Sell Vulcan Materials–I don’t see an infrastructure package this year
With the Senate about to go nuclear as Republicans change the Senate rules so they can avoid a Democratic filibuster and send Neil Gorsuch to the Supreme Court, any small chance that Democrats would work with Republicans to pass some version of President Trump’s...
Next hurdle for Apple shares? April 21
Apple (AAPL) shares closed at $143.70 today, April 3, near the record high of $144.12 that the stock set on March 29. The stock, a member of my long-term 50 Stocks portfolio, since November 8, 20165, was up 24.07% for 2017 as of the April 3 close. (The shares are up...
Picks for the Permian Boom Part 2–Among shovel-makers my choice is Helmerich & Payne
I’ve been arguing recently that you need to own a piece of the Permian Basin in your portfolio. On February 10 https://jubakpicks.com/my-first-picks-for-buying-a-piece-of-the-permian/ I even gave you my first two picks, producers Pioneer Natural Resources (PXD)...
Buying ING in my Dividend Portfolio tomorrow
Tomorrow I’ll be adding ING Groep (ING) to my Dividend Portfolio. The Dutch-headquartered banking company pays a 4.87% yield. Five reasons to buy ING now. Three macro reasons. Growth in Europe, especially in the company’s German market, has picked up. In...
Long-term pick Chesapeake becomes a short-term trade too
On February 23 Chesapeake Energy (CHK) reported another big step toward break-even. The company’s net loss for the fourth quarter fell to $741 million (or 84 cents a share) from $2.23 billion (or $3.36 a share) in the fourth quarter of 2015. Investors were...
Head winds? What head winds? Middleby is profiting from cost battle in fast food sector
Updated March 2, 2017. On February 28, for the fourth quarter of 2016, Middleby (MIDD) reported earnings of $1.41 a share, 14 cents a share better than Wall Street had projected. That was an increase in earnings from 88 cents in the fourth quarter of 2015. Revenue...
In fourth quarter Albemarle tripled lithium quota in Chile
I’d never suggest you should ignore the numbers–for the fourth quarter lithium and bromine producer Albemarle (ALB) reported earnings of 78 cents a share, 5 cents a share more than Wall Street was expecting. But the big news the company had to report for...
Incyte shares up as stock heads for S&P 500 index
In a change effective February 28 Incyte (INCY) will replace Spectra Energy (SE) in the Standard & Poor’s 500 stock index. Spectra Energy is being acquired by Enbridge (ENB.) All those index funds and ETFs that track the S&P 500 will have to buy shares...
Incyte is on the way to becoming a complete drug company–or an expensive acquisition candidate
Usually with a biotech stock you trade the present for the future: no revenue now but the promise of big revenue to come. Incyte’s (INCY) most recent quarter, reported on February 14, doesn’t require that trade off. Which means investors should be asking a...
Copper headed higher? For Freeport McMoRan Copper and Gold this may not end badly but it won’t end soon
Update February 22,2017. With the world’s largest copper mine at Escondida in Chile out on strike, the fight between Freeport McMoRan Copper and Gold (FCX) and Indonesia is a big, big deal. Copper has already climbed above $6,000 a metric ton and the metal is...
Selling ExxonMobil out of my long-term 50 Stocks portfolio; keeping it in my Dividend portfolio
ExxonMobil (XOM) is a hard company to characterize: it does some things so well that it has no peer and it does some things poorly enough to put the company in the middle of the oil company pack. On the very big plus side, nobody does the integration of refineries and...
Deere signals bottom for farm stocks
Deere (DE), the world’s biggest maker of farm machinery, is signaling that the worst is over in for its industry even as the U.S. Department of Agriculture is projecting another down year for farm incomes. In fiscal first quarter earnings reported today Deere said...
Buying lithium producer Albemarle in my long-term 50 Stocks portfolio
On Tuesday, since U.S. markets are closed on Monday, I’ll be adding shares of Albemarle (ALB) to my long-term 50 Stocks portfolio. The shares closed at $91.92 on Friday, February 17. After the 2015 acquisition of Rockwood Holdings, Albemarle is the world’s...
Buy Tencent Holdings in my long-term 50 Stocks portfolio
I’ve got a number of open slots in my long-term 50 Stocks portfolio and I’m going to fill one of those with a buy of Tencent Holdings (TCEHY). Tencent Holdings closed at $26.25 today, February 14. Tencent is the other big Chinese Internet stock. It’s...
Adding Allergan to my long-term 50 Stocks portfolio on the strength of its Botox franchise
Today’s buy for Allergan (AGN) in my long-term 50 Stocks portfolio completes the transition I started when I sold the stock in my 12-18 month Jubak’s Picks portfolio. At the time of that sell, I felt that Allergan was chasing too many opportunities that...
My first picks for buying a piece of the Permian
I’ve been arguing recently–in posts on my paid JubakAM.com site like this one http://jubakam.com/2017/01/red-hot-permian-goes-to-white-hot-with-another-big-acquisition-and-freaks-out-global-oil-market/ and on this site with posts like “Permian power!...
Permian Power! Pioneer Natural crushes production guidance
Update: February 8, 2017. Shares of Pioneer Natural Resources (PXD) closed up today, February 8, by 3.85% after this big player in the low-cost Permian Basin blew past earnings estimates and released aggressive guidance on future production growth. The company’s...
Great news for Autoliv: Someone else is going to win Takata sweepstakes
Whew! And Yay! Whew, that it looks like someone else is going to win the bidding to acquire what’s left of airbag maker and Autoliv competitor Takata. Yay, that the likely acquirer is an airbag maker owned by China’s Ningbo Joyson Electronic. I’m...
Bye,bye MLP: OKE to acquire master limited partnership OKS
It’s not exactly an uncommon kind of transaction these days: General partner ONEOK (OKE) will acquire Master Limited Partnership ONEOK Partners (OKS) for $9.3 billion in stock. (For example, Targa Resources (TRGP) rolled up its MLP Targa Resources Partners this...
Day 2 for Apple earnings leads to some market concern
Apple (AAPL) shares soared on Wednesday after the company announced December quarter earnings. And there was sure a lot to cheer about as I noted in my post on Apple’s results yesterday. The shares closed up $5.15 to $129. Today, though, was a day for mulling...
Apple plays the earnings game and wins–at least for today
All the headlines that I’ve seen after Apple (AAPL) reported earnings for the December quarter (first quarter of the 2017 fiscal year) after the market close today say that Apple beat Wall Street projections by 14 cents a share on earnings. Which sounds...
Corning’s earnings beat today is all about Gorilla Glass
Update January 24, 2017. This morning, January 24, before the open in New York Corning (GLW) reported earnings of 50 cents a share, six cents a share above Wall Street estimates and up 47% from the year-ago quarter. Revenues also beat estimates, rising 6.2% year over...
Time to buy this dividend: Legal attacks push Qualcomm dividend to 3.9%
Here’s the really important pair of numbers that explains what’s happening to Qualcomm (QCOM). From its business of licensing patents for cell phones Qualcomm makes a gross margin of 61%. Apple (AAPL) had a gross margin of 39% in its most recent fiscal...
Skyworks gains big on earnings beat: What does this mean for the rest of the Apple ecosystem?
After the close today, January 19, Skyworks Solutions (SWKS), a supplier of chips for Apple’s (AAPL) iPhone announced that December quarter earnings had beaten analyst estimates by 3 cents a share. The results also beat on revenue. The company guided Wall Street...
Energy MLP and Dividend Portfolio member Western Gas Partners increases distribution
Western Gas Partners (WES), a master limited partnership (MLP) that’s a member of my Dividend Portfolio, announced today that it would pay a quarterly distribution of 86 cents per unit for the fourth quarter of 2016. That brings the total distribution for 2016...
My long-term pick Luxottica in $50 billion deal
In a $50 billion deal announced today Italy’s Luxottica (LUX), the world’s leading eyewear company, will combine with France’s Essilor (ESLOY), the world’s biggest maker of lenses, to form a from lens to Sunglass Hut giant in the eyewear...
Sell CMI: After a 55% gain in 2016 Cummins no longer yields enough to stay in my Dividend portfolio
After a 55.3% gain in 2016, shares of Cummins (CMI) no longer pay enough to remain in my Dividend portfolio. The huge appreciation of 2016 means the stock now yields just 2.98% and in this portfolio I look for yields of 4% or more. (With 5% as the ideal–but hey...
Sell COP: ConocoPhillips now yields just 2.01% and that’s not enough for my Dividend portfolio
It’s not that shares of ConocoPhillips (COP) had such a stellar 2016–the gain for the year was just 7.4%. But the company, faced with low oil prices, cut the dividend on its stock by 66% in 2016 in order to conserve cash. That has pushed the dividend yield...
Sell INTC: At a yield of 2.98% Intel doesn’t earn a place in my Dividend portfolio
It’s not that shares of Intel (INTC) had such a stellar 2016–the gain for the year was just 5.3%. But the company continues to struggle with declining demand in its core PC market and faces strong resistance from competitors to its efforts to break into...Jim’s Daily Email Alerts:
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