Bet you’ve forgotten: Earnings season starts next week with the big banks
What with everything going 0n, I wouldn’t be surprised if the start of earnings season next week has slipped your mind. Reports of fourth quarter earnings are actually fairly important this year because stocks trade near all time highs and estimates say that...
iPhone sales in China show double-digit growth in December
Apple’s iPhone shipments in China grew 18.7% year over year in December to roughly 3.18 million units, according to Bloomberg. (Bloomberg’s calculations are based on data from the China Academy of Information and Communication Technology, a government...
Here’s why I made Johnson Controls #9 in my 12 Bargain Stock Picks NOW
Today, January 8, I made Johnson Controls stock pick #9 in my Special Report: 12 Bargain Stock Picks NOW on my JubakAM.com subscription site. If you haven’t looked at Johnson Controls in a while, but you used to follow the stock, today even a glance will show...
Market says U.S.-Iran crisis is over–for a day, anyway
After last night’s Iranian attack on the U.S. troops stationed at two Iraqi airbases and a relatively restrained morning message from U.S. President Donald Trump, financial markets have decided to take profits in oil and cybersecurity stocks today. And wait for...
Norway’s Equinor oil company invests in Bill Gates’ cobalt mapping startup
Norwegian oil company Equinor (EQNR) has decided to take a 10% stake in start-up Kobold Metals. Kobold’s aim is to apply artificial intelligence to big subsurface data to create what it calls a “Google Maps” of the Earth’s crust that will...
Oil is up but cyber security stocks up more on Iran crisis
As of 2 p.m. New York time today, January 6, U.S. crude benchmark West Texas Intermediate was up 0.17% to $63.16 a barrel. Â International benchmark Brent crude was ahead 0.34% to $68.83 a barrel. Both increases came on worries that Iran’s retaliation for the...
U.S. consumers deliver the sugar plums for holiday shopping
Amazon (AMZN) reported today, December 26, that the holiday shopping season broke records for the company this year. Among other high-lights five million new customers started Prime free trials or paid memberships globally, and the number of items delivered with...
Lions Gate Entertainment up 8.27% today on Comcast news
Comcast NBCUniversal and Lions Gate Entertainment (LGF-A) have settled their differences. Comcast (CMCSA) will continue to carry Lions Gate’s STARZ and STARZ Encore channels on its Xfinity TV platform nationwide and NBCUniversal’s Peacock streaming service will...
Danaher and Nvidia get European Union approval for big acquisitions
Looking at the history of intense scrutiny and strict conditions for winning approval, no U.S. technology company can take approval from European Union regulators on a big deal for granted. That’s why the news from regulators on acquisitions planned by Danaher...
Adding General Motors to my Jubak Picks Portfolio
Yesterday, December 16, I made General Motors (GM) Bargain Pick #7 in my Special Report: 12 Bargain Stocks Picks NOW. (That Special Report is available to subscribers to my JubakAm.Com paid site.) And I also added it to my Jubak Picks portfolio. On the bargain front,...
Service Master: Another global warming stock pick for my long-term 50 Stocks portfolio
There I was minding my own business reading “Invasive termites in a changing climate: A global perspective” by Grzegorz Buczkowski and Cleo Bertelsmeier (of Purdue University and University of Lausanne, respectively) Â when I got to the maps and a stock...
Dividend Portfolio member Grupo Aeroportuario del Pacifico up on USMCA news and November traffic
It certainly didn’t hurt that House Democrats have agreed to support the revised U.S.-Mexico-Canada trade deal, and to put it to a vote before the end of this session of Congress on December 20. But neither did Grupo Aeroportuario del Pacifico’s (PAC)...
Here’s how to think about Danaher’s offer to exchange shares for the Envista spin off
Danaher (DHR) has announced an exchange offer for shares of Envista Holdings (NVST), the dental services and supplies company recent spun off from Danaher. After Envista’s September IPO Danaher still held 80.6% of Envista shares. The exchange offer would allow...
Lionsgate UK deal with Amazon raises speculation on a U.S. deal for studio’s content
Amazon (AMZN) Â and Lionsgate (LGF/A) have struck a deal that will put Lionsgate’s newest releases on Amazon’s streaming platform. The multiyear deal that begins on January 1, 2020, will give Amazon subscribers access to current box-office star Knives Out...
The squeeze on the U.S. shale patch just keeps getting worse–selling Cheniere Energy out of my long-term 50 Stocks Portfolio
The second quarter of the year is, historically, the weakest quarter for global demand for natural gas. That’s not a good forecast since the global glut of natural gas has already gotten so large that U.S. exporters of liquified natural gas have no place to send...
Selling Synaptics out of my Jubak Picks portfolio tomorrow
When Synaptics (SYNA) traded at $40 I though the shares were undervalued. At $60 I think they’re close to full value. My target price on the stock is $64 and the shares closed at $58.51 today, up 2.94% on the day. Tomorrow I’m going to take advantage of...
Can’t anybody run a streaming service? Netflix joins the Disney glitch parade
Netflix (NFLX) customers couldn’t log in to their accounts for about two hours on Thursday morning. Downdetector.com recorded more than 1,000 companies in the first hour. This follows on a much more serious service disruption suffered during the launch of...
At least someone wants to buy TD Ameritrade–can we say the same for Citibank?
Interesting column by Matt Levine on Bloomberg Opinion today. In the piece “Schwab Broke Ameritrade to Buy It” he points out that the acquisition bid from Charles Schawb (SCHW) today to buy TD Ameritrade (AMTD) for a reported $26 billion comes after...
iPhone sales up in China continuing Apple revenue momentum
Apple (AAPL) shipped 10 million iPhones in China during September and October, according to Bloomberg. That would be an increase of 6% from the same period in 2019. The projections add to speculation that sales of the iPhone 11 are running ahead of Wall Street...
Nvidia climbing with chip rally, keeping as Jubak Pick
After the close on November 14 Nvidia (NVDA) announced fiscal third quarter 2020 quarterly earnings of $1.78 a share, 20 cents a share above the Wall Street consensus. Revenue of $3.10 billion was $92.21 million above projections. Chip stocks are currently among the...
Disney hits new record price on launch of streaming service
The bad news is that 10 million customers tried to sign up for Disney+ on Tuesday, intermittently crashing the website for Disney’s (DIS) new streaming service. The good news is that 10 million customers flocked to the newly launched streaming service and by Day...
Tech stocks acting like they’re good to rally to the end of the year
I’m using my Volatility Portfolio pick Cirrus Logic (CRUS) as an indicator of the trend in technology stocks–particularly chip stocks–through the end of 2019. (I track this portfolio on my subscription sites JubakAM.com and JugglingWithKnives.com.)...
Apple beats on earnings per share and raises holiday quarter forecast
After the close today Apple reported fiscal fourth quarter revenue of $64 billion. That was up from $62.9 billion in the fourth quarter of fiscal 2018 and above the $63 billion consensus forecast from Wall Street analysts. Net income dropped to $13.7 billion from...
Merck continues to ride cancer drug Keytruda higher
Shares of Merck (MRK) closed up 3.50% today, October 29, after the company reported better than expected third quarter earnings. On a Non-GAAP basis earrings of $1.51 a share beat the Wall Street consensus by 27 cents a share. Revenue of $12.4 billion fell 6.7% year...
What are the implications for FinTech disruption from Visa’s earnings?
It’s not exactly a ringing endorsement but it was enough to send share prices higher in after-hours trading by 1.1% on Thursday and by 0.8% in regular trading on Friday. Visa (V) earnings for the fiscal fourth quarter were better than expected. The company...
Implications of McDonald’s earnings miss
On October 22 McDonald’s (MCD) reported third quarter earnings of $2.11 a share. That was a big 11 cents a share below Wall Street expectations. Revenue of $5.43 billion for the quarter was up just 1.1% year over year and $40 million below Wall Street consensus....
An Amazon quarter disappoints but not for the usual reasons
You know what an “Amazon quarter” feels like right? Lots of revenue growth but no earnings as capital spending eats profits? Well, that’s sort of what the company delivered today. But not quite. And the not quite is important. Usually an Amazon...
Microsoft’s earnings beat last night sets up Amazon and Apple earnings to come
Last night, October 23, after the market close, Â Microsoft (MSFT) reported earnings and revenue beats for its fiscal first quarter. Revenue climbed 14% year over year, beating Wall Street forecasts by $860 million. Earnings of $1.38 a share exceeded Wall Street...
Warfare in the cloud as Microsoft and Amazon report earnings this week
This week brings an earnings “showdown” between Microsoft (MSFT) and Amazon (AMZN) in the cloud space as the two companies report earnings only a day apart (on Wednesday October 23 for Microsoft and Thursday October 24 for Amazon.) Microsoft’s cloud...Jim’s Daily Email Alerts:
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