August 27, 2018 @ 6:56 pm | ALV, Breaking News, Jubak Picks Portfolio |
If you’re looking for a reason for U.S. stocks to keep climbing from current highs, this morning’s event at the White House is a big deal. President Donald Trump announced that the U.S. and Mexico have reached a bilateral trade agreement that would replace...
August 24, 2018 @ 3:56 pm | Breaking News, INCY, Jubak Picks Portfolio, Update |
I am on vacation until August 26. I am using that downtime to catch up on some of the earnings reports I missed during the very busy second quarter earnings season. On July 30 Incyte (INCY) reported second quarter earnings of 26 cents a share, 4 cents below the Wall...
August 10, 2018 @ 7:48 pm | Breaking News, Buy, CMI, Dividend Income Portfolio |
In my on-going Special Report: 10 Best Stocks in 10 Sectors (running on my JubakAM.com subscription site) I laid out the case for buying Cummins (CMI) now a a dividend stock with the expectation that as the current depression over the share price of industrial...
August 10, 2018 @ 7:40 pm | ALB, Breaking News, Buy, Jubak Picks Portfolio |
Who says the collapse of the Turkish lira and of the Turkish stock market isn’t good news for anyone? While it’s certainly true that the troubles in Turkey–which have become worse as the country’s relationship with the United States has tipped...
August 8, 2018 @ 7:04 pm | Breaking News, Jubak Top 50 Portfolio, MIDD, Update |
That’s better. Today, before the market opened in New York, Middleby (MIDD) reported second quarter earnings of $1.63 a share. That was 7 cents a share above Wall Street projections and 20.&% higher than the $1.35 a share reported for the second quarter of...
August 3, 2018 @ 7:18 pm | AAPL, Breaking News, Jubak Top 50 Portfolio |
If Apple (AAPL) hadn’t climbed to become the first $1 trillion company by market cap, these flaws probably wouldn’t be worth talking about. But when investors and traders have driven a stock’s valuation up to these levels–in clear anticipation...
July 26, 2018 @ 7:46 pm | AMZN, Breaking News, Jubak Top 50 Portfolio, Update, Volatility |
A day after Facebook (FB) told Wall Street analysts to expect slower growth for the rest of 2018 (and saw its stock plunge 18.96%) Amazon (AMZN) beat Wall Street earnings projections by a massive $2.58 a share, reporting earnings for the second quarter of $5.07 versus...
July 26, 2018 @ 7:39 pm | Breaking News, FB, Jubak Top 50 Portfolio, Update, Volatility |
Golly gee, what could be the big story in the U.S. markets today? How about the rout in Facebook (FB) shares–down 18.96% or $41.24 to $176 at the close. That $112 billion dollar drop in the market value of Facebook gives the company the record for the largest...
July 25, 2018 @ 6:37 pm | Breaking News, Buy, Dividend Income Portfolio, T |
Today’s 4.51% drop in shares of AT&T (T) on a relatively mild revenue disappointment announced after the market close yesterday has considerably de-risked the stock. At the current 3:30 p.m. New York price of $30.25 the stock pays a dividend yield of 6.61%....
July 23, 2018 @ 7:29 pm | Breaking News, Jubak Top 50 Portfolio, PYPL, Update |
Shares of PayPal Holdings have soared ahead of Wednesday, July 25, earnings–and the move is actually on some news. Today, for example, peer to peer payment competitor Snapcash announced that it would shut down. That’s one less competitor in a brutally...
July 20, 2018 @ 7:42 pm | Breaking News, Jubak Picks Portfolio, MSFT, Update, You May Have Missed |
Going into yesterday’s earnings report from Microsoft, I felt torn. On the one hand, the stock had hit an all time record high on the strong guidance for the June quarter back in April. How much higher could the stock go? Would guidance for the September quarter...
July 17, 2018 @ 7:35 pm | Breaking News, Jubak Picks Portfolio, MSFT, Update |
The Netflix (NFLX) drop yesterday (14.27%) and today (5.24%, which actually showed a recovery from the after-hours tumble) on the company’s disappointing guidance for the third quarter says that we’re still on track for a test of the earnings rally. But...
July 16, 2018 @ 6:03 pm | BAC, Breaking News, Dividend Income Portfolio, Update |
Shares of Bank of America (BAC) closed 4.27% higher today after the company announced second quarter earnings of 63 cents a share, 6 cents a share above the Wall Street consensus. Revenue fell 0.9% year over year but at $22.6 billion it still exceeded the $22.5...
July 13, 2018 @ 4:23 pm | Breaking News, C, Dividend Income Portfolio, Volatility |
The reaction to Wells Fargo (WFC) earnings released before the open this morning was perfectly fitting. The bank lagged its peers again on key metrics (revenue fell 3.1% year over year and earnings per share were down 9% as average loans fell 1%) and the stock was...
July 11, 2018 @ 5:37 pm | Breaking News, Jubak Picks Portfolio, LNG, Sell |
Back when President Donald Trump and President Xi Jinping were best buds they announced a deal in principle that would expand Chinese purchases of liquified natural gas from the United States in general and Cheniere Energy (LNG) in particular. I think we can assume...
July 3, 2018 @ 6:18 pm | Breaking News, C, Dividend Income Portfolio, You May Have Missed |
Citigroup (C) is among the big banks that passed the most recent stress test from the Federal Reserve. That means the bank can go ahead with its plans to raise its quarterly dividend to 45 cents from 32 cents and to buyback $17.6 billion in shares. The plan would take...
July 2, 2018 @ 6:57 pm | Breaking News, Dividend Income Portfolio, MCD, Sell |
In my post of June 28 “My baseline stock market scenario for the next 30 days” I pointed to an earnings/post earnings report pattern that I thought posed significant danger to stocks. Analysts, I noted, were projecting knock out earnings growth for the...
June 25, 2018 @ 7:29 pm | Breaking News, Jubak Picks Portfolio, SBUX, Sell |
One of my core beliefs after running the Jubak Picks portfolio for more than 20 years now is that when the reason I picked a stock to buy evaporates, then it’s time to sell. So today (June 21) I’m selling Starbucks (SBUX) out of my Jubak Picks portfolio....
June 25, 2018 @ 7:06 pm | Breaking News, Jubak Picks Portfolio, MGM, Sell |
I still believe in all the catalysts that I touted for MGM Resorts International (MGM) for late this year–yes, the company’s new Macao casino will give the company more exposure to that market, yes, a wave of states legalizing sports gambling plays to...
June 15, 2018 @ 10:32 pm | Breaking News, Jubak Picks Portfolio, MGM, Update |
Shares of MGM Resorts International (MGM) peaked for 2018 (so far) at $38.03 on January 29, 2018 and since then the trend has been brutally downward. The stock’s 50-day moving average broke below its 200-day moving average (a moment that technical analysts...
June 14, 2018 @ 6:52 pm | Breaking News, Buy, Jubak Picks Portfolio, MSFT |
As I wrote in Part 3 of my Special Report “Investing in a Late Cycle Market,” (available to subscribers to my paid JubakAM.com site), I’m adding Microsoft to my Jubak Picks portfolio. The April third quarter earnings “miss” sets Microsoft...
June 13, 2018 @ 6:51 pm | Breaking News, Buy, Jubak Picks Portfolio, LGF/A |
Yesterday after the close of trading Judge Richard Leon gave the go-ahead to AT&T’s (T) acquisition of Time Warner, the owner of HBO and other content. The ruling is a green light to other vertical mergers in the media sector. The judge rejected the...
June 8, 2018 @ 1:10 pm | ARCO, Breaking News, Jubak Picks Portfolio, Sell |
Back when emerging markets started to break down, I sold my positions in Argentina. Then it looked like the damage might be limited to that country. Not though it’s clear that the whole sector is under pressure and that investors trying to avoid the next...
June 5, 2018 @ 6:50 pm | Breaking News, NKTR, Update, Volatility |
It’s never good to turn in disappointing results in a drug trial–as Nektar Therapeutics (NKTR) did over the weekend–but to whack 40% off the stock price on this news is an extreme over-reaction. To justify a 40% drop you have to assume 1) that the...
June 5, 2018 @ 6:40 pm | AAPL, Breaking News, Jubak Top 50 Portfolio, Update, You May Have Missed |
The keynote that opened Apple’s (AAPL) Worldwide Developers Conference (June 4 through 8) walked a tough balancing act between admitting that Apple needs to catch up with competitors in some areas (Poor Siri) and introducing stuff that will differentiate Apple from...
June 1, 2018 @ 7:56 pm | Breaking News, INCY, Volatility |
Today the U.S. Food & Drug Administration did finally approve Baricitinib, now known as Olumiant, for the treatment of moderately-to-severely active rheumatoid arthritis. But the approval carries more restrictions than expected. The FDA approved only the 2...
May 30, 2018 @ 6:54 pm | Breaking News, Dividend Income Portfolio, KMI |
Yesterday the Canadian government announced that it will buy the Trans Mountain Pipeline from Kinder Morgan Canada for CAD$ 4.5 billion. Kinder Morgan (KMI), a member of my Dividend Portfolio, owns a 70% stake in Kinder Morgan Canada. The sale, which certainly...
May 24, 2018 @ 7:56 pm | Breaking News, EQNR, Jubak Picks Portfolio, Volatility |
A change in the name and ticker of portfolio holding Statoil (STO). The explanation offered by the company is that it wanted to remove “oil” from its name to better reflect the company’s increasing emphasis on other forms of energy including wind...
May 17, 2018 @ 6:57 pm | Breaking News, Buy, Jubak Picks Portfolio, VLO |
Last night on my JubakAM.com and JugglingWithKnives.com subscription sites I laid out the case argued by Morgan Stanley for believing that distillate prices are heading higher in the face of a tight supplies for these refinery products. One of the refiners Morgan...
May 15, 2018 @ 6:19 pm | Breaking News, Jubak Picks Portfolio, NKTR, Update, Volatility |
It hasn’t exactly been a stellar couple of months for shares and options on Nektar Therapeutics (NKTR). The stock, which I hold in my Jubak Picks portfolio, is down 23.1% since it hit a high of $108.44 on March 8. The August 17, 2018 call options with a strike...