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...
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...
I’m buying China’s online travel leader CTRP for my Jubak Picks portfolio today
There are three things to think about before buying Ctrip.com International (CTRP), the leader in China’s online travel market. Two of these things are positive and one negative. I think the balance comes down on the positive side but the negative element means...
Some signs the bottom is in for Incyte
This qualifies as a horrendous six months for any stock: Shares of Incyte (INCY) are down from $152.66 on March 15 to $115.19 at the close today, October 2. The shares have been even lower, which is one thing giving me some hope that the pain is coming to an end. The...
Buy Arco Dorados Holdings in my Jubak Picks portfolio
Arco Dorados Holdings (ARCO) is a twofer. The New York traded ADRs of the largest operator of McDonald’s (MCD) franchises in the world, is soaring on the recovery in its two biggest markets Brazil and Argentina. The ADRs are up 76.7% in 2017 as of the close on...
Autoliv soars on news that the company might split its auto businesses in two
Shares of Autoliv (ALV) soared today, closing up 12.26% to $127.14, on news that the company’s Board of Directors has authorized management to conduct a strategic review of splitting the current company into two new companies focused on passive auto safety and...
Natural gas stocks up today on rise in LNG prices in Asia
Shares of natural gas producers and liquefied natural gas exporters climbed strongly today as prices for liquefied natural gas in Asia rose to s seven-month high in reaction to the damaged inflicted on Gulf Coast terminals by Hurricane Harvey. It didn’t hurt...
Adding a gold ETF on today’s drop in the metal on hurricane, North Korea relief
I’m adding the SPDR Gold Shares ETF (GLD) to my Jubak Picks and Volatility portfolios today. Gold has sold off today with worries over a new missile test from North Korea in abeyance. And with traders relieved–and apparently surprised–to discover...
Nothing but good news for markets from European Central Bank today
At today’s meeting the European Central Bank announced that it would leave interest rates at their current low levels and continue to buy debt assets at the current monthly rate. Â In his post-meeting press conference ECB president Mario Draghi noted that...
Two typhoons don’t dent casino revenue growth in Macao
Casino revenue in Macao climbed by a year over year 20% in August, marking a 13th consecutive month of growth–despite two typhoons the left half of the city without power and water for as many as four days. Analysts had been looking for 17% to 22% growth in...
What? Wait a minute! Not everything is perfect at Alibaba?
I’m on vacation until September 6. I wrote this post on August 24 before I left. On August 17 Alibaba Group Holding (BABA) reported another blowout quarter. Non-GAAP earnings per share climbed 65% and revenue rose 56%. And… on its conference call Alibaba...
Hurricane Harvey is demonstrating the new world of oil prices–and I’m selling refiner Marathon Petroleum into the storm
With Hurricane Harvey barreling down on the Gulf Coast complex of refineries and oil terminals, you might have expected the price of gasoline to rise yesterday, August 24, on fears of a shutdown of supply. And it did. The price of gasoline climbed 2.35% yesterday on...
Xylem raises guidance for fiscal 2017 after slight earnings beat in second quarter
On August 1 Xylem (XYL) reported second quarter earnings of 59 cents a share (excluding one-time items), beating Wall Street earnings estimates by 2 cents a share. Thanks to recent acquisitions revenue of $1.16 billion climbed 24.9% year over year, slightly missing...
MGM shares climb on news stock is to join S&P 500
Effective July 26, MGM Resorts International (MGM) will join the Standard & Poor’s 500 stock index to replace Reynolds American (RAI), which is being acquired by British American Tobacco. (That means that all funds that track the S&P 500 index will...
One less worry hanging over shares of Jubak Pick Cheniere Energy
One worry hanging over shares of Cheniere Energy (LNG), the first company to get an unrestricted license to export liquified natural gas (LNG) to any country in the world, was what would happen if some of the customers that signed a long-term contract to buy LNG from...
HAIN spikes 8.56% on news that an activist investor is pressing the company to sell itself
I’ve been waiting for this for more than a year. And so have a lot of other investors and traders from the market reaction today. Shares of Hain Celestial Group (HAIN) jumped 8.56% today on news that activist investor Engaged Capital had accumulated almost 10%...
Visa: It you can’t beat ’em, buy ’em
Visa (V) is defending its turf in the financial processing market by buying and/or partnering with the new generation of fintech companies. Visa’s latest deal is the purchase of a stake of less than 10% in Finland’s Klarna, The still-private company...
Two big deals for Cheniere Energy
Cheniere Energy (LNG) has a significant first-mover advantage, I argued upon picking this stock for my Jubak Picks portfolio, since it was the first U.S. company to get a unrestricted permit to export liquified natural gas. Turning that advantage into revenue and...
Adding water play Danaher to my Jubak Picks portfolio
On June 14 I updated my take on why you want water stocks in your portfolio. The sector has entered a new phase, I argued, that made it important for investors to look for water stocks where customers could pay the bill for clean water. Global demand for clean water...
Alibaba blows the top out on growth forecast; raising my target price
Yesterday, June 8, Alibaba (BABA) forecast that revenue would climb by 49% for fiscal 2018. That’s a solid 10 percentage points above the recent projection from Wall Street analysts. The New York traded ADRs climbed almost 10% on the news yesterday....
Incyte up on positive trial results
Shares of Incyte (INCY) are up 7.1% as of 12:30 p.m. New York time on data released before the June meeting of the American Society of Clinical Oncology showing that Incyte’s epacadostat, which is an IDO inhibitor, has proved effective when used in combination...
Cheniere Energy pops on possibility of increased China exports
Earlier this week the Trump administration announced that it had reached an agreement with China to increase market access for U.S. energy companies. Today Cheniere Energy (LNG) noted that it has had extensive negotiations with Chinese state-owned companies about...
Sell Bristol-Myers Squibb before Thursday’s earnings report
I’m selling Bristol-Myers Squibb (BMY) out of my Jubak Picks portfolio ahead of Thursday’s report of first quarter earnings. I’m afraid that earnings will confirm what monthly sales reports from Bristol-Myers and competitors have outlined: That the...
Incyte dropped 10.5% yesterday on FDA drug “rejection”: Here’s what’s actually going on (and why you shouldn’t sell)
I know the headlines on Friday said that the U.S. Food and Drug Administration had “rejected” Olumiant (known more frequently until recently as baricitinib), a new drug for rheumatoid arthritis from Eli Lilly (LLY) and research lead Incyte Corp (INCY.) And...
Sell Softbank: Not the Asia Internet startup exposure I wanted from this stock
Tomorrow April 6 I’m going to sell Softbank Group (SFTBY) out of my Jubak Picks portfolio. The shares are up 21.19% since I added them to this portfolio back on February 20, 2015. I originally bought these shares because I liked Softbank’s portfolio of...
Sell Vulcan Materials–I don’t see an infrastructure package this year
With the Senate about to go nuclear as Republicans change the Senate rules so they can avoid a Democratic filibuster and send Neil Gorsuch to the Supreme Court, any small chance that Democrats would work with Republicans to pass some version of President Trump’s...
Incyte shares up as stock heads for S&P 500 index
In a change effective February 28 Incyte (INCY) will replace Spectra Energy (SE) in the Standard & Poor’s 500 stock index. Spectra Energy is being acquired by Enbridge (ENB.) All those index funds and ETFs that track the S&P 500 will have to buy shares...
Incyte is on the way to becoming a complete drug company–or an expensive acquisition candidate
Usually with a biotech stock you trade the present for the future: no revenue now but the promise of big revenue to come. Incyte’s (INCY) most recent quarter, reported on February 14, doesn’t require that trade off. Which means investors should be asking a...Jim’s Daily Email Alerts:
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