April 27, 2018 @ 4:34 pm | Breaking News, Jubak Top 50 Portfolio, Recent Buys, ZNH |
I’ve been looking to add shares of China Southern Airlines (ZNH) to my long-term 50 Stocks ever since I saw the newest list of the world’s 20 busiest airports from the Airports Council International on April 6. Atlanta’s Hartsfield-Jackson...
April 26, 2018 @ 7:47 pm | AMZN, Breaking News, Jubak Top 50 Portfolio, You May Have Missed |
Amazon (AMZN), Intel (INTC), and Microsoft (MSFT) all reported earnings after the close today. All three beat earnings estimates–but this market hasn’t been very generous in rewarding earnings surprises (after Netflix (NFLX)) that is. Â The key tests here...
April 25, 2018 @ 7:28 pm | Breaking News, Jubak Picks Portfolio, STO, Update, Volatility |
There’s no pleasing the market these days. Shares of Statoil (STO) fell 1.54% to $24.96 today after the company reported first quarter earnings of $4.4 billion, its highest quarterly profit in three years and 33% higher than in the first quarter of 2017. But the...
April 25, 2018 @ 11:40 am | Breaking News, GOOG, Update, Volatility, You May Have Missed |
Some times in the financial markets, the numbers aren’t as important as the narrative. I think that was the case with Alphabet (GOOG), Tuesday, April 24. Monday after the market close Alphabet reported first quarter earnings of $9.93. That was a healthy 64 cents...
April 23, 2018 @ 11:10 pm | Breaking News, Dividend Income Portfolio, KMI, Update |
he earnings results for Kinder Morgan’s (KMI) first quarter were in line; it’s 60% increase in the annual dividend was more aggressive than expected. Â Adjusted EBITDA (earnings before interest payments, taxes, and depreciation) was $1.90 billion for the...
April 23, 2018 @ 7:56 pm | Breaking News, Dividend Income Portfolio, FANG, HP, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD, SLB, STO, Volatility |
Oil futures in New York settled at their highest since December 2014. U.S. benchmark West Texas Intermediate climbed 0.35% to close at $68.88 a barrel. International benchmark Brent crude rose 0.88% to $74.71 a barrel. The gains were unusual in that the U.S. dollar...
April 23, 2018 @ 7:11 pm | Breaking News, Dividend Income Portfolio, IBCP |
Independent Bank (IBCP) reported first quarter earnings of 42 cents a share today. That’s up from 28 cents a share in the first quarter of 2017. Special items added 4 cents a share to earnings. The reduction in the bank’s tax rate thanks to the Tax Cuts...
April 19, 2018 @ 6:37 pm | BAC, Breaking News, Dividend Income Portfolio |
On Monday Bank of America (BAC) reported first quarter earnings of 62 cents a share, 3 cents a share above Wall Street estimates. Earnings were up 51% year over year on a 4% increase of revenue to $23.1 billion. That was ahead of the consensus at $23.04 billion. Wall...
April 19, 2018 @ 6:28 pm | Breaking News, DHR, Jubak Picks Portfolio |
Danaher (DHR) reported fourth quarter earnings of 80 cents a share before the market opened today, April 19. That was 3 cents a share ahead of Wall Street projections. Revenue climbed 10.9% year over year to $5.09 billion. The Wall Street consensus called for $4.97...
April 18, 2018 @ 6:49 pm | Breaking News, FANG, Jubak Picks Portfolio, PXD, STO |
West Texas Intermediate crude climbed 3.16% today to $68.80 a barrel. Futures for May delivery moved over $68 a barrel for the first time in three years. Yesterday the American Petroleum Institute reported a 1.05 million barrel draw down in U.S. inventories. Today the...
April 16, 2018 @ 7:34 pm | Breaking News, Buy, Jubak Picks Portfolio, SEDG |
I’ve been looking for a way out of this investing puzzle for a while and I think I’ve finally found one. SolarEdge Technologies (SEDG). I’m adding these shares to my Jubak Picks Portfolio on Monday. And I’ll be buying call options on these...
April 5, 2018 @ 6:35 pm | AAPL, Breaking News, Jubak Top 50 Portfolio |
Yesterday Apple (AAPL) announced that it had hired John Giannandrea, the architect behind Google Assistant, to take its Siri digital assistant from disappointing to amazing again. (Or at least to make it a credible challenger to Amazon’s Alexa and Google...
April 3, 2018 @ 12:01 pm | Breaking News, FCX, Jubak Picks Portfolio, Sell, Volatility, You May Have Missed |
Freeport McMoRan Copper and Gold (FCX) was the third and last copper stock I added to my portfolios back in January 12, 2018–after Southern Copper (SCCO) and First Quantum Minerals (FQMLF). I added so much copper since copper prices were soaring in 2017–up...
April 2, 2018 @ 7:26 pm | AMZN, Breaking News, Jubak Top 50 Portfolio, Update, You May Have Missed |
Another day’s worth of tweets by President Donald Trump attacking Amazon (AMZN) and another day of losses for the stock. At 3 p.m. Monday New York time Amazon shares were down another 5.21% (in the midst of a meltdown in the technology sector, I’d note, so...
March 28, 2018 @ 7:42 pm | Breaking News, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD |
Today Concho Resources (CXO) announced the acquisition of RSP Permian (RSPP) to create the biggest  oil and natural gas producer from the shales of the Permian Basin. The $9.5 billion all stock deal represents a 29% premium to the Tuesday close for RSP Permian. That...
March 28, 2018 @ 7:27 pm | AMZN, Breaking News, Jubak Top 50 Portfolio, Volatility |
Well, why not? Shares of Amazon (AMZN) were down as much as 7.4% after Axios reported that President Donald Trump is “obsessed” with regulating the company and has discussed changing the way the company collects (or doesn’t) sales tax. The stock...
March 27, 2018 @ 5:54 pm | Breaking News, GLD, Jubak Picks Portfolio, Volatility |
Goldman Sachs has turned positive on gold for the first time in five years. Â “Our commodities team believes that the dislocation between the gold prices and U.S. rates is here to say,” Goldman Sachs says. Drivers for higher gold prices include signs of an...
March 20, 2018 @ 7:51 pm | Breaking News, Buy, Dividend Income Portfolio, IBCP |
Just in case you haven’t noticed, it’s really, really hard at the moment to find a decent dividend yield in a stock that doesn’t require taking on substantial risk. That’s what happens when you’ve got elevated asset prices after a long...
March 15, 2018 @ 6:52 pm | Breaking News, INCY, Jubak Picks Portfolio |
The Food and Drug Administration today announced that its Arthritis Advisory Committee will meet on April 23 to discuss the application by Incyte (INCY) and Eli Lilly (LLY) for approval of baricitinib for the treatment of adult patients with moderately to severely...
March 7, 2018 @ 7:03 pm | Breaking News, INCY, Jubak Picks Portfolio |
When I sold Acadia Pharmaceuticals (ACAD) out of my Jubak Picks portfolio on March 5, one reason I gave was that the catalysts for this biotech were too far out–results from critical drug trials weren’t likely to be reported for two years. The reason to...
March 6, 2018 @ 7:03 pm | ACAD, Breaking News, Jubak Picks Portfolio |
Today I’m selling Acadia Pharmaceuticals (ACAD) out of my Jubak Picks portfolio. I have a 13.52% loss on this position since I added the shares to the portfolio on November 15, 2016. There are short- and long-range reasons to sell. From a short-range perspective...
March 2, 2018 @ 6:38 pm | Breaking News, Jubak Picks Portfolio, NKTR |
Shares of Nektar Therapeutics (NKTR) finished up 21.67% today to $102.87 after the biotech company announced after the close yesterday a smaller than expected fourth quarter 2017 loss of 21 cents a share (versus the Wall Street consensus projection of a 36 cents a...
March 1, 2018 @ 3:21 pm | Breaking News, CAT, Jubak Picks Portfolio, Sell |
I don’t think there’s any point to waiting around to see how quickly or fiercely China will retaliate against U.S. exporters after today’s announcement that the United States will put a 25% tariff on Chinese (and other imported) steel and a 10%...
March 1, 2018 @ 3:04 pm | BA, Breaking News, Jubak Picks Portfolio, Sell |
I don’t think there’s any point to waiting around to see how quickly or fiercely China (and the European Union) will retaliate against U.S. exporters after today’s announcement that the United States will put a 25% tariff on Chinese (and other...
February 20, 2018 @ 7:17 pm | Breaking News, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD |
The goal was to cut production enough to reduce global oil inventories to their five-year average. The hope of the coalition of OPEC and Russia that reduction in production would get oil prices up to $60 a barrel. Now with that inventory reduction just about in place...
February 19, 2018 @ 7:25 pm | Breaking News, Jubak Picks Portfolio, MGM, Volatility |
Tomorrow’s earnings report from MGM Resorts International (MGM) could be make or break for the call options that I hold on this stock in my Volatility Portfolio. The options have been all over the block in recent weeks from up 50% to down 30% on market...
February 14, 2018 @ 6:55 pm | Breaking News, Jubak Picks Portfolio, NKTR, Update |
In the deal announced today Bristol-Myers Squibb (BMY) pays Nektar Therapeutics $1 billion upfront, $850 million for stock valued at a price of $102 a share, and a potential $1.78 billlion in milestone payments in exchange for access to NKTR 214, a drug candidate...
February 13, 2018 @ 7:12 pm | Breaking News, FANG, Jubak Picks Portfolio, Update |
After the close of New York trading today, Diamondback Energy (FANG) announced fourth quarter earnings of $1.56 a share (excluding one-time items). That beat the Wall Street consensus by 5 cents a share. Revenue climbed 116% year over year to $399 million, above...
February 9, 2018 @ 7:30 pm | BABA, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, TCEHY, Volatility |
While our eyes have been glued to the volatility in U.S. markets, Chinese stocks have staged their own correction. The Shanghai Composite is down 12.1% from its high on January 24 to the low on Thursday, February 8. With the Lunar New Year and the week-long Spring...
February 1, 2018 @ 6:24 pm | Breaking News, GLW, Jubak Top 50 Portfolio, Update |
Shares of Corning (GLW) took a 5.61% hit Tuesday, January 30,as the company reported a huge quarterly loss of $1.66 a share–or $1.412 billion. But all that loss was due to a $1.8 billion accounting write down as a result of the Tax Cuts and Jobs Act. Excluding...