Sell Oneok Partners (OKS)
Sell Oneok Partners (OKS) Master limited partnership units of Oneok Partners (OKS) have run through my target price of $54 a share by March 2010 and just kept on going. I still like this natural gas pipeline play for its yield of 7.5% (as of November 9, 2009) so I’m...The natural gas glut in the U.S. shows no signs of slowing production
Doesn’t anybody know that there’s a natural gas glut in the United States? In a glut low prices are supposed to force producers to shut wells and reduce production so that demand has a chance to catch up with supply and prices can start to rise. It just doesn’t seem...The sky isn't falling and the dollar isn't going to zero. Yes, the dollar is in a slow and long-term decline but don't buy what the panic mongers are selling
Elisabeth Kubler-Ross laid out the five stages of grief in her 1969 book On Death and Dying. There’s denial, anger, bargaining, depression, and finally acceptance. The financial markets when confronting a strong trend work through their own five stages. Not of grief....Losers and 5 winners from health care "reform"–and why we'll be fighting over who pays for a decade
We know what the health care reform legislation due today for a vote in the Senate Finance Committee will cost: $829 billion over ten years. We know that it will extend coverage to 94% of all Americans, up from 83% now. And, thanks to the blessings of the...Tech stocks to lead earnings season again?
It’s early yet in earnings season, but I were a gambling man, I’d give the technology sector odds on leading the stock market again this quarter. Wall Street is beating the bushes for earnings growth right now. If earnings don’t go up in the next...1491 will let you see the New World that we're just starting to discover
Happy Europeans discover the New World even though none of the people who lived there then knew that they needed finding Day. I don’t mean to disparage Columbus. As a history such as Hugh Thomas’ Rivers of Gold: The Rise of the Spanish Empire from Columbus to Magellan...Buy Verizon (VZ)
Here’s what’s wrong with Verizon (VZ): The company’s landline business is slowly shrinking; the U.S. wireless market, which is supposed to make up for the drop in land line phones, is nearing saturation; and the company, which already carries a huge load of debt,...Capitalism could still get a stem to stern overhaul. To keep score in the Revolution track something economists call "externalities."
“A crisis is a terrible thing to waste,” said Stanford economist Paul Romer way back in 2007 near the start of the recent (or should that be “current”?) global fiscal and economic crisis. You certainly understand why if you take a look at U.S. economic history. Most...Banks are going to have to raise a lot more capital, says HSBC CEO
HSBC (HBC) CEO MichaelGeoghegan told the Financial Times that he expects international regulators will eventually require banks to have Tier One capital ratios of about 10%. That’s significantly higher than the 8% target now going the rounds in conversations...Where's the money? Despite the Fed, the money supply is falling
We’ve got a little problem in the economy. Tiny really. Nothing to worry about. Just that money supply is falling and that could endanger the entire economic recovery. The Federal government and the Federal Reserve are pumping money into the economy as fast as they...Sell Enbridge (ENB)
In the current stock market Enbridge (ENB) is neither fish nor fowl. And since the stock has hit my December 2009 target price of $38 a share, I’m going to sell it out of Jubak’s Picks. Here’s what I mean by that cryptic neither fish nor fowl...Here we go again: Drug stocks rally but is that a reaction to merger news or a sign that investors are getting more defensive?
Last time we had a one day pull back that led some of us (okay, me) to question whether this rally was getting tired we saw the stock market as a whole go down but the drug sector move up. Now today’s strength in the sector on a down day for the market as a...Apple gets its deal in China; iPhone goes non-exclusive in the UK
China Unicom (CHU) announced on September 28 that it will begin selling Apple’s (AAPL) iPhone in China on October 1. China Unicom is China’s second largest mobile phone operator. (For more on how the Chinese players line up and the coming battle between...
Buy Cisco Systems (CSCO)
Remarks by Cisco Systems (CSCO) CEO John Chambers got me thinking about the potential for a new economy emerging in 2011 and beyond so, it’s only fair that I begin my next stock market portfolio with shares of Cisco Systems (CSCO). (See my 8:30 a.m. post today for...Way down the road I can see early signs of the next stock market–and it's not going to look a lot like the last market or today's either
Sometimes the shortest distance to portfolio disaster is a straight line between two points. This, I believe, is one of those times. If I’ve been clear about nothing else in the last few weeks, I hope I’ve been clear on how impossible it is to find a reliable,...Sell Joy Global (JOYG)
Joy Global (JOYG) has blown through my target price for June 2010 in just two months. Try as I might, I can’t juggle the fundamental numbers to come up a reason to raise that target now, so I’m going to sell these shares out of Jubak’s Picks. Joy...The recovery isn't yet a sure thing
In my 11:45 post today, “Huh? Wall Street thinks higher unemployment is good news?” I said that I was still not convinced that the economic recession was truly over. The recovery that we’ve seen signs of in the last few months could simply be inventory restocking....Update Johnson Controls (JCI)
The long-term future for Johnson Controls (JCI) is in batteries for hybrid and electric cars, and systems for building-wide energy efficiency. Not that the near-term future is so bad. What with the recovery, slow though it might be, in the global auto industry....Are China's stocks now cheap?
So who’s right about China’s stock markets? Domestic Chinese investors, who follow government pronouncements on bank lending as if they’re portfolios depended on it, have led selling that has taken the Shanghai Stock market down 16% in August. Wall Street money...Head to head: Petrobras vs. StatoilHydro
So which would you rather own, Petrobras (PBR) or StatoilHydro (STO)? On the surface that’s a no brainer. Petrobras is sitting on new deep sea finds in the South Atlantic that will, probably, double the company’s oil reserves. StatoilHydro’s production is concentrated...Natural gas pains: What's a value investor to buy?
Some company will eventually make a killing from today’s collapse in natural gas prices. But when? And which company? Value investors usually only need to identify a bargain and then hang on until the rest of the stock market catches up with their thinking. But the...Apple and Google go head to head in China's mobile phone market
Ladies and gentlemen. In this corner, wearing the Macintosh red trunks, Apple (AAPL) and its partner China Unicom(CHU) In the other corner, wearing the Chrome trunks, Google (GOOG) and its partner China Mobile (CHL). That’s the lineup that’s about to cross...Nobody else could shake up the smart phone and net book markets this way but Apple. Oh, and give Google headaches too.
Not a bad’s day work for any company. You could have once described Apple (AAPL) as a niche company that produced cool products for a tiny sliver of the market. No more. On Monday, August 3, Apple demonstrated that although it may not have the market share of a...Here we go again! Remember how hard it is to exit a momentum market?
Investors have convinced themselves that the economy is getting better faster than they expected. Unfortunately, that’s the kind of emotional feedback loop that gets investors and markets in trouble. Know what the most important evidence these investors cite is...Look out for natural gas Monday
Last week it was oil companies reporting their earnings numbers. Monday investors get a big dose of numbers from natural companies. The earnings aren’t likely to be pretty although since many producers wrote down billions in assets last quarter–Chesapeake...What to look for today July 24: The traditional Friday selling after a rally
Thank God it’s Friday. After moving up so strongly–aother 4% gain on the Standard & Poor’s 500 stock index from Monday to Thursday–the stock market is almost certain to retreat tomorrow. But because it’s a Friday–and the market...Head to head: Apple versus Nokia. Which is the better stock to buy?
Apple (AAPL) crushed Wall Street estimates when it reported earnings on July 21. Earnings per share for the company’s fiscal third quarter grew 13% from the third quarter of 2008. Revenue grew by 12% in a quarter when almost no company is reporting any sales growth....Is the earnings rally starting to lose steam? Big surprises are moving stocks less
As earnings rallies drive along–and we’re sure in one now–investors gradually start to expect good news. More and more earnings surprises are anticipated by stock prices that start to climb before the results are reported. Part way through the...The natural gas glut: winners and losers
Got gas? The world has a lot more natural than anybody thought—if you count the unconventional supplies that once were out of reach to drillers. The world has 3,250 trillion cubic feet of unconventional natural gas resources, energy research company PFC Energy said on...Jim’s Daily Email Alerts:
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