Selling Freeport McMoRan Copper and Gold out of Jubak Picks on valuation
Copper has rallied–again–to a new 10-year high and that has taken Freeport McMoRan Copper and Gold to $39.53 today, April 28, as of 3:50 p.m.. That’s above my target price in my Jubak Picks Portfolio of $34. So today I’m selling this position....
Selling Intuitive Surgical out of Jubak Picks as it holds above target price
A couple of posts ago, I said that I’d be looking to sell Intuitive Surgical (ISRG) out of my Jubak Picks Portfolio. The stock, added to this portfolio on February 15, 2021, had hit and then moved beyond my $860 a share target price after a stronger than...
Microsoft’s earnings report: When great isn’t good enough
Reporting after-hours today, April 27, Microsoft (MSFT) beat analyst expectations on revenue (reporting $41.7 billion versus a Wall Street forecast of $41.05 billion) and earnings per share (reporting $2.03 a share versus $1.78 a share.) And still shares fell by 2.62%...
Intuitive Surgical earnings surprise as recovery from pandemic faster than expected
Yesterday, April 20, after the market close Intuitive Surgical (ISRG) reported first quarter GAAP earnings of $3.51 a share, $1.47 a share above Wall Street estimates. Non-GAAP earnings of $3.52 were 89 cents a share above analyst expectations. Revenue for the quarter...
Taiwan Semiconductor says the auto chip shortage will be done by the end of the third quarter
Taiwan Semiconductor Manufacturing (TSM), the globes biggest independent chip foundry, said last week that it expects the chip shortage that has left automakers scrambling for silicon and cutting back production will be over by the end of the third quarter. Whether...
Apple event tomorrow expected to build on pandemic sales gains for iPad and (maybe) AirPod
At its “Spring Loaded” event tomorrow, April 20, Apple (AAPL) is expected to announce changes to its 11-inch and 12.9-inch iPad Pro models. Analysts expect that both models will include Apple’s new A14X chip and that the high-end iPad will come with a...
Market response to blow-out bank earning shows somebody is still paying attention to the fundamentals
JPMorgan Chase, (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) all blew away Wall Street earnings estimates when they reported first quarter results on Wednesday and Thursday this week. But with the exception of Wells Fargo, bank shares fell or...
Microsoft buys Nuance to strengthen AI position
Microsoft (MSFT) will buy speech-recognition pioneer Nuance Communications (NUAN) for $19.6 billion in cash. The move will speed Microsoft’s ambitions in the healthcare digital record keeping market. Microsofts goal is to use voice recognition technology to...
Nvidia jumps 5.62% today on upgrade to revenue forecast and news of its first microprocessor for servers
Nvidia (NVDA) announced its first microprocessor for the server market today, April 12. Right now Intel (INTC) owns around 90% of the market for server processors, where its chip works in tandem with a graphics chip from Nvidia to handle highly complex computing jobs...
Thinking of buying VW on its push into electric cars? But which class of VW shares? Here’s the one I’m buying tomorrow for my 50 Stocks Portfolio
You could buy VWAGY, trading today, April 5, at $37.00, up 4.27% or you could buy VWAPY at $29.27, up 2.92%. (A search for VW ticker will discover another 21 symbols on various European exchanges but for U.S investors these two ADRs are the major choices. Both are...
Watch my new YouTube video: “3 picks for earnings season”
I’m starting up my videos on again–this time using YouTube as a platform. The seventeenth YouTube video “3 picks for earnings season” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Apparently everybody decided today that tomorrow’s March jobs report will show accelerating economic growth
With the financial markets closed tomorrow for Good Friday, traders and investors jumped in to buy today ahead of what is expected to be a jobs report tomorrow morning showing unemployment dropping to 6.0% (by the official measure) from 6.2% in February. The Standard...
It’s just a proposal but Biden administration’s plan argues for adding wind power stocks right now–here are five picks
Today, May 29, the Biden administration announced an ambitious plan to expand wind farms along the East Coast. The goal would be to see the United States produce 30 gigawatts of offshore wind power by 2030. That’s just a little ambitious since U.S. offshore wind...
Adding ASML to Jubak Picks and 50 Stocks portfolios on Monday, March 29
In my Trick or Trend post on my subscription JubakAM.com site on Saturday, March 27, I argued that the increasingly serious chip shortage experienced by car makers was bad for car stocks (since car companies are having to cut production), but good for chip makers who...
Fed to end restrictions on bank dividends, share buybacks at end of June
U.S. banks that pass their next stress tests will allowed to raise their dividends after June 30, the Federal Reserve said yesterday, March 25. The Fed will also lift any remaining restrictions on stock buybacks. Limits on dividend payouts to investors and share...
Disney postpones release of Black Widow in movie theaters–what does that tell us about the post-vaccine economy?
A couple of weeks before Christmas, Disney (DIS) decided that the pandemic coast would be clear enough by May for it to send Black Widow, the next Marvel universe potential blockbuster–to movie theaters in May. Not so far, the company has now decided. With rates...
Let my 15% gain ride–raising my target price for MGM Resorts in my Jubak Picks Portfolio to $48
Shares of MGM Resorts International (MGM) are up 15.16% since I added them to my Jubak Picks Portfolio on February 11, 2021. I don’t think the gains are done for this casino and hotel stock. Today I’m raising my target price to $48 a share from the current...
Selling Marvell Technology Group out of Jubak’s Picks tomorrow with 20% gain
Today, March 15, shares of Marvell Technology Group (MRVL) closed at $48.08, slightly above my target price of $48 a share. In this very volatile market for technology stocks, I’m going to take my almost 20% profit (19.90% to be exact) and sell these shares out...
Doing a little selling to raise some cash for potential bargains: Selling Invesco Yen ETF, JD.Com, and Vanguard Treasury ETF
Let’s be clear. I don’t have any idea of when the current selling in technology and high-valuation growth momentum stocks will end. It does seem likely to me, even after the March 9 bounce, that the rotation into cyclicals, vaccine recovery stocks, and...
Buying Marvell Technology Group in my Jubak Picks Portfolio
While the NASDAQ Composite and Standard & Poor’s 500 were flirting with a correction on Thursday, March 4, Marvell Technology Group (MRVL) has moved into its own better than 10% drop in just the last week. The stock is down 13.89% in the last week as of the...
Keeping Palo Alto Networks with a big boost to my target price
After the close on Monday February 22 Palo Alto Networks (PANW) reported a loss of $1.42 million (or $1.48 a share) on revenue of $1.02 billion million for the company’s fiscal second quarter. Adjusted earnings–which exclude share-based compensation and...
Stocks bounce back as bond prices take a breather and yields fall slightly
As of 2 p.m. New York Time today, March 1, the Standard & Poor’s 500 was up 2.57% and the Dow Jones Industrial Average was higher by 2.30%. The NASDAQ Composite had climbed 2.80% and the NASDAQ 100 had gained 2.83%. The small cap Russell 2000 had added...
Watch my new YouTube Video: 5 Picks for the next 6 months
I’m starting up my videos again–this time using YouTube as a platform. The twelfth YouTube video “5 Picks for the Next Six Months” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Jubak Picks recommendation Applied Materials blows out the quarter and raises guidance
Given how strong the earnings beat was for the last quarter and how big the increase in guidance was for the next quarter from Applied Materials (AMAT) after the market close last night (February 18) today’s stock gain of 5.19% was actually rather modest. For...
Intuitive Surgical Pick #10 for my new Millennial Portfolio (for investors who have more time than money); also adding it to Jubak Picks
In my first 10 (actually to be 11 since I’ve got another pick up my sleeve today) picks for my new Millennial Portfolio (for investors who have more time than money) on my subscription site JubakAm.com I’ve been on the hunt for shares of companies with...
MGM Pick #9 for my new Millennial Portfolio (for investors who have more time than money) on my JubakAM.com site; also adding to Jubak Picks on this site
I’m taking advantage of today’s drop in shares of MGM Resorts International (MGM) after yesterday’s earnings report to add these shares to my new Millennial Portfolio. The stock dropped on bad pandemic performance from the company’s Las Vegas...
FCX hold: Mixed signals still add up to plus
Back on January 26 copper miner Freeport McMoRan (FCX) dropped sharply–down 6.5%–when the company lowered guidance for production in 2021. For 2021 Freeport McMoRan expects sales of 3.8 billion pounds of copper and 1.3 million ounces of gold. In October...
Accepting what we don’t know (what no one knows) about prices in this market
I looked at my Jubak Picks Portfolio with more than a tinge of seller’s remorse this morning. I sold shares of First Majestic Silver (AG) out of that portfolio on Friday, January 29, after the stock rose 21.38% on Thursday. That gave me a gain of 45.52% since I...
Nektar should be climbing but this fast?
Nektar (NKTR) is another one of those stocks that looks to be moving up more strongly right now than the relatively sparse news would explain. Shares of this biotech are up 18.96% in the last week and 24.37% for the last 3 months. I can see a stream of positive news...Jim’s Daily Email Alerts:
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