Market sees fourth quarter GDP slowdown as good news
U.S. GDP growth slowed in the fourth quarter, gaining just 1% from the third quarter. For the full year the U.S. economy contracted by 3.5%. That makes 2020 the first time that the economy has contracted for a full year since 2009 and the Great Recession. At the...
Microsoft blows away analyst earnings projections after close today; Apple and Facebook report tomorrow
Microsoft (MSFT) reported its earnings for the company’s fiscal second quarter 2021 earnings today, Tuesday, January 26, after the close. Revenue of $43.1 million easily beat Wall Street projections of $40.2 billion. Earnings per share of $2.03 crushed...
Nidec tacks on 7.69% gain today on updated annual forecast and new buyback plan
Nidec (NJDCY) shares gained another 7.69% today, after the maker of electric motors for hard drives, robots, and electric vehicles, raised its annual outlook for the fiscal year that ends on March 31. The new outlook forecasts operating income of 155 billion yen ($1.5...
Adding Applied Materials to my Jubak Picks Portfolio on chip shortage
As I noted in my January 13 video “4 picks for the chip shortage,” investors are looking at shortage of silicon chips that has hit the auto industry especially hard and that argues for a multi-year increase in capital spending to expand chip production at...
50 Stocks Portfolio member TSM reports record quarterly revenue on 5G iPhone demand
Today, January 8, Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, reported December sales that translate into record quarterly revenue with estimated sales in the quarter climbing to $12.9 billion (361.5 NT$). (The company...
I’m adding shares of SMOG to my Jubak Picks Portfolio tomorrow
The stock market rally that started so strong this morning as Democrats, surprisingly, rode to victory in both Georgia Senate races, took a big step backwards as the day wore on with scenes of rioters roaming the hall of Congress in an effort to overturn the November...
2020 was a great year for dividend stocks: my Dividend Portfolio showed a return of 15.71% for 2020
It’s unusual, to say the least, to have a dividend portfolio match the returns on the Standard & Poor’s 500–especially in a year when the S&P 500 was setting an all time high–but that’s what happened in 2020. My Dividend Portfolio...
Adding copper miner Freeport to Jubak Picks Portfolio tomorrow
Commodities have soared on prospects for a post-coronavirus vaccine economic recovery. And copper is one of the best commodities to own in order to in the recovery of the global economy–and especially the growth in the Chinese economy–as the coronavirus...
Reminder: Today is the deadline for selling to take tax losses in 2020
Sell today if you’re looking to sell to generate tax losses for 2020. After today, December 29, you can still sell but the losses will count for the 2021 tax year. Remember you can rebuy any stocks or other financial assets you sell to generate a 2020 tax loss...
Corning picks up sales/ margin gains from supply crunch in high-tech glass
“While Corning (GLW) shares have rallied, we believe that a ‘stronger for longer’ consumer trend augurs well for underlying demand drivers in Corning’s business segments exposed to consumer electronics, with further tightening in the glass supply demand environment...
Publication of FDA review shows Pfizer vaccine almost certain to get emergency use authorization on Thursday
A 53-page review published as a Food & Drug Administration briefing document today confirms that the vaccine from Pfizer (PFE) and BioNTech (BNTX) meets the agency’s standards for emergency use authorization. The briefing document is the result of two weeks...
Adding Citigroup to my Dividend Portfolio as 7th pick in my JubakAM.com Dividend Stocks Special Report
Let’s follow the template from Omnicom, my previous dividend pick, okay? The dividend yield on Citigroup is 3.48% against the five-year average yield of 1.96%. The current price-to-earnings ratio is 10.03 versus the five-year average of 10.17. The current price...
Buying Omnicom, the first of my post-vaccine dividend picks in my JubakAM.com Special Report, for my Jubak Picks Portfolio today
I started my research on this dividend indicator by comparing the current yield with the historical yield on the stock. For example, as I’ve noted in my Special Report Omnicom Group (OMC) currently pays a forward yield of 4.00% on its closing price of $64.99 on...
Eversource is my fifth utility pick in my Special Report on dividend stocks (on my JubakAM.com subscription site)–I added it to my Jubak Picks portfolio on Monday
Eversource Energy (ES) pays a 2.65% dividend but I’m adding it on Monday, December 7, not to my Dividend Portfolio but to my Jubak Picks list. Why’s that? Because of the high potential for capital gains–above the dividend payout–from this stock...
Pfizer’s warning on logistics difficulty in delivering vaccine stalls stocks at end of trading
Pfizer (PFE) stock tumbled Thursday after the company reportedly slashed its expectations for coronavirus vaccine deliveries in 2020 due to supply-chain issues. “Scaling up the raw material supply chain took longer than expected,” a company spokeswoman...
China’s economy grows faster than expected in November
China’s official Purchasing Managers Index for Manufacturing rose to 52.1 in November. The was up from 51.4 in October. And beat the 51.5 median estimate from economists surveyed by Bloomberg. The index for the non-manufacturing sector climbed to 56.4 in...
Nevada puts new coronavirus restrictions on Las Vegas casinos–but so far MGM Resorts stock gains
Saying on Sunday that the coronavirus surge in Nevada is running at wildfire levels, Governor Steve Sislak announced new restrictions to start on Tuesday and that will run for three weeks. The new rules will require casinos, amusement and theme parks, arcades, bars,...
Adding Duke Energy to my Dividend Portfolio
On the night of November 18, I made Duke Energy (DUK) my second pick in my Special Report: “Dividend Stocks that are beating the Risky Rockets” on my JubakAM.com subscription site. On November 19, I added these shares to my Dividend Portfolio. Duke Energy...
Why buying CVS Health now is worth the risk of some market volatility–the 3.57% dividend helps
On October 27 I made CVS Health (CVS) one of my “10 Stocks for a post coronavirus world” on my JubakAssetManagement.com subscription site and declared that it was the only one of the first group of five stocks that I’d buy now–even though the...
Nidec looks to expand its European market share in EV motors with new plant in Siberia
Can’t say Nidec (NJDCY) isn’t ambitious when it comes to expanding its share of the market for motors for electric vehicles in Europe, which has become along with China one of the world’s top markets for electric vehicles. The Japanese company, based...
Autoliv beats on prospects for global auto recovery–but I think you’ve got better stocks to play this trend
Autoliv (ALV) reported third quarter earnings per share of either $1.48 (non-GAAP) or $1.12 (GAAP). (GAAP is generally accepted accounting principles.) That consensus was $1.09 a share on Wall Street. Revenue of $2.04 billion was in line with expectations and up 0.5%...
Danaher blows out earnings again–raising target price
Shares of Danaher (DHR) were up just 3.28% today. I say “just” because the company delivered a blow out earnings report today. Danaher reported adjusted earnings of $1.72 per share on $5.88 billion in sales for its third quarter. Analysts had expected...
Buying Nvidia today for my long-term 50 Stocks Portfolio
On October 15 I noted that the hike in revenue guidance from Taiwan Semiconductor Manufacturing (TSM) on huge demand for its chips in AI and gaming (among other sectors) was good news for gaming, AI, and data center leader Nvidia (NVDA.) And I hinted at buying shares...
Ericsson goes into tomorrow’s earnings riding a lot of momentum
For the second quarter Ericsson (ERIC) reported a 43% positive earnings surprise. Could the company surprise again tomorrow? Analysts are looking for the company to report third quarter earnings on October 21 of 16 cents a share. That would be a huge improvement of...
Pfizer says it will be ready to file for an emergency use application for its coronavirus vaccine by the third week in November
In a public letter Pfizer (PFE) CEO Albert Bourla wrote that the company hopes to have initial data from its Phase 3 clinical trail of a coronavirus vaccine by the end of October and that it will wait until the third week in November to file an emergency use...
Taiwan Semiconductor Manufacturing raises 2020 revenue forecast again
Taiwan Semiconductor Manufacturing (TSM) reported earnings of 90 cents per American depositary receipt today on sales of $12.14 billion for the company’s September quarter. Net income climbed 36% year over year. Analysts had expected the company to earn 81...
Catching up on my October 5 buy of Twilio
This is something of a catch up post. On October 5 I added Twilio (TWLO) to my Jubak Picks and Volatility portfolios. I announced that buy in a post on October 2 and then again in my Special Report: “Your Investing Guide for the Next 6 Dangerous Stock Market...
Adding Southern Copper with its 3.33% dividend to the (what else?) Dividend Portfolio
In my just completed Special Report: “Your Investment Guide for the Next 6 Dangerous Stock Market Months” on my JubakAM.Com site I wrote that I’d look to add some coronavirus recovery stocks to my portfolio during weakness in the November time...
Oil prices stall as Norway settles oil workers strike
Even as Hurricane Delta bears down on the Gulf Coast, oil prices fell today on news that oil workers in Norway had settled a strike that had shut down about 8% of the country’s production. The settlement will restore production at six fields already shut down by the...Jim’s Daily Email Alerts:
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