Further lowering China exposure in my portfolios
This morning Wall Street is buzzing with talk that the U.S.-China trade war could stretch on to 2035. I think there’s just about no chance of that. But we aren’t looking at the quick resolution of the dispute that seemed possible just 10 days ago. And we...
Cisco earnings on May 16 powered the market; Cisco gained 6.66% on the day and another 0.75% today, May 17
Yesterday, May 16, earnings from Cisco Systems (CSCO) and Wal-Mart (CSCO) before the open powered U.S. stocks higher to start the day.So what did Cisco say? (I reported on Wal-Mart in a post yesterday.) Cisco reported earnings per share of 78 cents for the...
Recent weakness good opportunity to pick up Disney for patient, long-term investors
Every so often the calendar and the movie release schedule give patient long-term investors a chance to buy Disney (DIS) on some mild weakness. That’s where we are now. The stock pulled back slightly after the company announced first quarter earnings on May 9 of...
Tariffs up, talks end, Chinese retaliation next
Whatever the ultimate end point of the trade talks between the United State and China, the next step is almost certainly the announcement of retaliatory measures by China in the wake of the Trump administration’s decision to raise tariffs on $200 billion of...
Middleby sees 17.4% revenue growth, stock pulls back slightly on earnings miss
Yesterday, May 8, Middleby reported earnings of $1.24 a share, 10 cents a share below Wall Street estimates. Revenue for the first quarter climbed 17.4% from the first quarter of 2018 to $686.8 million, slightly above the $683.01 million Wall Street projection. Gross...
Pioneer Natural Resources gains on earnings beat, production increase, and asset sales
A complicated but very positive quarter for Pioneer Natural Resources (PXD.) The stock, a member of my long-term 50 Best Stocks Portfolio, climbed 3.92% today to $153.77. First, after the close on May 6, the company announced earnings of $1.83 a share, 20 cents a...
Amazon signals slowdown ahead; Wall Street doesn’t believe it
Great first quarter for Amazon (AMZN.) On Thursday, April 25, Amazon reported earnings of $7.09 a share, $2.43 a share better than Wall Street expected. The company’s cloud unit, AWS, reported a 42% increase in revenue, 59% jump in operating income and a surge...
Renewed bid from Occidental for Anadarko adds heat to Permian M&A
The battle for control of Anadarko Petroleum (APC) and its huge position in the oil shale geologies of the Permian Basis isn’t over. Yesterday, Wednesday, Occidential Petroleum (OXY) made a renewed bid to acquire Anadarko. The 50%/50% stock and cash offer from...
Why did Apple settle with Qualcomm now? Can you say 5G?
Why did Apple (AAPL) settle a dispute that had dragged on for two years with Qualcomm (QCOM) now? How about because troubles at Intel (INTC) threatened to leave Apple without the 5G modem chips it needed for a new 5G iPhone? And that threatened to put Apple a year or...
Permian goes from tepid to red hot again on Chevron bid for Anadarko
Chevron (CVX) has agreed to buy Anadarko Petroleum (APC) for $33 billion in cash and stock. On the news shares of Anadarko are up 32.5% to $61.85. Shares of Chevron are off 4.91% to $119.81.Meaured by oil and natural gas production, the deal puts Chevron neck-and-neck...
Copper meeting bullish on projected supply deficit
The big Cesco copper conference in Santiago, Chile, has been remarkably bullish considering worries about global economic growth and the Chinese economy. That’s because there looks like a significant gap in the development of new supplies in 2019 and 2020 that...
Why are shares of China Southern Airlines up 12% today?
I can’t find any news that explains why shares of China Southern Airlines (ZNH) are up 12% today. The entire Chinese market is higher on positive news on the U.S.-China trade talks, but that’s been good for gains like 0.56% on JD.Com (JD) and 0.85% on CTRP...
More cash flow ahead for 50 Stocks pick Cheniere Energy
At the moment everything is running Cheniere Energy’s (LNG) way. And while natural gas remains a cyclical sector and subject to the ebbs and flows of global growth, catalysts are very strong for this member of 50 Stocks Portfolio. Catalysts? Let me count them...Adding 50 Stocks pick VMC to Jubak Picks Portfolio as well
If politicians are to be believed Vulcan Materials (VMC) would be my perfect earnings recession stock. Revenue and earnings look on a steady uphill trend in 209, after carving out that track in 2018. The company’s business is almost totally domestic. And...
Ya betta listen when Cummins talks business cycle
Some companies you listen to because their stocks themselves are good investments–and because of their insight into a big chunk of the economy and trends in the economy. For example, I pay attention to what Deere (DE) says in its quarterly earnings report...
Amazon earnings results mean hotter war with Google and Facebook in digital ad space
Nothing wrong with 20% year over year revenue growth–unless, of course, you’re Amazon (AMZN). On Thursday, January 31, the company reported that revenue growth in the fourth quarter–the strongest retail quarter of the year–had at 20% come in at...
Adding Intuitive Surgical to my long-term 50 Best Portfolio
Today, January 30, I added Intuitive Surgical (ISRG), one of my 10 Best Buys for After the Bear and an artificial intelligence pick from my Next 3 Big Things Special Report (both running on my subscription JubakAM.com site), to my long-term 50 Stocks Portfolio. The...
China ends its freeze on new game titles–good for Tencent soon-ish
China’s media regulators have ended a nine-month freeze on the approval of new video games in the $30 billion Chinese market. Global industry (and Chinese market leader) Tencent Holdings (TCEHY) didn’t have a title among the 80 new games approved, but the...
Apple cuts revenue forecast, drops 7.6% in after-hours trading
Will Apple’s (AAPL) warning spook stocks tomorrow, Thursday, January 3, to a degree that bad economic news out of China didn’t today? After the close in New York Apple CEO Tim Cook dramatically lowered the company’s estimates for sales in the...
Adding Vulcan Materials, first Global Warming pick, to 50 Stocks Portfolio
Today I made Vulcan Materials (VMC) my first pick in my Special Report: Is Your Portfolio Ready for Global Warming and I’m also adding the shares to my long-term 50 Stocks portfolio. As the most recent hurricanes have confirm, the Southeastern United States is...
Pioneer authorizes huge increase in buyback program in note of confidence on cash flow
We all know that companies can authorize stock buybacks and never carry them out, but, nonetheless the big new buyback program authorized by Pioneer Natural Resources (PXD) is a significant sign that of the company’s confidence in its cash flow. (As well as an...
Mixed news in Alibaba’s new Singles’ Day sales record
The 10th annual Singles’ Day sales frenzy on November 11 resulted in a new record at China’s Alibaba (BABA) for one-day sales of $213.5 billion yuan ($30.7 billion.) This year merchandise sales for the world’s largest off-line and on-line shopping...
50 Best Stocks Portfolio pick Pioneer Natural Resources gives back a bit of its post earnings pop
On Monday, after the close of the New York market, Permian Basin oil shale power Pioneer Natural Resources (PXD) reported third quarter earnings of $2.07 a share, 39 cents a share above the Wall Street consensus projection. Revenue climbed 112.2% year over year to...
How could Apple be so stupid?
Let’s see. You’re a company running into serious global headwinds in a maturing (or mature market) that are raising huge doubts about your ability to increase unit sales quarter to quarter for your core product. You: a) Grimly admit that unit sales are...
Facebook rises after-hours as disappointing growth not as bad as bears expected
It really, really helps if lots of traders and investors hate your stock going into earnings. Then you can, as Facebook (FB) did today, announce quarterly results that fall short on revenue ($13.73 billion versus consensus projections for $13.8 billion), and daily...
Amazon falls after hours on disappointing guidance
Shares of Amazon (AMZN) climbed 7.09%, 117.97 points, in the regular session today on hopes for a good earnings report after the market close. The company delivered an earnings beat for the current quarter, reporting earnings of $5.75 a share, $2.66 better than the...PayPal pops on earnings report
PayPal Holdings (PYPL) closed up 9.42% today to $84.78 on third quarter earnings, announced after the close yesterday, that beat Wall Street projections. Analysts had expected 54 cents a share against a report of 58 cents a share. Revenue of $3.68 billion beat the...
Oil sells off as Hurricane Michael goes from “rumor” to “fact”
Today’s drop in oil prices looks to me to be a classic buy on the rumor sell on the fact trade. U.S. benchmark West Texas Intermediate dropped 2.81% today to $72.85. International benchmark Brent crude fell 2.68% to $82.72 a barrel. Yesterday oil moved up as...
Oil moves higher today on Hurricane Michael, IEA supply warning
U.S. benchmark West Texas Intermediate crude climbed 0.7% today to close at $74.81 a barrel. International benchmark Brent crude rose 1.23% to $84.94 a barrel. The International Energy Agency warned of what it termed a “risky situation; the oil markets are...Jim’s Daily Email Alerts:
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