Update Silver Wheaton (SLW)
You really need a time line to figure out why Silver Wheaton (SLW) dropped by 7.9% yesterday, November 9. Start here overnight: Silver Wheaton announced third quarter earnings on November 8 after the New York markets had closed. The company beat Wall Street earnings...Update Ambev (ABV)
Every quarter I think that the run in shares of AmBev (ABV) might be over. After all the stock is up 42% in 2010 as of November 8. But then the company does something to surprise me. And I decide that it’s worth staying on board. This time, the company said on...Update Coach (COH)
Coach (COH) has successfully gone global. I think that’s the message in the September quarter results reported on October 26. The company ended its June fiscal 2010 year with 20% of the U.S. handbag market and a 16% market share in Japan. Sales doubled to $100 million...Update Cummins (CMI)
I’m starting to see a new pattern in third quarter earnings reports. Now to see if it continues through the end of earnings season. What’s the potential pattern? Companies that announce great earnings but that still don’t measure up to Wall Street expectations. The...Update Fortescue Metals (FSUMY)
Some movement this week in simplifying the complicated balance sheet of Fortescue Metals Group (FSUMY), the third largest iron ore mining company in Australia. The company’s stock climbed 7.8% on October 11 after Fortescue announced that it had signed a $2.04 billion...Update Maxwell Technologies (MXWL)
It looks like Maxwell Technologies (MXWL) is making a successful transition to a company built around its newer ultracapacitor BOOSTCap products. In a June 22 post on the company I wrote that 2010 marked a very important transition for the company. Maxwell really runs...Update ONEOK Partners (OKS)
As bad news goes, this isn’t a big dose of bad news, but it should be a reminder to investors looking for extra yield in today’s ultra-low yield environment that higher yields always come with higher risk. ONEOK Partners (OKS) is one of my favorites for getting a good...Update Vale (VALE)
Looking for a big shareholder friendly Brazilian commodities play? I’d look right past Petrobras (PBR) where the Brazilian government took a bigger stake in the company (48%) after the company’s $67 billion share offering last week to Vale (VALE), the country’s big...Update American Tower (AMT)
There’s no doubt that American Tower (AMT) is getting kind of pricy. Even after it beat Wall Street expectations for second quarter earnings. On August 3 the company reported second quarter earnings of 25 cents a share, five cents a share above Wall Street...Update Cummins (CMI)
Right now, for this point in the economic recovery, I’d much, much rather own capital equipment stocks than consumer stocks. As I noted in my post on September 24, report on orders for durable goods, corporate customer are buying capital goods to expand and upgrade...Update AmBev (ABV)
Shares of AmBev (ABV), the dominant beer maker in Brazil (69% market share), Argentina (76%), Bolivia (97%), Paraguay (96%), and Uruguay (97%), have been on a roll since the stock moved above its 50-day moving average on August 16. Shares are up 14% since August 13....Update Banco Santander (STD)
The fire sale goes on at Allied Irish Banks (AIB). On September 14 the company announced that it would sell its holdings in two Polish banks to Spain’s Banco Santander (STD). The deal will raise $3.2 billion for Allied Irish. Bank regulators have told Allied Irish,...Update Nokia (NOK)
It’s a first step, but only a first step. On September 10, Nokia (NOK) named Stephen Elop to replace Olli-Pekka Kallasvuo as president and CEO. In Kallasvuo’s four years at the top of the company, Nokia lost market share to Apple’s (AAPL) iPhone and other smart phones...Update Goldcorp (GG)
What you think of Goldcorp’s (GG) $3.4 billion bid for Andean Resources will depend on how impressed you are with Goldcorp’s track record valuing potential acquisition candidates. There’s no doubt that Andean Resources’ (ANDPF) Cerro Negro project in Argentina is an...Update Petrobras (PBR)
Disappointment on Petrobras (PBR). Although it’s disappointment that investors will ultimately get over. The government is charging Petrobras more than expected to buy 5 billion barrels of oil reserves. (Pre-transfer the company has proven reserves of 15 billion...Update Joy Global (JOYG)
Investors who bid up the price of construction machinery and mining equipment stocks in anticipation of Joy Global (JOYG) earnings announcement before the New York stock market opened on September 1 should be very happy with the company’s earnings report. (For more on...Update HSBC (HBC)
It’s by no means a done deal—nothing is in South Africa these days—but Nedbank, the South African bank majority owned by insurer Old Mutual (OML.L), is HSBC’s (HBC) deal to lose. HSBC beat out rival Standard Chartered (SCBFF.PK) for the right to hammer out a formal...Update Lan Airlines (LFL)
This deal is a huge expansion for Lan Airlines (LFL) that will turn Chile’s national airline into a truly South American airline. Lan will buy Brazil’s Tam (TAM) for $3.7 billion. Shareholders of Lan will own 70% of the combined company. (Tam will be delisted and the...Update Ctrip.com (CTRP)
It’s tempting to say that the 6% drop in Ctrip.com’s (CTRP) shares on August 10 after the company’s August 9 earnings report was just the usual selling on the news by momentum investors who are unhappy that the company only beat Wall Street estimates by 2 cents a...Update Vale (VALE)
(I’m ratcheting up my vacation a notch next week for my annual summer recharge of my batteries and taking Jubak Picks completely dark for a week or so until August 24. I will resume my regular posting schedule when I return.) What was most interesting about...Update Cummins (CMI)
Notice something about the U.S. economy? Consumer confidence is plunging like a stone—in July the consumer confidence index fell to 50.4. That’s down from the 54.3 (revised) reading for June and the lowest reading since February. But corporate customers are...Update Coach (COH)
(I’m on vacation until August 24. During that time Jubak Picks will operate on a reduced schedule of one or two posts a day. I will resume a full posting schedule after I return.) For a while the slowdown in North American sales—because of the U.S....Update HSBC (HBC)
Wait! A bank with too much capital? Hard to believe but analysts at UBS calculate that’s exactly the “problem” that HSBC (HBC) is likely to face over the next four years. UBS forecast that the bank’s Tier One capital ratio hit 10% by the middle of 2010 after...Update Petrobras (PBR)
(I’m on vacation until August 24. Until then JubakPicks.com will operate on a reduced schedule of one or two posts a day. I’ll resume the full schedule when I return.) Forget about news that Petrobras (PBR)–one of the stocks in my long-term...Update Ambev (ABV)
(I am on vacation until August 24. During that period JubakPicks.Com will operate on a reduced posting schedule of one or at most two posts a day.) The noose got a little tighter around Mexican brewer Grupo Modelo, Mexico’s largest beer maker. On July 12 the company...Update Potash of Saskatchewan (POT)
Listening to the Potash of Saskatchewan (POT) conference call today, July 29, I kept thinking that some one was going to yell, “Cue the plague of locusts.” In Russia grain production will fall by 20% because of drought, the company said. Canadian wheat production is...Update Teva Pharmaceutical Industries (TEVA)
It’s great earnings for the second quarter (announced on July 27) versus long-term worries for Teva Pharmaceutical Industries (TEVA) right now. With an assist from sell on the good news, long-term worries are winning at the moment. For the second quarter earnings...Update ASML Holdings (ASML)
I’ve been waiting to see what ASML Holdings (ASML) competitor Veeco Instruments (VECO) would report on July 26. ASML Holdings reported on July 14, the same day as Intel (INTC) and I didn’t want to up my target for ASML Holdings simply out of enthusiasm for Intel’s...Update Teva Pharmaceutical Industries (TEVA)
Shares of Teva Pharmaceutical Industries (TEVA) plunged almost 8.6% on Friday on news that a competitor Momenta Pharma (MNTA) had beaten Teva and would be the first company to get U.S. Food and Drug Administration approval for a generic version of Sanofi Aventis’...Jim’s Daily Email Alerts:
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