Natural gas prices soar–no summer slump in prices this year thanks to war in Ukraine
Normally at this time of year natural gas prices retreat and companies actually stash natural gas in storage for use during hurricane outages in the fall and winter heating season. Not this year, however. Today natural gas prices in the U.S. hit a new 18-year high. At...
Microsoft beats earnings estimates on cloud computing
On Tuesday, April 26, Microsoft (MSFT) reported net income of $16.73 billion or $2.22 share for the company’s fiscal third quarter. That was up from net income of $15.46 billion or $2.03 a share in the third quarter of fiscal 2021. Wall Street analysts had...
Visa’s earnings beat one more sign that post-Pandemic travel is back
After hours on Tuesday, April 26, Visa (V) reported earnings of $1.70 a share. That modestly beat analyst projections of $1.65 a share for the quarter. But it was a big jump from the $1.35 a share in the first quarter of 2021. Visa said payment volumes rose 17% and...
Microsoft beats earnings estimates on cloud computing
On Tuesday, April 26, Microsoft (MSFT) reported net income of $16.73 billion or $2.22 share for the company’s fiscal third quarter. That was up from net income of $15.46 billion or $2.03 a share in the third quarter of fiscal 2021. Wall Street analysts had...
Good enough earnings from Coke and Pepsi, adding both to additional portfolios
Neither company crushed Wall Street earnings expectations, but both reported good enough news in a very tough environment. I own PepsiCo in my long-term 50 Stocks Portfolio, where it was up 220.4% from my initial December 30, 2008 pick as of the close on April 26. I...
Please watch my new YouTube video: “Quick Pick Booking Holdings Update”
My one-hundredth-and-twenty-fourth YouTube video “Quick Pick Booking Holdings Update” went up today. Today I’m updating my Quick Pick from about a month ago to say that this last week’s earnings report from Delta (DAL) plus optimistic forecasts...
Buying Booking Holdings in my Jubak Picks Portfolio tomorrow, April 22.
Just a quick bookkeeping post. In my Quick Pick video Update just posted, I noted that I would be buying shares of travel booking global marketshare leader (or co-leader) Booking Holdings (BKNG) tomorrow, Friday, April 22 in my Jubak Picks Portfolio. I’m setting...
Another round of higher oil prices headed our way
Today, April 21, reports from a number of different sources are pointing to lower oil production–which will mean higher oil prices. Even from current levels. And oil prices are significantly higher in the past three weeks. At 3:00 p.m. New York time today U.S....
Lessons from Netflix for all consumer stocks
Today, as we watch Netflix (NFLX) edge toward a drop of 35% at the close on yesterday’s huge earnings disappointment, the name of the game is “Find the new Netflix.” Other streaming service companies? Sure. An obvious choice. Shares of Disney (DIS)...
I’d be surprised if today’s oil price weakness persists
Oil is down strongly today with U.S. benchmark West Texas Intermediate lower by 5.13% to $102.61 a barrel. You don’t need to look in obscure, dark corners of the financial market for the reason. The IMF sharply cut its forecast for global growth today and China...
Delta spikes on earnings and forecast of rebound in summer travel
Delta Air Lines (DAL) reported a smaller than expected first quarter loss today and shares rose strongly after the company said a strong rebound in summer traffic would turn results positive in the second quarter. As of noon New York time Delta shares were up 4.51%....
Trimming bank stocks ahead of earnings: Selling WFC and KBWB ETF
Just want to make sure that no one missed the sell recommendations in yesterday’s Saturday Night Quarterback post on my subscription JubakAM.com site. Big banks will kick off another earnings season beginning with JPMorgan Chase (JPM) on Wednesday, April 13....
Airline stocks soar before Delta earnings
As of 3 p.m. New York time Monday, April 11, airline stocks were rallying strongly ahead of Delta Air Lines (DAL) earnings report Wednesday morning. The stocks gave up some ground at the close but still finished the day strongly Delta shares were up 4.68% at 3 p.m....
Please watch my new YouTube video: “Time to buy oil on the dip”
My one-hundredth-and -nineteenth YouTube video “Time to buy oil on the dip” went up today. We’ve had a pretty good dip over the last few days in oil prices. I think that comes from a trading pullback from a quick run-up in prices, as well as optimism...
Buying “Recession Pick” Walmart for my Jubak Picks Portfolio
Tomorrow I will add shares of Walmart (WMT) to my Jubak Picks Portfolio. The stock is one of the 12 “Recession Picks” in my current Special Report: A Recession is Coming–Three Portfolio Strategies for a Recession; and 12 Recession Stock Picks on my...
Is that a European breeze at the back of these wind power stocks?
A couple of days doesn’t a trend make, but the trading action in European wind stocks has caught my eye in the last week or so. Yesterday, Wednesday, March 30, wind turbine maker Vestas Wind Systems (VWDRY) gained 5.80%. That took the stock to a gain of 4.60% in...
Tesla to split so it’s time to buy Costco
Tesla (TSLA) announced today that it will ask shareholders for permission to split its stock. No news yet on what the ratio of the split will be, but on the news shares of Tesla were up 8.03% at the close today, March 28, to $1,091.84. That split comes on the heels of...
Buying Bloomberg Agricultural Commodities ETN for Jubak Picks on Monday
With the war in Ukraine continuing its horrible grind and with economic sanctions imposed on Russia by the United States and Europe including more and more of the global economy, I’ve been looking for ways to invest in higher commodity prices. My steps have...
Please watch my new YouTube video: Quick Pick Agricultural Commodity ETN JJA
I’m starting up my video again–this time using YouTube as a platform. My one-hundredth-and fifteenth YouTube video “Quick Pick Agricultural Commodity ETN JJA” went up today. This week’s Quick Pick is an ETN that tracks agricultural...
My first “Recession Preparation” sell: Lululemon
Projections schedule a potential Recession for the second half of 2022 or 2023. Fears of that impending trend will begin to be felt in stock prices before that. The sector most likely to feel the effects of any Recession–and thus the sector most likely to first...
Please watch my new YouTube video: Three Recession Stock Sells
I’m starting up my video again–this time using YouTube as a platform. My one-hundredth-and fourteenth YouTube video “Three Recession Sells” went up today. This week’s video takes a look at what I’m calling consumer discretionary...
Australia ban on alumina shipments to Russia keeps aluminum rally hot–raising my target price on Alcoa
Shares of Alcoa (AA) took a breather today, March 22, from their torrid run. At the close Alcoa was down 0.89% But I think the stock will go higher from here. On Sunday Australia banned alumina shipments to Russia in response to the Russian invasion of Ukraine. The...
Please watch my new YouTube video: Three great summer trades get tricky
I’m starting up my videos again–this time using YouTube as a platform. My one-hundredth-and fourteenth YouTube video “Three great summer trades get tricky” went up today. Special extra video this week! Ahead of tomorrow’s Quick Pick (no,...
Airlines climb on oil drop, traffic pickup–now it gets tricky
Oil prices collapsed. And airlines reported a better than expected pick up in traffic. So airline stocks soared with the most stressed operators showing the biggest gains in their shares. Delta Air Lines (DAL) closed up 8.70% on the day. United Airlines (ULA) picked...
U.S. to ban Russian oil and natural gas–Brent hits $131 a barrel, WTI $127
The United States will ban imports of oil and natural gas from Russia, President Biden announced Tuesday. I’ve tried to pin down the exact timing and implementation of the ban (I don’t see these details in the executive order as released by the White...
More disruptions to the global chip supply chain-I’ll do some trimming in the sector tomorrow by selling ASML, LRCX, and IFNNY
Right now investors and traders are getting a crash course in how vulnerable global supply chains are to disruption–especially when they become really extended. And how a supply chain disruption can ripple out in unexpected directions thanks to the complexity of...
Airline stocks take another whack on fears that higher jet fuel prices will require many to sell stock to raise capital
As far as I’ve been able to discover, it was a research note from Wolfe Research that began the negative “rethink.” Wolfe forecast that the airlines including United Airlines (UAL) and American Airlines (AAL) were burning cash so fast because of the...
Please watch my new YouTube video: Trend of the Week Auto Supply Stocks
I’m starting up my videos again–this time using YouTube as a platform. My one-hundredth-and seventh YouTube video “Trend of the Week Auto Supply Stocks” went up today. Two big deals for auto suppliers have Wall Street excited! Last week,...
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...Jim’s Daily Email Alerts:
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