Nvidia beats even the most optimistic earnings forecasts
esterday, May 22, after the market close, Nvidia (NVDA) crushed Wall Street projections for revenue and earnings for the company’s fiscal first quarter of 2025. Nvidia reported that revenue soared 262% year-over-year to a record $26 billion, marking an 18%...It’s a make or break earnings week for tech
I’m sure you’ve noticed. The technology sector, which led the stock market rally in 2023 and in the early days of 2024, is in a slump. The Technology Select Sector SPDR ETF (XLK) tumbled 6.27% last week and is down 7.16% in the last month. For 2024 to date, as of the...
Nvidia beats on earnings and revenue but falls short of highest expectations
Nvidia (NVDA) beat Wall Street expectations again. After the market close today, November 21, the company reported adjusted earnings per share of $4.02 on revenue of $18.12 billion for its fiscal third quarter. Analysts had projected adjusted earnings per share of...
A tough day for tech–Part 2, Bad news from Adobe (and selling Adobe out of my Volatility Portfolio on JAM)
Now that Fed day is done and behind us, we return to our regularly scheduled programming. Back on September 15, I posted “A tough day for tech–Part 1” after news on Taiwan Semiconductor Manufacturing (TSM) reporting that the company was slowing...
Selling Intel out of Jubak Picks to take profits ahead of PC sales weakness
I will sell Intel (INTC) out of my Jubak Picks Portfolio tomorrow, April 12. The position was up 14.55% as of the close on April 11 since I added it on February 8, 2023. Intel is set to report on April 27 and it will be an ugly quarter with Wall Street looking for a...
With banks still in crisis, are tech sector stocks a beneficiary?
Ok, so Dan Ives is talking his book (or sector at least) but he still raises an interesting point. (Dan Ives is a Managing Director and Senior Equity Research Analyst covering the Technology sector at Wedbush Securities since 2018.)With bank stocks in particular and...
Intel cuts dividend by 66%, stock drops just 2.26% on the day
So it wasn’t much of a surprise to most investors–although some of us were hoping that Intel (INTC) would hold its dividend steady after a big bond offering in the last few weeks. But today Intel cuts its dividend by 66% to 12.5 cents a share from a prior...
Odds rise that Intel will keep its dividend after bond sale, adding the stock to my Jubak Picks Portfolio
The possibility that Intel (INTC) would cut its dividend has been hanging over the stock price since the company announced one of the ugliest quarters I’ve seen in a while on January 26. No question why. Intel’s adjusted free cash flow was a negative...
Wall Street has second thoughts on yesterday’s Microsoft earnings
Yesterday, shares of Microsoft (MSFT) rose by more than 4.6% on an earnings report for the December quarter that showed the company slightly beating analyst estimates on earnings and training only slightly on revenue. Today, investors and traders had second thoughts....
Is the today’s jobs number a lagging indicator of labor market strength? Tech layoffs in the last few weeks say, Yes
On Thursday, November 3, Lyft (LYFT) said it would trim 13% of its staff, or around 683 people. Amazon announced a “pause” on corporate hiring after halting hiring in its retail division last month. And Apple (AAPL) has suspended hiring for jobs outside of...
Microsoft beats but tumbles on showdown in cloud revenue
Microsoft (MSFT) managed to beat Wall Street earnings estimates for its fiscal first quarter, reporting earnings of $2.35 a share versus the $2.29 expected by analysts after the market close on October 25. But the stock is down strongly today, October 26, on the...
Google kicks off Big Tech earnings with a stinker
Alphabet (GOOG) reported a drop of 24% in third-quarter earnings after the market closed on Tuesday, October 25. Gross revenue rose just 6% to $69.09 billion. In the third quarter of 2021, revenue grew by just 6% to $69.09 billion from the third quarter of 2021. In...
Selling ASML Holding today in an effort to get ahead of the trade war with China
Today I’m selling ASML Holding (ASML) out of my long-term 50 Stocks Portfolio. My take on Asmel hasn’t changed: this is one of the key chip equipment companies in the drive to produce smaller and denser chips. What has changed in the market and the global...
Micron’s revenue warning is shot across the bow of chip equipment makers
Yesterday, September 29, after the close of trading DRAM chipmaker Micron Technology (MU) reported fiscal fourth-quarter earnings of $1.35 a share and adjusted earnings of $1.45 a share. That was down from $2.42 a share in adjusted earnings in the fiscal fourth...
Please Watch My YouTube Video: Quick Pick Nvidia
My one-hundred-and-ninetieth YouTube video: “Quick Pick Nvidia” went up today. This week’s Quick Pick: Nvidia (NASDAQ: NVDA). I believe Nvidia will be the dominant chip stock for the next decade–but the stock is struggling during this bear...
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),...
Circle Apple’s September 7 product(s) launch for next big positive for embattled tech sector
If you’re looking for a catalyst to move slumping technology shares higher, circle September 7. That’s the date for Apple’s (AAPL) launch event to unveil the new iPhone 14 line. It’s just one–but the biggest–of Apple’s product...
What to sell in a Bear Market rally–and two sells for Monday, Omnicom and Alcoa
I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high...
I expect a test of the Bear Market rally this week–and maybe an extension of the move upwards
In July the Standard & Poor’s 500 gained 9.1%. The index went up 4.3% in the last week alone. The obvious question is how much longer does this rally have to run? The big test comes on Friday, August 5, with the jobs report for July. If it’s too...
A very busy week ahead–Ukraine and commodities, tech stock earnings, and, of course, the Fed on interest rates
What a week ahead. I’d expect speculation about what the Federal Reserve will say on Wednesday to dominate a very lengthy slate of market news. No real suspense about whether or not the Fed will raise rates at its July 27 meeting. The central bank has made it...
Today chip stocks climbed on prospect for Senate vote on $50 billion subsidy bill
The bill, known as the Chips for America Act, is a pared-down version of a broader set of competition measures and would authorize $52 billion in grants and loans for chip manufacturers, as well as a new, four-year 25% investment tax credit for chip making. Senate...
Please watch my new YouTube video: “Market gives Fed a raspberry”
My one-hundredth-and-thirtieth YouTube video “Market gives Fed a razzberry” went up today. Yesterday, the Fed announced that it would raise rates by 50 basis points but that it was not looking to raise by 75 at the June or July meetings. In response, the...
Two up days for chip stocks–did they just get too cheap?
Here’s what caught my eye yesterday, April 18. For a big change from recent losses, the chip group of stocks was all in the green. And not just by a pinch either. Yesterday Nvidia (NVDA) was up 2.47%: NXP Semiconductors (NXPI) was up 1.91%; Synaptics (SYNA) was...
Is the trend turning in favor of big tech growth stocks?
It’a always dangerous to construct a trend from Friday’s trading. Especially when the earlier part of the week has been so strong in one direction or another. (In this case, down, down, down.) Ahead of the weekend, stocks often reverse the trend from...
On second look market decides Microsoft earnings were good news
The reaction to Microsoft’s (MSFT) earnings report yesterday after the market close tells you that this market is poised at an earnings inflection point. Earnings, especially technology company earnings, are going to be strong this quarter, but the earnings...
Please watch my new YouTube video: 3 Picks on Tech Stock Guidance
I’m starting up my videos again–this time using YouTube as a platform. My ninetieth YouTube video “3 Picks on Tech Stock Guidance” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
It’s official: NASDAQ Composite is in a correction (thanks to the continued rout in tech stocks)
The Nasdaq Composite Index closed down 1.15% on Wednesday, January 19. That marked the first close for the index in correction territory since March. (The common definition of a correction is a drop of 10% or more.) The technology-heavy index is down 8.3% so far in...
Please watch my new YouTube video: 3 Picks for When the Tech Selling Stops
I’m starting up my videos again–this time using YouTube as a platform. My eighty-fourth YouTube video “3 Picks for When the Tech Selling Stops” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
What’s ahead for the stock market (and investors) in 2022? Here’s what to look for to drive the year
Looking ahead at 2022, it’s not too hard to list the forces that will drive the financial markets. Putting those forces together and blocking out a schedule for their effects on the stock market? Well, that’s a lot harder. But let me try. Here’s my...Jim’s Daily Email Alerts:
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