If this is such a great economy, why did Cisco and Palo Alto just cut cut guidance for 2024?
More real world dissent to Wall Street’s view that everything looks great for 2024. On Thursday Cisco Systems (CSCO) shares closed down 9.83% after the networking giant offered up significantly weaker-than-expected guidance for 2024. Wall Street analysts called...
It’s not all bad news for tech stocks: Palo Alto Networks beats, announces 3/1 split, and gains 12%
After the close on Monday, August 22, Palo Alto Networks (PANW) reported fiscal fourth-quarter (adjusted) earnings of $2.39 a share. Analysts had projected $2.28 a share. Revenue climbed 27% to $1.6 billion. On a GAP basis (generally accepted accounting principles),...
Palo Alto Networks beats, raised guidance again, gains 10.7% in after-hours trading
I’m actually surprised that shares of cyber-security company Palo Alto Networks (PANW) rose only 10.7% in after-hours trading after the company reported adjusted fiscal third quarter earnings of $1.79 a share. That was ahead of the adjusted earnings of $1.68 a...
Putin strikes back at Western sanctions; stock market expects more as cybersecurity stocks soar (and I’m adding SentinelOne to my Jubak Picks Portfolio today)
You didn’t expect Russian President Vladimir Putin to just shrug at Western sanctions that now include theU.S. Treasury clamping serious restrictions on Russia’s central bank, did you? Putin has banned all Russian residents from transferring hard currency...
So far it’s just a typical September slump
I found myself humming “I scare myself” this morning as the market continued its September selling. The Dan Hicks and the Hot Licks song pretty much sums up the market action this morning. We all know that stocks go down in September so we’re sending...
As promised in my YouTube QuickPick video on PANW, I’m adding OKTA to my cybersecurity picks
In last week’s YouTube video QuickPick of Palo Alto Networks (PANW) I promised a longer take on the cybersecurity sector and another pick for my portfolios to go with Palo Alto Systems and CrowdStrike (CRWD). This post is that (somewhat) longer take and OKTA...
Watch my new YouTube video: “QuickPick Palo Alto Networks”
I’m starting up my videos on again–this time using YouTube as a platform. My forty-fifth YouTube video “QuickPick: Palo Alto Networks” went up today. The post to add another cybersecurity pick to my portfolios will go up this evening. Palo Alto...
Investors see a theme to buy in CyberSecurity stocks today
Investors looking for a theme to buy in an expensive market where the Standard & Poor’s 500 hit a new all-time high yesterday today, June 11, looked to Cyber Security stocks. And why not with the newest round of ransomware attacks clearly not the last...
Keeping Palo Alto Networks with a big boost to my target price
After the close on Monday February 22 Palo Alto Networks (PANW) reported a loss of $1.42 million (or $1.48 a share) on revenue of $1.02 billion million for the company’s fiscal second quarter. Adjusted earnings–which exclude share-based compensation and...
GameStop Reddit trade plunges; money seeks new plays
As of 3:15 p.m. today, February 2, in New York, shares of GameStop (GME)were down 56.22% to $98.50. That a big drop from the January 27 closing high o #347.51, but it’s still significantly above th $17.25 price on January 4. Other stocks that have ridden the...
Are tech stocks the new hedge against slow economic growth?
The economic news today was at best “not terrible.” Initial claims for unemployment for the week showed a job market recovery that has stalled. Treasury Secretary Steve Mnuchin and House Speaker Nancy Pelosi adjourned their talks for another day without...
Everything was rosy until the last hour
At the high point during the day, the Dow Jones Industrial Average was up 2.2%. It closed with a gain of just 0.1% for the day. The trend wasn’t limited to U.S. stocks. The iShares MSCI Emerging Markets ETF (EEM) was up 1.26% at noon New York time but closed off...
5 smart, short-term moves while we wait for longer-term trends to resolve
Yesterday in my post “What do you do when the market is insane and you’re not?” I argued that one of the dangers in a very volatile market with strong–and temporarily profitable–short-term trends is that we’ll give in to the...
Good news out of Palo Alto Networks doesn’t count for much in a bear market–but enough to earn a hold from me
The problem isn’t that there’s no good news out of individual companies. It’s just that good news on specific stocks doesn’t count for much in a bear market when everything moves together in a single direction–most usually down. Take Palo...
#3 of my four “Not so easy pieces” for rebalancing my long-term 50 Stocks Portfolio: My four buys
In my most recent Special Report: When to sell: What to sell on my JubakAM.Com subscription site I recommended that any current rebalancing build up some cash. To implement that cash-building strategy, when you sell to rebalance a portfolio for 2020, buy fewer stocks...
Market says U.S.-Iran crisis is over–for a day, anyway
After last night’s Iranian attack on the U.S. troops stationed at two Iraqi airbases and a relatively restrained morning message from U.S. President Donald Trump, financial markets have decided to take profits in oil and cybersecurity stocks today. And wait for...
Oil is up but cyber security stocks up more on Iran crisis
As of 2 p.m. New York time today, January 6, U.S. crude benchmark West Texas Intermediate was up 0.17% to $63.16 a barrel. Â International benchmark Brent crude was ahead 0.34% to $68.83 a barrel. Both increases came on worries that Iran’s retaliation for the...
Adding Palo Alto Networks, #6 in my 10 Best Picks for the Rest of 2019 on JubakAM.com, to my Jubak Picks and Volatility Portfolios tomorrow
Today I made Palo Alto Networks (PANW) the sixth pick in my Special Report 10 Best Picks for the Rest of 2019 on my JubakAM.com subscription site. Tomorrow, June 28, I’ll add these shares to my Jubak Picks Portfolio and my Volatility Portfolio with a target...Jim’s Daily Email Alerts:
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