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...
January 31, 2018 @ 7:51 pm | ALV, Breaking News, Jubak Picks Portfolio, Update |
While the Standard & Poor’s 500 stock index was falling 1.04% yesterday and the Dow Jones Industrial Average was giving up 362 point, auto safety supplier Autoliv (ALV) was busy climbing 8.07% on the day to close at $149.48. (The stock, a member of my Jubak...
January 31, 2018 @ 7:36 pm | Breaking News, Jubak Top 50 Portfolio, PYPL, Update, You May Have Missed |
PayPal Holdings (PYPL) reported fourth quarter earnings of 55 cents a share, 3 cents a share above Wall Street estimates, and revenue of $3.71 billion (on a foreign-exchange neutral basis) vs projections for $3.63 billion. Revenue climbed 24% year over year for the...
January 30, 2018 @ 7:30 pm | Breaking News, Jubak Top 50 Portfolio, TCEHY, Update |
First, on January 15, China’s Tencent Holdings (TCEHY) announced that it would partner with privately-owned Lego to develop a Lego streaming video zone for children on Tencent’s video platform and create Lego-branded games for Tencent’s gaming...
January 29, 2018 @ 6:45 pm | Breaking News, Jubak Picks Portfolio, SBUX, Update |
Blame it on Christmas Tree Frappuccino. On Thursday, January 25, after the market close Starbucks (SBUX) reported December (fiscal 2018 first quarter) earnings of 58 cents a share (excluding one-time tax benefits.) The results were ugly on the revenue side where  the...
January 26, 2018 @ 7:59 pm | Breaking News, CAT, Jubak Picks Portfolio |
The first read on growth in the U.S. economy during the fourth quarter was a tad disappointing. GDP increased by 2.6% year over year in the fourth quarter. Economists surveyed by Briefing.com were looking for growth of 2.9%. In the third quarter of 2017 GDP grew at a...
January 26, 2018 @ 7:56 pm | Breaking News, CAT, Jubak Picks Portfolio |
Investors and traders were determined to sell Caterpillar (CAT) shares after the stock gained 70% in 2017. That determination overshadowed yesterday’s good news on fourth quarter earnings and positive guidance for 2018. The shares, which I added to my Jubak...
January 25, 2018 @ 11:29 pm | Breaking News, Dividend Income Portfolio, HP, Update |
Helmerich & Payne (HP) reported December quarter (first quarter of the 2018 fiscal year) earnings of $4.57 a share. Â As they say on Wall Street–that $4.57 a share may not be comparable to the Wall Street analyst consensus estimate of a loss of 13 cents for...
January 24, 2018 @ 7:00 pm | BA, Breaking News, Buy, Jubak Picks Portfolio |
Shares of Boeing (BA) have tumbled from $351.01 on January 17 to close at $334.69 today. I’m using the pull back to add shares to my Jubak Picks portfolio tomorrow, January 25. The Boeing story right now is one of multiple tailwinds pushing the stock higher. A...
January 24, 2018 @ 12:39 pm | Breaking News, Buy, CAT, Jubak Picks Portfolio |
Caterpillar (CAT) looks to be a major beneficiary of the lower tax rates in the Tax Cuts & Jobs Act and for a lower U.S. dollar. (See today’s encouragement of a weaker dollar from Treasury Secretary Steve Mnuchin at Davos today.) Not that Caterpillar sales...
January 22, 2018 @ 7:24 pm | BAC, Breaking News, Buy, Dividend Income Portfolio, You May Have Missed |
I’m adding shares of Bank of America (BAC) to my Dividend Portfolio today. The stock yields only 1.2% on trailing 12-month dividend payments so why am I adding it to a portfolio dedicated to beating the yield on the 10-year Treasury bond? Because Bank of America...
January 22, 2018 @ 7:13 pm | Breaking News, Dividend Income Portfolio, MCD, You May Have Missed |
I’ve become convinced that the best way to think about McDonald’s (MCD) and other established fast-food stocks is as cyclicals. Oh, not in the usual way where the fortunes of a company rise and fall with the cycles in the economy. No, I think the...
January 19, 2018 @ 7:38 pm | ALB, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, SQM, Update |
The announcement of a deal between Sociedad QuÃmica y Minera de Chile (SQM) and Chile’s development agency CORFO that resolves a long-standing dispute on royalty rates and that would allow SQM to expand lithium production from the brines at government-owned...
January 17, 2018 @ 7:31 pm | BAC, Breaking News |
Certainly no one cheered when Bank of America (BAC) and Goldman Sachs (GS) announced big one-time hits from the recently passed tax bill, but as with JP Morgan Chase (JPM) and Wells Fargo (WFC) last week, the big deal for investors was what these huge financial...
January 12, 2018 @ 7:59 pm | Breaking News, Jubak Picks Portfolio, SYNA |
Shares of Synaptics (SYNA) closed up 13.35% today at $49.76 thanks to an upgrade to sector overweight from sector weight from KeyBanc Capital Markets and a very impressive showing for the company’s fingerprint technology for smartphones at the just concluded...
January 12, 2018 @ 7:53 pm | Breaking News, Buy, FCX, Jubak Picks Portfolio |
By this time I think you get the message: I like the trend in copper prices and copper stocks over the next five years. I’ve added copper producers South Copper (SCCO) to my long-term 50 Stocks Portfolio and First Quantum Minerals (FQVLF) to my volatility...
December 31, 2017 @ 5:49 pm | AMAT, Breaking News, Buy, Jubak Top 50 Portfolio |
All the work by Nvidia, Intel, Applied Micro Devices, and Alphabet that I described in my fourth day of Christmas stock pick post means lots of orders for the companies that make the machines that make the chips for new markets in artificial intelligence, data mining,...
December 29, 2017 @ 6:02 pm | AGN, AUY, BHP, Breaking News, CHK, FLR, GE, Jubak Top 50 Portfolio, POT, SPWR |
In the first week of January I’m going to rebalance, per the strategy I pursue with this portfolio, my long-term 50 Stocks Portfolio. That means I’ll be taking profits in the big winners of 2017 and adding to positions in the laggards for the year ahead....
December 29, 2017 @ 5:50 pm | Breaking News, Buy, Jubak Picks Portfolio, NVDA |
And what’s a colly bird and isn’t it “calling birds”? “Colly” derives from the Old English word for coal. So the song’s lyrics here call for four blackbirds. All the evidence I’ve seen argues that the use of “colly...