Earnings day of truth for General Electric tomorrow
There’s little doubt that tomorrow’s third quarter earnings report from General Electric–due before the market opens–will be one of those kitchen sink quarters. New CEO John Flannery is sure to want to mark his accession to the corner office...
Kinder Morgan affirms 2018 dividend hike
Kinder Morgan (KMI) ) reported third quarter earnings today a scant penny a share above Wall Street’s projections at 15 cents a share. Revenue slipped 1.5% year over year to $3.28 billion but still exceeded expectations of $3.21 billion. Most...
I’m buying China’s online travel leader CTRP for my Jubak Picks portfolio today
There are three things to think about before buying Ctrip.com International (CTRP), the leader in China’s online travel market. Two of these things are positive and one negative. I think the balance comes down on the positive side but the negative element means...
The heavy truck market takes a another big step toward recovery–and that’s good for Cummins
North American orders for Class 8 heavy trucks jumped 62% year over year in September and analysts and economists are predicting that a strong U.S. economy will push orders even higher in the fourth quarter. Net orders for heavy trucks, the semis that haul freight on...
Some signs the bottom is in for Incyte
This qualifies as a horrendous six months for any stock: Shares of Incyte (INCY) are down from $152.66 on March 15 to $115.19 at the close today, October 2. The shares have been even lower, which is one thing giving me some hope that the pain is coming to an end. The...
How much risk and reward are there in Schlumberger’s new business model? Does this stock remain a long-term 50 Stocks portfolio pick?
Schlumberger’s (SLB) next quarterly earnings report on October 20 will be a major test of the company’s new business model. I hold the shares in my long-term 50 Stocks portfolio. For me the quarter will provide an early indication of how much volatility...
Chesapeake Energy lowers production forecast
Today, Chesapeake Energy (CHK), the second largest U.S. producer of natural gas, said that it expects to see production in the third quarter of 542,000 barrels of oil equivalent a day versus the previous estimate of 550,000. The company also lowered its forecast for...
Facebook cancels plans for Class C stock; Zuckerberg to sell 35-70 million shares in next 18 months
The good news is that Facebook (FB) has cancelled plans to create a new C class of shares. Let’s be very clear, Class C shares like these that give a seller, such as CEO Mark Zuckerberg, the ability to sell millions of shares while continuing to control voting...
Buy Arco Dorados Holdings in my Jubak Picks portfolio
Arco Dorados Holdings (ARCO) is a twofer. The New York traded ADRs of the largest operator of McDonald’s (MCD) franchises in the world, is soaring on the recovery in its two biggest markets Brazil and Argentina. The ADRs are up 76.7% in 2017 as of the close on...
Wall Street starts to pick at the new iPhones–and at Apple shares
Wall Street has started to pick at the details of Apple’s (AAPL) September 12 iPhone event. And it’s not liking all the details on second (or third) look. Apple’s shares finished down 0.86% today, September 14. Apple has closed lower in all three...
Autoliv soars on news that the company might split its auto businesses in two
Shares of Autoliv (ALV) soared today, closing up 12.26% to $127.14, on news that the company’s Board of Directors has authorized management to conduct a strategic review of splitting the current company into two new companies focused on passive auto safety and...
Natural gas stocks up today on rise in LNG prices in Asia
Shares of natural gas producers and liquefied natural gas exporters climbed strongly today as prices for liquefied natural gas in Asia rose to s seven-month high in reaction to the damaged inflicted on Gulf Coast terminals by Hurricane Harvey. It didn’t hurt...
Time to move on from trading SDRL
Seadrill (SDRL) was scheduled to file for a pre-packaged bankruptcy today. Â When it didn’t, the shares soared. Before finishing the day up 17.46%–a 3 cents a share gain to 23 cents–the stock was up as much as 31.17% as of noon in New York. If...
Adding a gold ETF on today’s drop in the metal on hurricane, North Korea relief
I’m adding the SPDR Gold Shares ETF (GLD) to my Jubak Picks and Volatility portfolios today. Gold has sold off today with worries over a new missile test from North Korea in abeyance. And with traders relieved–and apparently surprised–to discover...
Two typhoons don’t dent casino revenue growth in Macao
Casino revenue in Macao climbed by a year over year 20% in August, marking a 13th consecutive month of growth–despite two typhoons the left half of the city without power and water for as many as four days. Analysts had been looking for 17% to 22% growth in...
How will Apple’s new iPhone match up with the competition from Samsung’s Note 8? Here’s what we know
I’m on vacation until September 6. I wrote this post on August 25 before I left. Back on August 24 I wrote a post rating the snazz of the new Note 8, the top of the line smartphone that Samsung had just introduced. The Note 8, I wrote, set the bar for the high...
What? Wait a minute! Not everything is perfect at Alibaba?
I’m on vacation until September 6. I wrote this post on August 24 before I left. On August 17 Alibaba Group Holding (BABA) reported another blowout quarter. Non-GAAP earnings per share climbed 65% and revenue rose 56%. And… on its conference call Alibaba...
Cummins reports solid second quarter and shows progress in moving to electric truck market
I’m on vacation until September 7. I wrote this update on portfolio holding Cummins on August 22. Â On August 1 Cummins (CMI) reported second quarter earnings of $2.53 a share. That was 3 cents a share below Wall Street estimates. Revenue climbed 12% year over...
Tencent crushes revenue growth; margins slip
I’m on vacation until September 7. I wrote this update on portfolio holding Tencent Holdings on August 21. Â On August 16 Tencent Holdings (TCEHY) reported second quarter year over year revenue growth of 59%. That was the highest revenue growth in the last seven...
Hurricane Harvey is demonstrating the new world of oil prices–and I’m selling refiner Marathon Petroleum into the storm
With Hurricane Harvey barreling down on the Gulf Coast complex of refineries and oil terminals, you might have expected the price of gasoline to rise yesterday, August 24, on fears of a shutdown of supply. And it did. The price of gasoline climbed 2.35% yesterday on...
Pioneer earnings got the whole oil shale worry thing started
Back on August 1 Pioneer Natural Resources (PXD) reported second quarter earnings of 21 cents a share, beating the Wall Street consensus by 10 cents a share. Revenue climbed 107% year over year to $1.63 billion, way ahead of the Wall Street consensus at $1.06 billion....
Today it’s copper
Copper for September delivery closed up 2.84% today. Copper stocks did even better with Freeport McMoRan Copper and Gold (FCX) closed up 5.73% for example. Southern Copper (SCCO) ended the day ahed 3.37%. And First Quantum Minerals (FQVLF) traded up 10.14%. So...
Apple’s newest China problem
If you use an Android smart phone in Beijing, you can just tap it to pay for a ride on the city’s transit system. An iPhone? Forget it. Apple’s Phone uses ApplePay. And the company doesn’t grant access to third-party apps like those from Yikatong...
Chesapeake Energy beats and then shares drop–it’s tough being a natural gas stock right now
There’s really nothing wrong with Chesapeake Energy (CHK) that an increase in natural gas prices wouldn’t fix. Yesterday, August 3, Chesapeake reported second quarter earnings of 18 cents a share after subtracting one-time events. In the second quarter of...
Xylem raises guidance for fiscal 2017 after slight earnings beat in second quarter
On August 1 Xylem (XYL) reported second quarter earnings of 59 cents a share (excluding one-time items), beating Wall Street earnings estimates by 2 cents a share. Thanks to recent acquisitions revenue of $1.16 billion climbed 24.9% year over year, slightly missing...
Apple earnings solid enough to support tech sector
The big questions for Apple (AAPL) won’t be answered until this fall when investors get to see the new iPhone (and see how hot or not it is) and learn whether or not Apple’s suppliers are indeed having trouble manufacturing key components such as the OLED...
What happened in the markets (and economy) last week–and what it means for August and September
Let’s try to put together a few events from last week into a coherent (or, if that’s too much to hope, at least a semi-coherent) explanation for where the equity market stands now. What events, you ask? How about Friday’s report on second quarter GDP...
Long-term pick Bunge gets motivated
“Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully,” James Boswell quotes Samuel Johnson as saying upon the occasion of the hanging of William Dodd in 1777 for a loan scam. CEOs don’t...
Huge earnings beat can’t save Alphabet from metrics miss
Alphabet (GOOG) dropped 3.1% in after hours trading in spite of reporting earnings of $5.01 a share, well ahead of the $4.49 expected by Wall Street. Revenue of $26.01 billion, up 21% from the second quarter of 2016, also beat the Wall Street consensus of $25.6...Jim’s Daily Email Alerts:
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