Nvidia crushes earnings; stock falls after hours
Okay, if you’re a trader I sort of understand selling Nvidia (NVDA) after today’s earnings report: Sell on the news; How can it get better? How long can the company keep it up? After all, the stock closed today just pennies below it’s all time high....
No surprise: Oil moves higher on day after U.S. pulls out of Iran nuclear deal
Some days you need to search for an explanation for a market move. Other days the explanation hits you over the head. Today crude oil is up, in a strong but orderly move. Two catalysts. First, yesterday President Donald Trump announced that the U.S. would pull out of...
SolarEdge Technologies beats on earnings and revenue; raises guidance
SolarEdge Technologies (SEDG), a member of my Jubak Picks portfolio, reported first quarter earnings today after the New York markets closed of 87 cents a share, 7 cents a share better than Wall Street projections. Revenue climbed 82.4% year over year (and 10.8% from...
Apple beats on earnings; iPhone sales of 52.2 million slightly below consensus of 52.3 million units
It wasn’t a big beat and iPhone sales weren’t wildly above consensus, but such was the fear and skepticism surrounding Apple (AAPL) that shares rose 3.61% in trading after the earnings announcement. The company reported earnings of $2.73 a share, five...
Merck moves lower in spite of earnings beat
This morning before the New York markets opened Merck (MRK) reported earnings of $1.05 a share, ahead of the $1.00 a share forecast by Wall Street analysts. Earnings were up 19.3% from the first quarter of 2017. Revenue grew 6% to $10 billion. That narrowly missed the...
McDonald’s jumps on earnings beat
McDonald’s reported a solid earnings beat of 12 cents a share ($1.79 vs expectations for $1.67) before the market opened today, April 30. Revenue fell 9.5% year over year to $5.14 billion but that was still ahead of the $4.97 billion Wall Street consensus for...
Positive catalysts are intact for Nektar Therapeutics
Shares of biotech rocket Nektar Therapeutics (NKTR) are down 23.25% since they traded at $106.91 on March 21, 2018. I can’t find evidence that the positive catalysts that led me to recommend the stock for my Jubak Picks portfolio and the options for my...
Statoil drops after 33% jump in profit falls short of Wall Street hopes
There’s no pleasing the market these days. Shares of Statoil (STO) fell 1.54% to $24.96 today after the company reported first quarter earnings of $4.4 billion, its highest quarterly profit in three years and 33% higher than in the first quarter of 2017. But the...
GOOG gets hit by market profit margin fears even after good earnings
Some times in the financial markets, the numbers aren’t as important as the narrative. I think that was the case with Alphabet (GOOG), Tuesday, April 24. Monday after the market close Alphabet reported first quarter earnings of $9.93. That was a healthy 64 cents...
Kinder Morgan raises dividend by 60%
he earnings results for Kinder Morgan’s (KMI) first quarter were in line; it’s 60% increase in the annual dividend was more aggressive than expected. Adjusted EBITDA (earnings before interest payments, taxes, and depreciation) was $1.90 billion for the...
What President Trump can actually do about Amazon–and what you should do about Amazon
Another day’s worth of tweets by President Donald Trump attacking Amazon (AMZN) and another day of losses for the stock. At 3 p.m. Monday New York time Amazon shares were down another 5.21% (in the midst of a meltdown in the technology sector, I’d note, so...
Bristol-Myers puts up potential $3.6 billion in deal for 35% of a Nektar cancer drug
In the deal announced today Bristol-Myers Squibb (BMY) pays Nektar Therapeutics $1 billion upfront, $850 million for stock valued at a price of $102 a share, and a potential $1.78 billlion in milestone payments in exchange for access to NKTR 214, a drug candidate...
Diamondback Energy beats on earnings and starts dividend
After the close of New York trading today, Diamondback Energy (FANG) announced fourth quarter earnings of $1.56 a share (excluding one-time items). That beat the Wall Street consensus by 5 cents a share. Revenue climbed 116% year over year to $399 million, above...
Corning drops on accounting loss from tax cut bill
Shares of Corning (GLW) took a 5.61% hit Tuesday, January 30,as the company reported a huge quarterly loss of $1.66 a share–or $1.412 billion. But all that loss was due to a $1.8 billion accounting write down as a result of the Tax Cuts and Jobs Act. Excluding...
Autoliv earnings beat and spinoff plans buck yesterday’s market plunge
While the Standard & Poor’s 500 stock index was falling 1.04% yesterday and the Dow Jones Industrial Average was giving up 362 point, auto safety supplier Autoliv (ALV) was busy climbing 8.07% on the day to close at $149.48. (The stock, a member of my Jubak...
PayPal beats on earnings and revenue, but falls after hours on profit taking
PayPal Holdings (PYPL) reported fourth quarter earnings of 55 cents a share, 3 cents a share above Wall Street estimates, and revenue of $3.71 billion (on a foreign-exchange neutral basis) vs projections for $3.63 billion. Revenue climbed 24% year over year for the...
Two big deals for Tencent Holdings support valuation
First, on January 15, China’s Tencent Holdings (TCEHY) announced that it would partner with privately-owned Lego to develop a Lego streaming video zone for children on Tencent’s video platform and create Lego-branded games for Tencent’s gaming...
Starbucks disappoints in quarter but recovery in 2018 is on track
Blame it on Christmas Tree Frappuccino. On Thursday, January 25, after the market close Starbucks (SBUX) reported December (fiscal 2018 first quarter) earnings of 58 cents a share (excluding one-time tax benefits.) The results were ugly on the revenue side where the...
Helmerich & Payne completes its recovery from 2017 drilling slump; keeping the stock in my Dividend Portfolio
Helmerich & Payne (HP) reported December quarter (first quarter of the 2018 fiscal year) earnings of $4.57 a share. As they say on Wall Street–that $4.57 a share may not be comparable to the Wall Street analyst consensus estimate of a loss of 13 cents for...
Turmoil isn’t done in lithium sector with volatility at SQM and ALB
The announcement of a deal between Sociedad Química y Minera de Chile (SQM) and Chile’s development agency CORFO that resolves a long-standing dispute on royalty rates and that would allow SQM to expand lithium production from the brines at government-owned...
Apple gets a two-pronged roasting and the stock stumbles
Apple (AAPL) is getting hit from two directions in the closing days of 2017. On the negative news Apple fell 2.5% yesterday, December 26. The shares rebounded very slightly–0.02%–today. The first bad news came yesterday as analysts cut their estimates for...
Lithium producer SQM soars after Chilean election
Quite a good two days for Sociedad Quimica y Minera de Chile or SQM for short. The Chilean producer of lithium climbed almost 8% yesterday and tacked on another 2.8% today. The shares (SQM) are now up 11.47% since I added them to my long-term 50 Stocks Portfolio back...
Synaptics announces top 5 phone OEM will use its in-display fingerprint sensor
This is the kind of news that the very patient investors in Synaptics (SYNA) have been waiting for. The specialist in touch-screen display technologies have announced that a top OEM will put its in-display fingerprint sensors into mass production. The phone maker will...
One less competitor for Corning in optical fiber
Corning (GLW) will buy the Communication Markets Division of 3M (MMM) for $900 million. The 3M division has approximately $400 million in annual sales of high bandwidth and optical fiber products. Corning expects the acquisition to add 7 cents to 9 cents to its fiscal...
China’s Tencent Holdings buys a stake in Spotify before that company’s IPO
China’s leading Internet gaming and entertainment company Tencent Holdings (TCEHY) has swapped stakes with music streaming company Spotify. Tencent Music Entertainment (TME), the unit of Tencent Holdings that manages its music streaming and karaoke services,...
Time to buy Incyte on the biotech dip
Maybe you didn’t even know there was a biotech dip. If all you’ve been following in the sector is a stock like Nektar Therapeutics (NKTR), a Jubak Picks member (and the call options are a holding in my Volatility Portfolio), you’re likely to respond...
No signs of danger to HDFC Bank from India’s online revolution–in fact, on the contrary…
It’s only sensible to worry about numbers like these–they’re just so deliciously good. For the last 10 years, India’s HDFC Bank has been able to grow its loan portfolio by 31% annually. It’s deposit base has expanded at almost the same...
Cheniere Energy reports third quarter earnings below consensus but revenues show a strong beat–I’m raising my target price to $62
Yesterday Cheniere Energy (LNG) reported a loss for the third quarter of $1.24 a share, 74 cents a share worse that the Wall Street consensus. Revenue climbed 202% hear over year to $1.4 billion against Wall Street projections of $1.27 billion. The company also...
Robots, robots everywhere: Good for long-term pick Fanuc
The International Federation for Robotics latest report forecasts a 15% compounded annual growth rate for global shipments of industrial robots through 2020. That would follow 16% to 18% annual growth in 2016-2017. By 2020 annual unit shipments are estimated to reach...Jim’s Daily Email Alerts:
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