Selling Salesforce out of my Jubak Picks Portfolio as shares hit target price
Salesforce (CRM) has hit my $185 a share target price. I’m selling it out of my Jubak Picks Portfolio with a 37.42% gain since I added that position back on November 1, 2018. Why sell rather than up the target price? A couple of four reasons for what amounts to...
Stock Pick of the Day: Taiwan Semiconductor (TSM)
Announcing a new feature–my stock pick of the day. With Taiwan Semiconductor as my first pick. The hoo ha at the end of last week over restrictions on the sale of U.S. semiconductors to China’s Huawei Technologies, high-lighted the central role that Taiwan...
Selling Synaptics out of my Jubak Picks portfolio tomorrow
When Synaptics (SYNA) traded at $40 I though the shares were undervalued. At $60 I think they’re close to full value. My target price on the stock is $64 and the shares closed at $58.51 today, up 2.94% on the day. Tomorrow I’m going to take advantage of...
Tech stocks acting like they’re good to rally to the end of the year
I’m using my Volatility Portfolio pick Cirrus Logic (CRUS) as an indicator of the trend in technology stocks–particularly chip stocks–through the end of 2019. (I track this portfolio on my subscription sites JubakAM.com and JugglingWithKnives.com.)...
A tale of two tech markets as Texas Instruments and Apple move in opposite directions.
Shares of Texas Instruments (TXN) closed down 7.48% today after the company reported that third-quarter earning felt $1.49 a share from $1.58 a share in the third quarter of 2018. Revenue dropped 11% year over year. On the other hand, shares of Apple continued to move...
Odd day: stocks rise on bank earnings oil falls on global growth fears
Good earnings news from big U.S. banks drove U.S. stocks higher today. As of 3 p.m. New York time, the Standard & Poor’s 500 was up 1.10% and the Dow Jones Industrial Average was ahead 1.03%. The NASDAQ Composite had climbed .28% and the Russell 2000 small...
Great day for chip stocks–and then Intel misses
Today’s regular session was great for chip stocks. The Vance Vectors Semiconductor ETF (SMH) was up nearly 6% on the day powered by earnings beats for the quarter from Texas Instruments (TXN) up 6.5%; Xilinx (XLNX) up 17.5%; and Lam Research (LRCX) up 14.8%. And...
“Lower guidance” a theme for tech earnings this afternoon
Most of the major U.S. stock indexes clawed their way back into the green after a mid-day journey into the red. The Standard & Poor’s 500, for example, closed the day up 0.22% (at 2638) from the Tuesday close. But that was still below the 2641 the index...
Why I can’t put away my bear market worries #2: Financials to tech earnings transition
The big banks have delivered to start off earnings season. And the financial sector has been a key source of strength for the uptrend in stocks since January 3. Over the last month, the Financial Select Sector SPDR ETF (XLF) is up 5.4% as of the close on January 17....
Is the next big tech stock thing, Chinese tech stocks?
There’s some evidence that the money that has left big U.S. tech stocks such as Facebook (FB), Netflix (NFLX), Microsoft (MSFT) and Amazon (AMZN) on some recent days has been headed into big Chinese tech stocks such as Tencent Holdings (TCEHY), Alibaba (BABA),...
Ominous weakening today, September 6, below the surface in U.S. stocks
I know it looks like nothing much happened in the U.S. stock market today, Thursday, September 6. After all the Standard & Poor’s 500 stock index was off just 0.37% and the Dow Jones Industrial Average was actually head by 0.08%. But below the surface,...
Tech wrecks U.S. stock market again today
After a week when plunging prices for chip makers made it hard for the U.S. indexes to make much headway, even after earnings beats from companies such as Netflix (NFLX), today the software and advertising technology stocks joined in the rout. That sent the Standard...
Amazon tanks after report that President Trump wants to “go after” the company
Well, why not? Shares of Amazon (AMZN) were down as much as 7.4% after Axios reported that President Donald Trump is “obsessed” with regulating the company and has discussed changing the way the company collects (or doesn’t) sales tax. The stock...
Tech giants crush earnings after close today: AMZN, GOOG, MSFT, INTC
Just the bare facts. And on the bare facts of earnings from Alphabet, Amazon, Microsoft, and Intel it’s hard to see the market doing anything but climbing tomorrow. Â Alphabet (GOOG) beats by $1.17 a share on earnings. Revenue climbed 23.7% yer over year to...
A wild week for earnings announcements
Enough changes in direction this week in earnings reports to keep your head spinning. We go from earnings results from the “old economy” to tech behemoths to Big Oil. This week starts off with a truckload of earnings reports from bellwethers of the...
Tech slide continues, casting doubt on “buy on the dip” strength
Anyone who bought technology stocks on the dip last Friday and Monday is feeling unhappy today. And that spells a worried market. Especially since key stocks in the sector such as Apple (AAPL) and Amazon (AMZN) are showing signs of breaking through important support....
Tech stocks down again but not a replay of Friday rout
Set off, or certainly encouraged, by a downgrade of Apple (AAPL) to neutral from buy at Mizuho Securities, tech stocks continued Friday’s retreat. But the speed of the drop has been much more measured during the first half of the trading day in New York. The...
How dangerous was Friday’s tech sell off? And what should you do about it? Get the scoop by signing up for your 30-days of free access to my paid JubakAM site. Hurry, though, there are only 6 days left to my 20th anniversary offer
What are you waiting for? You’ve only got 6 days left to take shameless advantage of me. To celebrate the 20th anniversary of JubakPicks.com I’m giving away 30-days of free access to my subscription site JubakAM.comm but that offer is only good until the...
Time to buy this dividend: Legal attacks push Qualcomm dividend to 3.9%
Here’s the really important pair of numbers that explains what’s happening to Qualcomm (QCOM). From its business of licensing patents for cell phones Qualcomm makes a gross margin of 61%. Apple (AAPL) had a gross margin of 39% in its most recent fiscal...
Oil continues to rally but oil stocks run out of fuel and tech stocks take down S&P
After yesterday’s surprise agreement to cut production from OPEC, oil prices have continued to climb–West Texas Intermediate was up 3.07% to $50.96 as of 3:15 p.m. New York time this afternoon–but oil stocks have stalled with such leaders from...
Apple earnings, revenue, and iPhone sales disappoint almost exactly as Wall Street had projected
Unfortunately for the price of Apple (AAPL) shares and for Apple shareholders, Wall Street estimates for the September quarter that Apple reported last night, October 25, were almost precisely on track. Apple beat earnings estimates by a penny, reporting $1.67 a...
Big test for Apple–and much of the rest of the tech sector–tomorrow with earnings
Apple (AAPL) is set to report earnings for the quarter that ended on September 30 (fiscal fourth quarter earnings for Apple) tomorrow after the market’s close. The stakes are higher than usual. Wall Street is forecasting that iPhone sales will be just 45 million...
Qualcomm acquisition of NXP Semiconductor looks to be moving ahead
Talks between Qualcomm (QCOM) and NXP Semiconductor (NXPI) are showing significant progress, according to a Bloomberg. Reporting by Bloomberg indicates that Qualcomm is the only company in talks with NXP about an acquisition. That is no rival suitors have emerged so...
Can Qualcomm “steal” NXP Semiconductor?
Update October 3. Thursday the Wall Street Journal reported that Qualcomm (QCOM) was in talks to buy NXP Semiconductor (NXPI) for somewhere around $30 billion or roughly $90 a share. On Friday Bloomberg reported that NXP had hired an investment bank for advice on any...Jim’s Daily Email Alerts:
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