown at an annualized rate of just 1.1% in...
April 27, 2022 @ 7:17 pm | Breaking News |
Data, data everywhere in the next two days. From inflation to GDP. To begin with the Bureau of Economic Analysis is scheduled to report first quarter U.S. GDP growth tomorrow, April 28. Economists expect to see that the economy has grown at an annualized rate of just...
April 27, 2022 @ 7:09 pm | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, MSFT |
On Tuesday, April 26, Microsoft (MSFT) reported net income of $16.73 billion or $2.22 share for the company’s fiscal third quarter. That was up from net income of $15.46 billion or $2.03 a share in the third quarter of fiscal 2021. Wall Street analysts had...
April 26, 2022 @ 10:45 pm | Breaking News |
China expanded coronavirus testing to most of Beijing as rising cases fuel fears about an unprecedented lockdown of the capital. Officials on Monday night said testing would take place in another 11 of Beijing’s 16 districts, moving beyond just Chaoyang, where most of...
April 26, 2022 @ 10:41 pm | Breaking News, Dividend Income Portfolio, Jubak Picks Portfolio, Jubak Top 50 Portfolio, KO, PEP |
Neither company crushed Wall Street earnings expectations, but both reported good enough news in a very tough environment. I own PepsiCo in my long-term 50 Stocks Portfolio, where it was up 220.4% from my initial December 30, 2008 pick as of the close on April 26. I...
April 25, 2022 @ 6:55 pm | Breaking News |
My one-hundredth-and-twenty-sixth YouTube video “Trend of the Week Are Food Delivery Stocks the Next Netflix” went up today. Will continued inflation and demand destruction from the Fed’s rate hikes added to changes in consumer behavior now that the...
April 25, 2022 @ 6:48 pm | AAPL, ABBV, AMZN, BMY, Breaking News, FB, GOOG, PYPL |
Going into this earnings season, the hope was that strong, surprisingly strong perhaps, earnings from the big growth stocks would put a stop to the selling. Earnings would be strong enough to convince investors that the market wasn’t over-valued since at these...
April 22, 2022 @ 7:41 pm | Breaking News |
A study published today, Friday April 22, from the Center on Research on Energy and Clean Air says that at least 18 new coal plant projects abroad will probably go ahead despite China’s pledge to stop building coal power plants overseas. The plants have secured...
April 22, 2022 @ 7:35 pm | Breaking News |
My one-hundredth-and-twenty-fifth YouTube video “Quick Pick Plug Power” went up today. Plug Power is building out a network for green hydrogen and hydrogen fuel cells. They’ve been involved in recent big deals with Walmart to power fork lifts in the...
April 22, 2022 @ 7:31 pm | Breaking News, Buy Hold Sell |
The financial markets have moved from pricing in 50 basis point increases in the Federal Reserve’s target interest rate at the May 4 and June 15 meetings to considering the possibility that the Fed will increase rates by 75 basis points in June and July. A 25...
April 21, 2022 @ 10:13 pm | BKNG, Breaking News, Jubak Picks Portfolio |
My one-hundredth-and-twenty-fourth YouTube video “Quick Pick Booking Holdings Update” went up today. Today I’m updating my Quick Pick from about a month ago to say that this last week’s earnings report from Delta (DAL) plus optimistic forecasts...
April 21, 2022 @ 10:04 pm | BKNG, Breaking News, Jubak Picks Portfolio |
Just a quick bookkeeping post. In my Quick Pick video Update just posted, I noted that I would be buying shares of travel booking global marketshare leader (or co-leader) Booking Holdings (BKNG) tomorrow, Friday, April 22 in my Jubak Picks Portfolio. I’m setting...
April 21, 2022 @ 9:59 pm | Breaking News, Buy Hold Sell, COP, EQNR, Jubak Picks Portfolio, LNG, PXD |
Today, April 21, reports from a number of different sources are pointing to lower oil production–which will mean higher oil prices. Even from current levels. And oil prices are significantly higher in the past three weeks. At 3:00 p.m. New York time today U.S....
April 20, 2022 @ 8:24 pm | Breaking News |
My one-hundredth-and-twenty-third YouTube video “Netflix, Inflation, and Demand Destruction” went up today. Today I’m covering Netflix’s (NFLX) crash after releasing subscriber numbers showing the loss of 200K subscribers for the quarter and...