June 14, 2019 @ 7:24 pm | Breaking News, Buy, Jubak Picks Portfolio |
Back on April 17, I made Parsley Energy (PE) my first disruption in the oil sector pick in my Special Report on Disrupted Sectors on my JubakAM.com subscription site. I didn’t actually post that pick to the portfolio on all my sites, however, and this post,...
June 13, 2019 @ 7:24 pm | Breaking News, Jubak Top 50 Portfolio, PXD, Volatility |
For the second time in a month two oil tankers came under attack in international waters near the strategic Strait of Hormuz. One ship, a Japanese-owned tanker carrying methanol, was apparently attacked by limpet bombs attached to its hull or by a mine. The second...
June 13, 2019 @ 7:12 pm | AAPL, Breaking News, Volatility, You May Have Missed |
Today Broadcom (AVGO) cut its annual sales forecast, saying that the U.S.-China trade war will wipe out the rebound in orders that it had predicted for the second half of 2019. Revenue at the chipmaker for fiscal 2019 will be $22.5 billion instead of the $24.5 billion...
June 12, 2019 @ 7:56 pm | Breaking News, Volatility, You May Have Missed |
Oil slumped to its lowest in almost five months and international benchmark Brent crude book below $60 a barrel today, June 12. U.S. benchmark West Texas Intermediate fell 4% today to $51.14 a barrel, threatening the $50 a barrel psychological benchmark. Brent fell...
June 12, 2019 @ 7:51 pm | Breaking News, Jubak Picks Portfolio, NKTR |
Shares of Nektar Therapeutics (NKTR) have been bumping along between $32 and $34 for two months now, but the company continues to take steps to prepare for the likely August approval of NKTR-181, a new non-addictive opioid. Nektar has formed Inheris Biopharma, a...
June 11, 2019 @ 7:30 pm | ALB, Breaking News, FQVLF, Jubak Picks Portfolio, Jubak Top 50 Portfolio, SCCO, SQM, Volatility |
I think the strong move in commodities stocks today has more to do with continued weakness in the U.S. dollar than it does with any renewed faith in growth in the global economy. After all the U.S.-China trade war doesn’t look any more settled today than it did...
June 11, 2019 @ 7:17 pm | Breaking News, Volatility, You May Have Missed |
The market doesn’t go up every day so it’s important not to over-react to minor weakness. As of the close today New York time the Standard & Poor’s 500 index was off a slight 0.03%; the Dow Jones Industrial Average had slipped 0.05%. The NASDAQ...
June 10, 2019 @ 7:51 pm | Breaking News, Buy, Dividend Income Portfolio |
Now that President Donald Trump’s tariff threat isn’t hanging over the Mexican economy (for the moment, anyway), I’m adding Grupo Aeroportuario del PacÃfico (PAC) to my Dividend Portfolio on Monday. The shares of Grupo Aeroportuario del Pacifico,...
June 10, 2019 @ 7:45 pm | Breaking News, CRM, Jubak Picks Portfolio |
Verizon (VZ), AT&T (T), Comcast (CMCSA) don’t want to be “dumb pipes” that supply Internet connections but that see the bulk of revenue from Internet customers go to the streaming companies that sell content to subscribers. So they’re in a...
June 6, 2019 @ 7:29 pm | Breaking News, IFNNY, Jubak Picks Portfolio, Update |
I added shares of Infineon (IFNNY) to my Jubak Picks Portfolio on May 7. The chip maker hasn’t exactly been tearing up the track since then, scoring a 26.59% loss. But on June 3 Infineon acquired another chip maker Cypress Semiconductor (CY) for $10.1 billion in...
June 6, 2019 @ 7:23 pm | Breaking News, Volatility |
Tomorrow, Friday, June 7, brings the May jobs report. Right now economists surveyed by Bloomberg are looking for the economy to add a robust 175,000 jobs with unemployment holding steady at 3.6% (as 49-year low) and average hourly wages growing at a very positive 3.2%...
June 3, 2019 @ 7:05 pm | Breaking News, Jubak Picks Portfolio, VGIT |
Today I sold the iShares MSCI Emerging Markets ETF (EEM) out of my Perfect 5 ETF Portfolio on my JubakAM.com and JugglingWithKnives.com subscription sites. And today I’m replacing it in that portfolio with the Vanguard Intermediate Term Treasury ETF (VGIT). Now...
June 3, 2019 @ 6:47 pm | Breaking News, EEM, Sell, Update |
In an ideal world, I would have finished my Special Report on the Crisis in Global Capitalism on my subscription JubakAM.com site by now so I could place this sell–and the coming buy of a Treasury ETF–in the context of that crisis. But this isn’t an...
June 3, 2019 @ 6:37 pm | Breaking News, Volatility, You May Have Missed |
Going into Monday, June 3, the consensus on Wall Street was that if the Institute for Supply Management’s Purchasing Managers Index for manufacturing fell more than expected, U.S. stocks would follow in a rout. A lower than expected reading on the index would...
May 31, 2019 @ 7:02 pm | Breaking News, Volatility, You May Have Missed |
It’s only 5%, Wall Street is saying today in what clearly sounds like an effort to convince itself when investors really know better. That unconvincing “happy talk” is why the Standard & Poor’s 500 index was down only 1.24% at the close...
May 30, 2019 @ 7:24 pm | Breaking News, Buy |
Sometimes it’s better to just weigh the news rather than try to analyze it. And that certainly seems to fit today’s market action. Even though the major U.S. indexes managed slight gains as of the close today–the Standard & Poor’s 500, for...
May 29, 2019 @ 6:40 pm | Breaking News, Volatility, You May Have Missed |
U.S. stocks dropped again today with the Standard & Poor’s 500 index closed down another 0.69% to 2783.03. U.S. Treasury bonds rallied with the price of the 10-yer bond up enough to push the yield down to 2.21% for a drop in yield of 26 basis points in the...
May 27, 2019 @ 7:53 pm | Breaking News, Volatility, You May Have Missed |
I have my theories about this–which I’ll post tomorrow, Tuesday, May 28 in a Special Report on my subscription JubakAM.com site –and the facts certainly deserve an explanation. About 16 months ago on January 26, 2018 the Standard & Poor’s...
May 27, 2019 @ 7:46 pm | Breaking News, Volatility, You May Have Missed |
U.S. financial markets are closed today for Memorial Day. (Can’t help but think of my Dad who climbed telephone poles to string wire during World War II. “While they shot at me,” he would say with a mixture of surprise and outrage. I’m sure you...
May 23, 2019 @ 7:16 pm | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, Sell, TPR, You May Have Missed |
This morning Wall Street is buzzing with talk that the U.S.-China trade war could stretch on to 2035. I think there’s just about no chance of that. But we aren’t looking at the quick resolution of the dispute that seemed possible just 10 days ago. And we...
May 23, 2019 @ 7:10 pm | Breaking News, Volatility, You May Have Missed |
You’re entitled to feel whiplashed today. Just a few days ago, on May 16, stocks rallied on speculation that trade talks would resume relatively quickly and that the United States and China, rhetoric and tariff increases aside, would find a way within weeks to...
May 23, 2019 @ 7:03 pm | Breaking News, Volatility, You May Have Missed |
The combination of a big build in U.S. crude inventories this week and fears that the escalating U.S.-China trade war will slow global economic growth (and global oil demand) took a big whack out of oil prices and oil stocks today. The U.S. Energy Information...
May 22, 2019 @ 7:45 pm | Breaking News |
The Trump administration is considering applying Huawei-level sanctions to five more Chinese technology companies in the video surveillance sector including Megvii, Zhejiang Dahua Technology, Hangzhou Hikvision Digital Technology, Meiya Pico and Iflytek. The sanctions...
May 22, 2019 @ 7:39 pm | Breaking News, Volatility, You May Have Missed |
Minutes from the Federal Reserve’s April 30-May 1 meeting showed officials at the U.S. central bank inclined toward patience and to keeping the current wait-and-see policy in place “for some time.” Adding to the dovish tone of the minutes, many Fed...
May 22, 2019 @ 7:29 pm | Breaking News, Jubak Picks Portfolio, VMC |
President Donald Trump stormed out of a meeting with Democratic House Speaker Nancy Pelosi and Democratic Senate Minority Leader Chuck Schumer saying that he would not work with them on an infrastructure package (or other bipartisan legislation including an effort to...
May 21, 2019 @ 7:36 pm | Breaking News, Volatility, You May Have Missed |
Stocks–especially chip stocks–have rallied strongly today on headlines saying that the Department of Commerce has granted a 90-day license for U.S. companies to do business with China’s Huawei Technologies in order to service existing networks. This...
May 20, 2019 @ 7:29 pm | Breaking News, GOOG, QCOM |
Call it a secondary effect of the U.S.-China trade war but it’s still clearly taking a bite out of the shares of U.S. chip makers today. Last week the Trump administration added sanctions on China’s Huawei Technologies that would prevent the company from buying U.S....
May 17, 2019 @ 7:29 pm | Breaking News, CSCO, Jubak Top 50 Portfolio, Update |
Yesterday, May 16, earnings from Cisco Systems (CSCO) and Wal-Mart (CSCO) before the open powered U.S. stocks higher to start the day.So what did Cisco say? (I reported on Wal-Mart in a post yesterday.) Cisco reported earnings per share of 78 cents for the...
May 17, 2019 @ 7:23 pm | Breaking News, You May Have Missed |
The Chinese government is using the country’s official media to signal that it isn’t interested in resuming trade talks with the United States under a threat of higher 25% tariffs on another $320 billion in Chinese exports to the United States. And to make...
May 16, 2019 @ 7:41 pm | Breaking News, Volatility, You May Have Missed |
It’s not even remotely a surprise. A day after the Trump administration declared a national emergency in order to product U.S. telecommunications for foreign antagonists–with a clear eye on China and Chinese companies such as Huawei–the Chinese...