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...
The tech ETF is actually Apple and Microsoft and a bunch of little guys
The Technology Select Sector SPDR ETF (XLK) may indeed follow the technology sector of the Standard & Poor’s 500 stock index. But don’t expect much in the way of diversification from the ETF. The latest figures on Yahoo Finance show that 19.55% of the...
So how’s my “Tech is back” call (and picks of SWKS and CRUS) doing?
On October 8 I wrote “Tech is back” led by fact-based speculation that Apple (AAPL) had asked supplier to increase production of components for the iPhone 11 by 10%. That, obviously, was a good sign for Apple, which is set to announce earnings on October...
Emerson Electric moves gradually higher on private equity speculation
On the surface the creeping improvement in the price of Emerson Electric (EMR) shares seems odd. The company is a powerhouse in process manufacturing–you know industrial automation, industrial control and safety, and the Internet of Things. And those...
Adding Taiwan Semiconductor Manufacturing to JubakAM.com Special Report 10 Long-term Picks for a Short-term Market as Pick #6 and to my long-term 50 Stocks Portfolio
It’s hard to get a handle on exactly how big the market called the Internet of Things will be. Bain Capital sats $520 billion by 2021. McKensey, another consulting company, says $11 trillion by 2021. The huge difference is a result of 1) what these...
Two strikes and it’s time to sell Tyson out of my 50 Stocks Portfolio
Ok, one lawsuit/investigation/class action action against a company is bad news, usually, for a stock. Two, though? Time to say, Move along. Especially when the company in question shows a remarkable ability to keep getting sued for the same practices. Back in April...
McDonald’s announces test of Beyond-Meat-based PLT
We knew this one was coming, right? Today, McDonald’s (MCD) announced that it would begin a test of the PLT, the plant, lettuce and tomato burger, for 12 weeks in 28 restaurants in south-western Ontario. The move mirrors but trails (by six months) the...
Selling Pfizer out of my Dividend Portfolio tomorrow on Dem’s proposed drug-pricing bill
Why introduce legislation that will dead on arrival in the Republican controlled Senate? Because House Speaker Nancy Pelosi and other Democrats know that controlling drug prices is extremely popular with voters. And a proposal that is a serious effort to lower drug...
Barrick Gold at the junction of positive macro and micro trends; raising my target price
It’s by no means a guarantee of gains, but owing shares of a company that is riding the wave of positive macro and micro trends does indeed usually result in solid profits. On the macro side, Barrick Gold has global trends pointing toward toward higher gold...
Riding the Popeye’s chicken sandwich higher; raising target price for Restaurant Brands International
Today I’m raising my target price for Restaurant Brands International (QSR) because I think the new Popeye’s chicken sandwich has legs. A social media storm has accompanied the introduction of a new chicken sandwich at Popeye’s to compete with...
A deep dive into Exxon Mobil financials shows where even the big oil majors are vulnerable
On Monday, August 19, Â I posted a deep dive into the financials at Concho Resources (CXO) to illustrate some of the pressures weighing on the stocks of oil shale producers. Now Exxon Mobil (XOM) is a very different kind of oil company. It’s diversified globally....
Apple sketches in September product launches–will they be enough?
Two big clouds of doubt hover over shares of Apple (AAPL). First, will the continuing U.S.-China trade war take another bite out of Apple’s China revenue? And/Or disrupt Apple’s China supply chain, saddling the company with higher tariffs on its made in...
Step #1 (of 5) to get your portfolio ready for the Next Big One–Special Report update
Last night on my JubakAM.com subscription site I added Step #1 to my Special Report 5 Is Your Portfolio Ready for the Next Big? The post below is a cut and paste of the material I added to the Special Report. I’m posting it separately here to make it accessible...
Nektar’s plunge is a buying opportunity–so I’m adding more to my Volatility Portfolio
What we know about Nektar Therapeutics (NKTR) is pretty clear. On Thursday of last week, August 8, trading in shares of Nektar were halted on news from the company had manufacturing problems that resulted in some patients enrolled in the clinical trials for the...
SolarEdge Technologies hits all time high on earnings beat, raising my target price in my Picks portfolio
Wednesday, August 7, SolarEdge Technologies (SEDG) reported second quarter revenue of $325 million, up 43% from the second quarter of 2018 and ahead of analyst projections of $315.5 million in revenue. Adjusted earnings rose 15% year over year to 94 cents a share,...
Justice Department to step up antitrust scrutiny of Facebook, Alphabet, Amazon and Apple
According to the Wall Street Journal this afternoon, the Justice Department is opening a broad antitrust review into whether dominant technology firms are unlawfully stifling competition. “The new antitrust inquiry is the strongest signal yet of Attorney General...
Market rally today expands on last week’s “Microsoft rally”
Technology stocks drove the market higher today in an expansion of last week’s subdued but important “Microsoft rally” on that company’s earnings. With earnings from Facebook (FB), Alphabet (GOOG), and Amazon (AMZN) on tap on Wednesday and...
Using softness to add more Treasury exposure to Volatility Portfolio–maybe you should be adding Treasuries too
Treasury prices have been a little weak over the last two weeks. As a consequence the Vanguard Intermediate Term Treasury ETF (VGIT) and the Vanguard Short Term Treasury ETF (VGSH), for example, have dropped from highs on June 25 of $66.03 and $60.94, respectively, to...
Adding China Mobile to my 50 Stocks Portfolio
Recently in my Special Report on Disrupted Sectors on the coming 5G disruption to the telecom and Internet space on my subscription JubakAM.com site, I noted that China would be relatively early to roll out 5G capacity and handsets and that because of that timing and...
In the shortish short term does anything matter for U.S. financial markets except for the Fed?
Think about it this way: The bulk of investors and traders believe that the Federal Reserve will cut interest rates at both the July 31 and September 18 central bank meetings. A significant minority believes that the Fed will deliver more than just two 25 basis point...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!