May 16, 2019 @ 7:32 pm | Breaking News, Jubak Picks Portfolio, NVDA, Update |
Nvidia (NVDA) will report first quarter earnings today, May 16, after the close of New York markets. Wall Street is expecting the company to report earnings of 81 cents a share–which would be a drop of 60.5% year over year–on revenue of $2.195 billion, a...
May 15, 2019 @ 7:21 pm | Breaking News, Volatility, You May Have Missed |
Right now if the market gets bad news on the economy it goes up. Today, May 15, for example, the S&P 500 closed up 0.78% even though both U.S. and Chinese retail sales disappointed for April. Right now if the market gets bad news on oil supplies, it goes up, as...
May 15, 2019 @ 7:06 pm | Breaking News, Volatility |
I’d give the edge to China in the “Whose news is worse?” sweepstakes this morning. For April China’s retail sales rose 7.2% year over year–good news except that economists were projecting an 8.6% increase and that March showed 8.7% year...
May 14, 2019 @ 7:52 pm | Breaking News, Buy, DIS, Jubak Top 50 Portfolio, You May Have Missed |
Every so often the calendar and the movie release schedule give patient long-term investors a chance to buy Disney (DIS) on some mild weakness. That’s where we are now. The stock pulled back slightly after the company announced first quarter earnings on May 9 of...
May 13, 2019 @ 7:18 pm | Breaking News, LNG, Update, Volatility |
LNG (liquified natural gas) from Cheniere Energy (LNG) is one of the U.S. exports most in danger in the newest round of the U.S.-China trade war. Reflective of that the stock was down 3.57%, or $2.42 a share, as of 2 p.m. New York time, to $65.45. That has taken the...
May 13, 2019 @ 7:10 pm | Breaking News, Volatility |
On Friday, the Trump administration raised tariffs on $200 billion in Chinese exports to the United States to 25% from 10%. The move, the administration said, was in response to Chinese efforts to walk back provisions the country had agreed to, according to the White...
May 10, 2019 @ 7:06 pm | Breaking News, CAT, DE, Jubak Picks Portfolio, Jubak Top 50 Portfolio, LNG, Volatility, You May Have Missed |
Whatever the ultimate end point of the trade talks between the United State and China, the next step is almost certainly the announcement of retaliatory measures by China in the wake of the Trump administration’s decision to raise tariffs on $200 billion of...
May 10, 2019 @ 6:59 pm | Breaking News, Volatility, You May Have Missed |
The Standard & Poor’s 500 was slightly in the green at the close today at 2881.40. That marked a big turnaround from earlier in the session. As of 11 a.m. New York time the index had dipped to 2826.29. Today it was all about China and the trade/tariff talks...
May 9, 2019 @ 7:47 pm | Breaking News, Volatility, You May Have Missed |
It is clearly in the self interest of both President Donald Trump and President Xi Jinping to reach an agreement that would bring the U.S.-China trade war to an end. In the long-run. That same calculus, however, argues that in the short run both leaders will let the...
May 9, 2019 @ 7:40 pm | Breaking News, Jubak Top 50 Portfolio, MIDD, Update |
Yesterday, May 8, Middleby reported earnings of $1.24 a share, 10 cents a share below Wall Street estimates. Revenue for the first quarter climbed 17.4% from the first quarter of 2018 to $686.8 million, slightly above the $683.01 million Wall Street projection. Gross...
May 8, 2019 @ 7:23 pm | Breaking News, Volatility |
Today U.S. stocks are moving slightly higher as if they believed that talks Thursday and Friday over will see an agreement between the U.S. and China on trade and tariffs rather than a breakdown in the negotiations. As of 2:30 the Standard & Poor’s 500 is...
May 8, 2019 @ 7:17 pm | Breaking News, Jubak Top 50 Portfolio, PXD, Update |
A complicated but very positive quarter for Pioneer Natural Resources (PXD.) The stock, a member of my long-term 50 Best Stocks Portfolio, climbed 3.92% today to $153.77. First, after the close on May 6, the company announced earnings of  $1.83 a share, 20 cents a...
May 7, 2019 @ 7:45 pm | Breaking News, Jubak Picks Portfolio, SEDG, Update |
SolarEdge Technologies (SEDG) reported earnings of 64 cents a share after the New York markets closed yesterday. That was 7 cents a share above Wall Street projections. The company reported first quarter revenue of $271.9 million, up 29.5% year over year, and ahead of...
May 7, 2019 @ 7:41 pm | Breaking News, Dividend Income Portfolio, KMI, Update |
On April 17, Kinder Morgan (KMI) reported first quarter 2019 results that were a penny below Wall Street estimates (at 24 cents a share) and that missed revenue projections at $3.43 billion versus the $3.63 billion consensus. (That amounted to a 0.3% year over year...
May 7, 2019 @ 7:33 pm | Breaking News |
The Standard & Poor’s 500 fell another 1.65% to 2,884.05 today on fears that there would be no agreement this week out of the U.S.-China trade talks and that President Donald Trump’s threats to raise tariffs on $200 billion in Chinese exports to the...
May 6, 2019 @ 7:52 pm | Breaking News |
Here’s what’s disconcerting about this morning’s stock market drop. First, while we do know what caused the selloff–President Donald Trump’s Sunday tweet threatening China with higher tariffs on even more exports unless it agreed to a...
May 5, 2019 @ 6:13 pm | Breaking News |
On Sunday President Donald Trump’s tweeted that he will raise tariffs on $200 billion in Chinese exports to 25% from 10% on Friday and add $325 billion in new Chinese goods that will face the higher 25% tariffs. The 25% rate was most recently scheduled to go...
May 2, 2019 @ 6:53 pm | Breaking News, Jubak Picks Portfolio, VMC |
Before the New York market opened this morning Vulcan Materials (VMC) announced earnings of 46 cents a share, excluding one time items. That was a full 9 cents a share above Wall Street expectations. Revenue of $996.5 million was up 16.6% year over year and beat Wall...
April 30, 2019 @ 7:47 pm | Breaking News, Volatility, You May Have Missed |
If this market runs out of bears, I think it’s in trouble. And today one of the market’s few remaining bears capitulated to the rally. Wells Fargo’s head of equity strategy Christopher Harvey hiked his year-end price target for the Standard &...
April 30, 2019 @ 7:40 pm | Breaking News, You May Have Missed |
Occidental Petroleum (OXY) has brought Warren Buffett and Berkshire Hathaway (BRK.A) into its battle with Chevron (CVX) for control of Permian-Basin-rich Anadarko Petroleum (APC). Up until the entry of Buffett, Chevron had the inside edge even though it had offered a...
April 29, 2019 @ 7:12 pm | Breaking News, INTC |
Shares of Intel (INTC) continued their post-earnings slide today, dropping about 2.52% to $51.11. On April 24, the day before there company reported first quarter 2019 earnings, the stock closed at $58.72. That’s a drop of 12.96% in less than a week. I think...
April 29, 2019 @ 7:02 pm | Breaking News, You May Have Missed |
Put today’s numbers on the economy together with those in Friday’s first quarter GDP report and the picture that emerges is of a U.S. economy growing at s very solid rate with declining inflation. But where the trends on consumer incomes and spending...
April 26, 2019 @ 7:54 pm | AMZN, Breaking News, Jubak Top 50 Portfolio |
Great first quarter for Amazon (AMZN.) On Thursday, April 25, Amazon reported earnings of $7.09 a share, $2.43 a share better than Wall Street expected. The company’s cloud unit, AWS, reported a 42% increase in revenue, 59% jump in operating income and a surge...
April 26, 2019 @ 7:43 pm | Breaking News |
The U.S. economy grew at a 3.2% real rate in the first quarter. That’s substantially stronger than the 2.2% growth in the fourth quarter and way above projections for 1.9% growth among economists surveyed by Briefing.com. Inflation remained very subdued with the...
April 25, 2019 @ 7:47 pm | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD |
The battle for control of Anadarko Petroleum (APC) and its huge position in the oil shale geologies of the Permian Basis isn’t over. Yesterday, Wednesday,  Occidential Petroleum (OXY) made a renewed bid to acquire Anadarko. The 50%/50% stock and cash offer from...
April 23, 2019 @ 7:44 pm | Breaking News, Volatility |
On Friday China’s ruling body, the Politburo, suggested that it thought less stimulus might be needed since the economy had recovered its footing. Instead policy should focus on deleveraging China’s banks and corporate balance sheets, and on avoiding...
April 22, 2019 @ 10:41 pm | Breaking News, Dividend Income Portfolio, IBCP |
When I posted earlier today that I would keep Bank of America (BAC) in my Dividend Portfolio I said the decision rested largely on the ways that Bank of America wasn’t like the “average” bank. Chief among these “ways” was the bank’s...
April 22, 2019 @ 7:51 pm | BAC, Breaking News, Dividend Income Portfolio |
2018 was supposed to be a good year for bank stocks. Rising interest rates from the Federal Reserve would provide a positive environment for banks, bank revenues, and bank earnings.2019 is likely to provide a negative backdrop for banks. The Fed is holding interest...
April 18, 2019 @ 7:33 pm | AAPL, Breaking News, Jubak Top 50 Portfolio |
Why did Apple (AAPL) settle a dispute that had dragged on for two years with Qualcomm (QCOM) now? How about because troubles at Intel (INTC) threatened to leave Apple without the 5G modem chips it needed for a new 5G iPhone? And that threatened to put Apple a year or...
April 18, 2019 @ 7:22 pm | Breaking News |
Baker Hughes released its weekly count of operating oil and natural gas drilling rigs today instead of on its normal Friday schedule because financial markets are closed tomorrow for Good Friday. The count showed a total drop of 10 rigs to 1012 with 8 fewer oil rigs...