Update Yara International (YARIY)
Do Norwegian’s grin? Surely that was a trickle of a smile at Yara International’s (YARIY.PK) annual update for investors on December 10. The Norwegian fertilizer company reported that the nitrogen fertilizer market was headed for demand-driven price increases...Update Encana (ECA)
EnCana (ECA) formalized its split into two companies when it began trading as EnCana (ECA) and Cenovus Energy (CVE) on the New York Stock Exchange on December 9. Shareholders in EnCana received one share of the new EnCana and one share of Cenovus for each share of the...Update State Street (STT)
Jubak Picks 50 portfolio member State Street (STT) is gradually finding its way back to its core business of collecting fees for managing assets that belong to others and away from an ill-fated build up of its own investment portfolio. At the height of that past...Update Accor (ACRFF.PK)
In a very controversial vote Accor’s (ACFF.PK) board of directors voted on December 15 to split the company. The issue will go to a vote by shareholders no earlier than June 2010 and no later than the end of the year. The board’s vote would split the company into two...Update Maxwell Technologies (MXWL)
I hate it when this happens: A perfectly good growth stock gets adopted by momentum investors. It soars in the days before the company issues earnings on the hope that the good news already in the stock price will turn into great news in the quarterly report. When it...Update Thompson Creek Metals (TC)
On November 5 Thompson Creek Metals (TC) reported third quarter earnings of 14 cents a share, 3 cents a share above the Wall Street consensus, and revenue of $114 million, well above analyst projections of $90 million. The upside came from lower costs at just $5.67...Update Middleby (MIDD)
On November 10 Middleby (MIDD) reported third quarter earnings of 83 cents a share, four cents a share better than Wall Street projections, but still 19% down from the third quarter of 2008. Revenue fell 7.5% from the third quarter of 2008. At $154 million revenue was...Update Yara International (YARIY.PK)
Yara International (YARIY.PK) reported stinko revenue and earnings numbers for the third quarter of 2009 on October 21. Net income per share, for example, fell by a little more than 88% from the third quarter of 2008. So this was exactly the kind of kitchen sink...Update Burlington Northern (BNI)
Unless you’ve been asleep since Novembr 2, you know that on November 3 Warren Buffett offered to buy railroad Burlington Northern (BNI), a member of the Jubak Picks 50 portfolio, for $100 a share in cash and Berkshire Hathaway stock. I don’t anticipate...Update Transocean (RIG)
No real surprises in the third quarter earnings reported by Transocean (RIG) on November 4. The company continued to stack jack-up rigs as that segment of the offshore drilling market showed continued weakness. Deep water activity continued to heat up in the waters...Update Cisco Systems (CSCO)
Cisco Systems (CSCO) reported earnings of 36 cents a share for its fiscal first quarter of 2010 after the stock market close on November 4. Both earnings—by 5 cents a share—and revenue—by $126 million—beat the consensus Wall Street estimates. However, revenue fell by...Update ING (ING)
When the reason you bought a stock no longer applies, you sell. Knowing what I know today, I will sell ING (ING) out of the long-term Jubak Picks 50 portfolio on the annual revision of that portfolio in December. (By the rules of this portfolio, I only buy and sell...Update Potlatch (PCH)
Not good but stabilizing. I think that’s the best way to describe Potlatch’s (PCH) third quarter earnings reported after the market close on October 26. Log prices remain low but, the company says, are stabilizing. Sales of higher, better use land—timberland that’s...Update Bunge (BG)
On October 22 Bunge (BG) reported disappointing revenue for the third quarter of 2009, missing Wall Street estimates by $900 million. And then the company guided Wall Street to expect earnings of just $3.10 to $3.50 for the full 2009 year instead of the $4.69 analysts...Update Corning (GLW)
If you’ve owned Corning (GLW) shares for any length of time like I have, you’re familiar with this balancing act: Great long-term prospects push up the stock while short-term worries push it down. That’s exactly what investors got in the market reaction to Corning’s...Update Johnson Controls (JCI)
You certainly can’t say that Johnson Controls (JCI) has turned the corner. But it does look like the corner is in sight. Before the market opened on October 27 Johnson Controls reported earnings of 52 cents a share for the company’s fiscal fourth quarter of 2009. That...Update Verizon (VZ)
Third quarter earnings, announced before the open on October 26, should be a reminder of why I added Verizon (VZ) to my Dividend Income portfolio (https://jubakpicks.com/2009/10/09/my-dividend-stock-portfolio-income-and-less-risk-too/ ) on October 9 rather than to any...Update Microsoft (MSFT)
When I added Microsoft (MSFT) to Jubak’s Picks on July 24, 2009 after the company announced results for its fiscal fourth quarter, I wrote “This is as bad as it gets.” After its October 23 earnings release the company is now saying the same thing. In the post-earnings...Update Transocean (RIG)
When it comes to offshore oil and gas drilling rigs, it’s a tale of two markets. The market for jack-up rigs and shallow water semisubmersibles, the types of rigs used in relatively shallower water, is still taking beating. For example, in its latest fleet status...Update Google (GOOG)
Google’s (GOOG) good earnings news is an indicator of something, but just what? On October 15, after the market close, Google reported earnings of $5.89 a share, 47 cents a share above the consensus estimate of $5.42. Revenue, after traffic acquisition costs,...Update Market Vectors Brazil ETF (BRF)
The fundamentals are improving in Brazil–but right now it’s global cash flows that are driving emerging market stocks. In the long run I want Brazil in my portfolio because of those improving fundamentals . In the short run I want to own Brazilian stocks...Update Johnson Controls (JCI)
I’m actually surprised (and maybe a little disappointed since I’m still building my position in these shares) that Johnson Controls (JCI) fell only 2.4% after issuing disappointing guidance on October 13. The company told Wall Street analysts that it will...Update PepsiCo (PEP)
Before the stock market opened on October 8, PepsiCo (PEP) reported third quarter earnings of $1.08 a share (5 cents above Wall Street projections) and revenue of $11.08 billion. The earnings number was 5 cents a share above Wall Street earnings estimates, but the...Update Microsoft (MSFT)
Everybody seems to agree that Windows 7 will boost sales at Microsoft (MSFT). The disagreements are over by how much and when? The software, a favorably reviewed replacement for Microsoft’s widely reviled Vista operating system, goes on sale on October 22. The...Update Yara International (YARIY)
The just-ended and about to be reported third quarter is shaping up as Yara International’s (YARIY) kitchen-sink quarter. Order volumes for 2010 have picked up but prices, in many cases set way back in June, are still low. Yara, a Norwegian fertilizer producer and the...Update PepsiCo (PEP)
Is the stock market entering a more defensive phase with “safe” sectors such as consumer goods set to outperform for a while? Looks like it to me on the recent data on which sectors have turned hot and which are cooling off. (See my October 1 post...Update Cisco Systems (CSCO)
On October 1 Cisco Systems (CSCO) announced an offer to buy video conferencing leader Tandberg for $3 billion in cash. This is exactly the kind of new economy deal-making that drove me to add Cisco Systems to Jubak’s Picks on September 25. The deal, which has been...Update Fortescue Metals Group (FSUMF.PK)
Fortescue Metals Group (FSUMF.PK) announced on September 30 that a proposed $6 billion financing deal with Chinese investors had fallen through. That hasn’t helped the stock price. I sold Fortescue Metalsout of my 12-18 month Jubak’s Picks portfolio on...Update Maxwell Technologies (MXWL)
I’m going to keep Maxwell Technologies (MXWL) in my Jubak’s Picks portfolio. Just when the stock hit my $18 target price (a little early since that was the target for March 2010), the company announced a huge win in the automotive market. So I’m raising my target...Jim’s Daily Email Alerts:
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