Alibaba’s core business is going great; worries are at the investment margins
Yesterday before the market opened in New York China’s e-commerce giant Alibaba (BABA) reported September quarter earnings of $1.29 a share (excluding one-time items.) That was 26 cents a share better than Wall Street projections. Revenue climbed 61% to $8.63...
GM pours salt on Tesla’s wounds as the Chevy Bolt outsells Tesla’s electric models in October
Once upon a time–way back on April 11, 2017–Tesla (TSLA) sported a market cap bigger than that of General Motors (GM). That’s no longer the case. As of today, November 1, the market puts Tesla’s value at $53.7 billion and that of General Motors...
Powell to replace Yellen at helm of Federal Reserve: Here’s how it might make a difference
This afternoon President Donald Trump nominated Federal Reserve governor Jerome Powell (known as Jay) to replace Janet Yellen as head of the Federal Reserve. Powell, a extremely wealthy Republican, was initially appointed to the central bank’s board of governors...
Tesla flunks today’s earnings report on both car production rate and cash burn
It’s not clear what is the bigger piece of bad news in today’s third quarter earnings report from Tesla (TSLA). You pick. Was it the amazing cash burn or the admission that the company still couldn’t produce its Model 3. The second? Okay. Tesla...
Facebook reports earnings beat; good set up for Apple earnings tomorrow
Facebook (FB) announced third quarter earnings of $1.59 a share today after the market closed. That was 31 cents a share better than the Wall Street consensus. Revenue climbed 47.3% year over year to $10.33 billion, ahead of projections for $9.84 billion. Last quarter...
My last post setting up my new Perfect 5 ETF Portfolio–and your last chance to get 2 weeks free and then 20% off a subscription
I’ve named the five ETFs in this portfolio. Explained my ideas on allocation money among those five ETFs and their associated asset classes. And discussed the importance of knowing what index an ETF follows. Now it’s time to explain one last thing to...
Will PayPal be a FinTech winner?
When eBay (EBAy) and PayPal (PYPL) split up in July 2015 (with eBay shareholders getting one share of eBay and one share of PayPal) I told myself (and readers) that I wanted to keep PayPal in my long term 50 Stocks Portfolio but would one day sell eBay out of that...
Can Apple, Facebook, Alibaba keep the earnings bandwagon rolling?
Another very heavy week for earnings will reach a crescendo on Thursday, November 2. The excitement isn’t surprising after the huge earnings that Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Intel (INTC) delivered this past Thursday, October 26. This...
China’s stocks fall on fears that government won’t intervene as vigorously now that the 19th Party Congress is over
Over night Chinese stocks fell the most since early August. Sovereign bonds led the way lower, extending a monthlong retreat on fears that the government will step up efforts to reduce leverage in the financial system. The Shanghai Composite was down by as much as...
Join me–and dozens of other investment and trading experts–at the FREE Wealth365 Summit Webinar; register now
I can finally tell you about an epic FREE Webinar event that I’m going to be a part of. It’s called Wealth365 Summit. Over the course of six full days, from January 15-20th–the financial industry’s best speakers will come together to share exclusive strategies...
So how strong is the economy–really?
The economic data this morning paint contradictory pictures on the strength of the U.S. economy. On the one hand GDP in the third quarter grew at a 3% annual rate. That was far better than the 2.6% expected by economists surveyed by Bloomberg. With the 3.1% growth in...
I’ve made my first buy and sell in my Perfect 5 ETF Portfolio
In order to get more Japan into the developed markets slot, I’ve sold out of a Europe only ETF and added one with about 20% exposure to Japan. You can read all about the moves on my subscription sites JugglingwithKnives.com and JubakAM.com. And you don’t...
How do you pick an ETF? Besides liquidity and expenses, indexes count
You can see this complete post-and track my new Perfect 5 ETF Portfolio by signing up for a two-week free trial of either of my subscription sites, JugglingwithKnives.com or JubakAM.com. If you haven’t taken me up on my offer, Why not? (You’ll also be able...
Tech giants crush earnings after close today: AMZN, GOOG, MSFT, INTC
Just the bare facts. And on the bare facts of earnings from Alphabet, Amazon, Microsoft, and Intel it’s hard to see the market doing anything but climbing tomorrow. Â Alphabet (GOOG) beats by $1.17 a share on earnings. Revenue climbed 23.7% yer over year to...
European Central Bank decides to split the difference on ending bond purchases
At its meeting today the European Central Bank decided to buy fewer bonds each month but for more months. Monthly purchases will be cut to 30 billion euros ($35 billion) from 60 billion euros beginning in January. But the bank will extend its bond purchases until...
AMD earnings were supposed to be a bellwether for Nvidia–let’s hope not
Advanced Micro Devices (AMD) reported third quarter earnings yesterday, October 24, of 10 cents a share (excluding one-time items). That was better than the Wall Street consensus of 8 cents for the quarter. Revenue grew 257% to $1.64 billion in the quarter, surpassing...
Visa beats on earnings and revenue as payment volumes climb by 9.8%
Today October 25 Visa (V) reported September quarter earnings of 90 cents a share, 5 cents a share above Wall Street projections. Revenue climbed 13.9% year over year to $4.86 billion vs. Wall Street projections of $4.63 billion. Â Payments volume, on a constant...
Jubak Picks Danaher reports breakout quarter
On October 16 Jubak Picks Danaher (DHR) reported third quarter earnings of $1.00 a share, five cents a share above Wall Street expectations. Revenue grew by 9.7% year over year to $4.53 billion, above Wall Street projections of $4.47 billion. The company raised its...
A wild week for earnings announcements
Enough changes in direction this week in earnings reports to keep your head spinning. We go from earnings results from the “old economy” to tech behemoths to Big Oil. This week starts off with a truckload of earnings reports from bellwethers of the...
Apple’s supplies of iPhoneX to be extremely limited at November launch, sales getting pushed into 2018?
Best explanation I’ve seen so far of the details of Apple’s (AAPL) problems with the iPhoneX comes from KGI Securities analyst Ming-Chi Kuo. That report was summarized on MacRumors.com last night. According to the KGI report, the biggest hurdle has likely...
Progress on budget (and tax cuts) in Washington moves bonds, stocks
Yesterday the Senate approved a budget plan that would allow Republicans to pass a tax cut plan without any votes from Democrats (thus preventing a Democratic filibuster.) The budget plan leaves room for a $1.5 trillion tax cut. The markets have been waiting for some...
How to allocate cash for my new Perfect 5 ETF portfolio
I’ve posted on my subscription sites JugglingwithKnives.com and JubakAM.com my recommendations for asset allocations for the five ETFs in my new Perfect 5 ETF Active Passive Portfolio. That post begins like this: “In some markets deciding how much money...
Earnings day of truth for General Electric tomorrow
There’s little doubt that tomorrow’s third quarter earnings report from General Electric–due before the market opens–will be one of those kitchen sink quarters. New CEO John Flannery is sure to want to mark his accession to the corner office...
Kinder Morgan affirms 2018 dividend hike
Kinder Morgan (KMI) ) reported third quarter earnings today a scant penny a share above Wall Street’s projections at 15 cents a share. Revenue slipped 1.5% year over year to $3.28 billion but still exceeded expectations of $3.21 billion. Most...
IBM’s “almost” revenue growth powers Dow
Who says “Almost” only counts in horseshoes? IBM (IBM) announced a 0.4% year over year decline in third-quarter revenue –making it 22 straight quarters of declining revenue–but the 0.4% drop is the closest that IBM has come to revenue growth in...
Any surprises for investors in the Communist Party Congress that starts tomorrow in China?
On the one hand, the results of the 19th Communist Party Congress that begins tomorrow are completely predictable. Current president Xi Jinping will be elected to a new five-year term and when the dust has cleared from the once-every-five-years turnover of 70% of the...
Netflix misses on earnings but more importantly two trends to watch for NFLX, AMZN, FB and others
Netflix missed Wall Street estimates for third quarter earnings today by 3 cents  share. Revenue at $2.98 billion was in-line with analyst estimates of $2.97 billion (and up 30.3% year over year.)  But the big news for investors were in two trends that Netflix...
Oil stumbles, banks retreat: So where’s the leader for the next rotation?
Oil prices fell today with U.S. benchmark West Texas Intermediate falling 1.29% to $50.64 a barrel and international benchmark Brent crude down 1.11% to $56.31 a barrel. Oil prices were even lower in the early going with West Texas Intermediate touching $50.23 a...
IMF gets giddy about global growth; raises forecasts for 2017 and 2018 by 0.1 percentage point each
In its regular update to its World Economic Forecast the International Monetary Fund has upped it forecast for global growth to 3.6% in 2017–the world economy grew by 3.2% in 2016–and to 3.7% in 2018. Both these growth rates are above the average for this...Jim’s Daily Email Alerts:
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