A deep dive into Exxon Mobil financials shows where even the big oil majors are vulnerable
On Monday, August 19, I posted a deep dive into the financials at Concho Resources (CXO) to illustrate some of the pressures weighing on the stocks of oil shale producers. Now Exxon Mobil (XOM) is a very different kind of oil company. It’s diversified globally....
SolarEdge Technologies hits all time high on earnings beat, raising my target price in my Picks portfolio
Wednesday, August 7, SolarEdge Technologies (SEDG) reported second quarter revenue of $325 million, up 43% from the second quarter of 2018 and ahead of analyst projections of $315.5 million in revenue. Adjusted earnings rose 15% year over year to 94 cents a share,...
Using softness to add more Treasury exposure to Volatility Portfolio–maybe you should be adding Treasuries too
Treasury prices have been a little weak over the last two weeks. As a consequence the Vanguard Intermediate Term Treasury ETF (VGIT) and the Vanguard Short Term Treasury ETF (VGSH), for example, have dropped from highs on June 25 of $66.03 and $60.94, respectively, to...
Raising target price on Tencent Holdings , #4 in my 10 Best Picks for the Next 6 months of 2019 Special Report on JubakAM.com
In my first three picks for my Special Report 10 Best Picks for the Next Six Months of 2019 on my subscription site JubakAM.com I’ve focused on index ETFs that, in my opinion, will ride the big trend of lower interest rates higher in 2019. In other words, these...
$416 billion for seawalls in the United States by 2040–that’s a lot of gravel sales for Vulcan Materials
In the next 20 years spending on seawalls to protect communities could cost as much as the initial investment in the interstate highway system. Total spending to defend against rising ocean levels could run to $416 billion in the next 20 years, according to a report...
Infineon’s acquisition of Cypress will create new No. 1 among auto chip suppliers
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...
Selling Emerging Markets ETF out of my ETF Portfolio on my subscription JugglingWithKnives and JubakAM sites on Monday
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...
Cisco earnings on May 16 powered the market; Cisco gained 6.66% on the day and another 0.75% today, May 17
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...
Nvidia reports after the close today–watch to see if it misses on earnings to create a buying opportunity
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...
LNG from Cheniere dead in the sights of trade war with China–short term I’d think about selling; long term I’d just hang on
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...
Middleby sees 17.4% revenue growth, stock pulls back slightly on earnings miss
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...
Pioneer Natural Resources gains on earnings beat, production increase, and asset sales
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...
Jubak Pick SolarEdge beat on earnings yesterday, gains 23% today
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...
Kinder Morgan, a Dividend Portfolio pick, raises quarterly payout by 25%
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...
After huge bounce on earnings, when is it time to sell China’s CTRP.com?
Way, way back on March 1 I wondered when it would be time to trim some China positions. Then the Shanghai market as a whole was up more than 14% in the last month. Sure, a potential U.S.-China trade deal offered the chance of a rally on the news, but Wall Street was...
More cash flow ahead for 50 Stocks pick Cheniere Energy
At the moment everything is running Cheniere Energy’s (LNG) way. And while natural gas remains a cyclical sector and subject to the ebbs and flows of global growth, catalysts are very strong for this member of 50 Stocks Portfolio. Catalysts? Let me count them...
Salesforce beats on earnings for this quarter but lowers guidance for year ahead
The entire cloud, cyber security, and software as a service sector was down ahead of the after-hours earnings report from Salesforce (CRM) today. The worry wasn’t so much that the company would miss on fourth quarter earnings, but that this earnings growth...
Government action on drug prices seems far, far away
The format was familiar: Seven CEOs sit in front of a Senate Committee probing their industry’s business practices. But whereas a Congressional hearing a decade ago marked a key moment in what was a costly public reckoning for the tobacco industry, today’s...
It’s official: White House extends March 1 deadline in U.S.-China trade talks
Citing substantial progress, President Donald Trump has extended the March 1 deadline for reaching agreement on a U.S.-China trade agreement and heading off a jump to 25% in U.S. tariffs on $250 billion of Chinese exports. “The U.S. has made substantial progress in...
ING yields 5.8% and may have turned the corner on share price in the last month
I’m sure you’re happy with the 5.80% forward dividend yield on ING (ING). That dividend is why the stock is a member of my Dividend Portfolio. I’m also sure that you’re not happy with the loss in the stock’s price–down 13.64% year...
Albemarle beats on earnings, sees rising lithium deman
After the market close yesterday, Albemarle (ALB) announced fourth quarter 2018 earnings that beat Wall Street earnings estimates of $1.47 by 6 cents a share and reported revenues grew 7.4% year over year to $921.7 million, against the $894.5 million consensus. The...
The Fed’s minutes surprise, imagine that
As surprises go today’s release of the Federal Reserve’s minutes from its January meeting doesn’t rank up there with Agatha Christie. (Remember 10 Little Indians? Where the murderer turns out to be someone who had earlier faked his own murder?) But...
What a difference a week makes for biotech stocks
Last week the biotech sector seemed in freewill. Bristol Myers Squibb (BMY) had made a deal to buy Celgene (CELG) at a whopping 54% premium to Wednesday’s close and the sector dropped on the news. The prevailing theory was that the deal removed one hungry big...
My second global warming pick is Jubak Picks member Xylem
Xylem (XYL) One of the “ironies” (for lack of a better word) of Global Warming is that it will put lots of water where many people don’t want it, and it will leave many regions that have enough water now thirsty, and it will threaten to turn many existing supplies of...
Pioneer authorizes huge increase in buyback program in note of confidence on cash flow
We all know that companies can authorize stock buybacks and never carry them out, but, nonetheless the big new buyback program authorized by Pioneer Natural Resources (PXD) is a significant sign that of the company’s confidence in its cash flow. (As well as an...
OPEC cuts production by more than expected–but markets are increasingly less impressed as the day advances
To the surprise of many, OPEC & Friends–what’s known as OPEC+–agreed to cut production by 1.2 million barrels a day beginning in 2019. This was a bigger cut than the 1 million barrels a day that commodity markets had expected. Oil prices and oil...
Market looks like it’s trying to force another Federal Reserve bounce
On a day like today–when U.S. stocks have resumed their downward plunge–the Standard & Poor’s 500 was off 1.91% as of 1:30 p.m. New York time and the Dow Jones Industrial Average was lower by 2.08%–it’s important to remember that the...
Oil gains on Trump-Xi “success, Russia-Saudi “deal,” and actual production cuts from Alberta
As of 2:30 p.m. New York time U.S. benchmark West Texas Intermediate was up 3.04% to $52.48 a barrel. International benchmark Brent crude gained 2.84% to break back above $60 a barrel at $61.15. Part of the reason for the gain is a general sigh of relief that the...
Incyte knocking on the door of a new upward trend after today’s 6% pop
Reports of results from the December 1-4 meeting of the American Society of Hematology continue to move biotech stocks. Today it was Incyte’s (INCY) turn. The company announced positive results for a Phase 2 trial evaluating Incyte’s Jakafi in combination...Jim’s Daily Email Alerts:
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