Too early to buy CrowdStrike on the dip–wait until just before the September 4 earnings report
Nothing like being at the center of the largest IT “event” in history to send a stock tumbelling. Last week CrowdStrike (CRWD), one of the biggest makers of cybersecurity software, pushed out a flawed update that caused an error in the Microsoft Windows operating...
Hold onto Nvidia for Blackwell chip launch–it’s a big deal even for the AI rocket
If you own Nvidia (NVDA) shares or are thinking of buying them post the stock’s 10 for 1 split, I know you’re trying to figure out 1) how much more upside is there to Nvidia’s shares, and 2) how much more valuable can a stock with a $3 trillion market cap get? You’re...
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%...
Apple’s smartphone market share slide continues
pple has lost its spot as the world’s biggest mobile phone seller, IDC reported today, April 15. A steep drop in sales in China for Apple let South Korean rival Samsung retake the lead in global market share. Samsung had been the biggest global seller of mobile phones...
Tesla shocks Wall Street with size of quarterly sales drop
Yesterday, April 2, Tesla (TSLA) reported that it delivered just 386,810 vehicles in the first three months of the year. That was the biggest difference between actual sales and Wall Street sales estimates in data going back seven years, according to Bloomberg. Most...
Apple shareholders looking at an even more volatile six months–buy, sell, or hold (and when)
Apple (AAPL) is likely to take its shareholders on an even wilder ride in the next six months than they’ve been on since the December all-time high at $199.62. The end result, I think is likely to be a renewed rally beginning in the fall–if you can either hold...
Inflation, AI, and auto news headline a short market week
Lots of important news on inflation and on the auto sectors and from Adobe on developments in AI this week. With some strange wrinkles in timing due to the short Good Friday week. Inflation first, because that’s where timing is so strange. At 8:30 a.m. New York time...
Buy/Sell/Hold Apple: Sell
Apple (AAPL) shares are down 12% for 2024 to date as of March 5. But I don’t think Apple’s troubles are over. And it will take some pretty fast talking at the June WWDC (World Wide Developers Conference) to reverse the downtrend in the shares. Absent a...
Here’s why lithium producer Albemarle was down 17.9% today
Today lithium producer Albemarle (ALB) announced that it would sell $1.75 billion in ADRs to fund capital spending during the collapse in lithium prices. The offer will be for a mandatory convertible preferred with a 7% to 7.5% coupon. The plunge is a reaction to the...
Buy, sell, hold: Buy Novo Nordisk NVO
Back on February 20, I posted a YouTube video recommending a buy of Novo Nordisk (NVO). In the video, “Buy GLP-1,” I said that the stock, along with Eli Lilly (LLY) was riding the momentum of increased sales of GLP-1 drugs, originally developed to treat...This week it’s a battle between AI and inflation
This week I expect a battle for the market’s attention between the continued AI monster momentum story and the macro story on inflation and interest rates. Will the extreme AI momentum that ended the week–with Nvidia (NVDA) up 4.0%, and Advanced Micro Devices...
Need more GLP? Buying Viking Therapeutics on trial results
Yesterday, February 28, development-stage biotech Viking Therapeutics (VKTX) announced results from a Phase 2 trial of its GLP-1 weight-loss drug candidate that that showed the potential for the VK2735 compound to be best in class in the $36.5 billion (revenue) market...
Nvidia lifts most but not all tech boats
Yesterday, Thursday, February 22, Nvidia (NVDA) gained 16.40% at the close after beating Wall Street expectations on earnings and revenue after the market close on Wednesday. And then raising guidance for the rest of 2024. I think it’s safe to say we’re in the midst...
Nvidia beats; stock picks up 7% in after hours trading
Well, optimistic analysts just weren’t optimistic enough about Nvidia’s (NVDA) fourth quarter 2023 earnings. The company reported adjusted earnings of $5.16 per share on revenue of $22.1 billion. Analysts were expecting earnings of $4.60 a share and revenue of...
Yes, I’d buy Palo Alto Networks today–with these caveats
After yesterday’s earnings report–the company beat Wall Street estimates for the quarter–and radically lowered guidance for the next quarter and the rest of 2024–total billings for next quarter will grow by just 2% to 4% and revenue for all of 2024...
Want to know where the market is headed? Watch the reaction to a Nvdia beat
The market reaction to Nvidia’s (NVDA) earnings report, to be released after the close on Wednesday, February 21, will tell investors a lot about the short-term direction of this stock market. We’re likely to learn more, however, from the reaction to an Nvidia...
Get ready for the Nvidia circus
Can you hear the barkers yelling to the crowd? It’s Wall Street analysts rushing to raise their target prices for Nvidia (NVDA) ahead of next week’s quarterly earnings report. On February 21, after the close, Nvidia is expected to report earnings of $4.18 share, up...
Visa beats but falls on guidance–that’s what “priced for perfection” means
After the close Thursday, Visa (V) reported earnings of $2.41 a share (after adjusting for one-time items) for the December 2023 quarter. (That’s the company’s fiscal first quarter.) Analysts had been looking for $2.34 a share in adjusted earnings. Revenue grew...
Big news for the week ahead isn’t the Fed meeting but Apple earnings report
Yes, it’s a Federal Reserve meeting week, but I expect Apple’s (AAPL) earnings report for its December quarter to be the big event of the week. With the potential to move the tech sector and the market. Fed first. The Fed’s interest rate setting body, the Open Market...
3M plunges as company delivers exactly the kind of bad earnings news investors fear
3M (MMM) fell 11.03% today, Tuesday, January 23, the most in nearly five years, after announcing projections for 2024 sales and earnings below Wall Street expectations. Now granted that 3M is a special case–the company is engaged in a huge restructuring effort...
BYD climbs over Tesla to become No. 1 in electric car deliveries in the fourth quarter
This change at the top of the electric car market was widely expected. The only debate was whether it take place in the last quarter of 2023 or early in 2024. Now, we know. With both Tesla (TSLA) and BYD (BYDDF) reporting fourth quarter delivery numbers in the last...
Apple hit with patent judgment that puts quarterly sales growth in question
The hope among investors and on Wall Street was that Apple (AAPL) would show revenue growth when it reported its fiscal first quarter earnings in January. That growth would be the first in a year after four straight quarters of falling sales. That’s the longest streak...
Moderna shares jump today on positive results in skin cancer vaccine trials
Shares of Moderna (MRNA) were up 13.67% to $89.15 as of noon New York time today, December 14. They closed ahead 9.25% at $85.87. A vaccine developed by Merck and Moderna helped prevent the recurrence of severe skin cancer for three years, according to new results...
Gold hits record high–Don’t chase gold; buy gold stocks
Gold (for February 2024 delivery) was trading at $2087 an ounce on New York Comex today, December 1. That easily beats the old record high of $2051.50 an ounce back in August 2020. The shiny metal is up 12% from $1830 an ounce in early October. The SPDR Gold Shares...
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...
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...
The big pay off for Eli Lilly is still ahead
Back on August 18, I posted a buy for Eli Lilly (LLY). I said the stock was over-valued but would likely get more so. At the time Lilly shares were 46% over-valued according to Morningstar. Yesterday November 8, the stock was 68% over-valued. And even after a plunge...
Apple revenue falls again, warns holiday quarter will be flat
So let’s see how the market takes this tomorrow. Today stocks staged an impressive upside more. The Standard & Poor’s 500 closed up 1.89% and the NASDAQ Composite ended the day 1.78% higher. The small cap Russell 2000 was the day’s best...
The biggest good news from Barrick Gold’s earnings aren’t the earnings
Yesterday, Thursday, November 2, Barrick Gold (GOLD) reported earnings of 24 cents a share for the company’s this quarter. That was ahead of the 21 cents a share consensus estimate among Wall Street analysts. In the third quarter of quarter of 2022, the company...Jim’s Daily Email Alerts:
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