Jubak Picks
February 21, 2023 | CCJ, Daily JAM, Jubak Picks |
Today I posted my two-hundred-and-thirty-ninth YouTube video: Quick Pick Cameco Today’s Quick Pick: Cameco (NYSE: CCJ). I’m not a fan of nuclear power. Relying on an energy source that produces waste that will remain radioactive for thousands of years when we have no real solution for long-term disposal, is, to me, not the best idea. However, we’ve waited so long to deal with climate change and we still haven’t upgraded the grid so that wind and solar can replace current baseload power sources, so nuclear power will remain in the mix longer than expected. And might even see an increase in its share of the electricity market. Cameco is one of the largest producers of uranium in the world. The company has a lot of capacity that it can bring back into production since it shut down a number of mines when demand for uranium was down. The stock is up about 35% in the last year, 30% year to date, and 16% in the last month. For the trailing 12 months, the company was actually profitable ($116 million), following a loss in 2021 and 2020. You may want to wait for another dip in the general stock market for this one, or dollar cost average into it, but for global warming solutions, this is a good play since we’ve dragged our feet until we’re in an emergency that will require non-optimum, shall we say, solutions. I’ll be adding the stock to my Jubak Picks Portfolio tomorrow, February 22.
February 21, 2023 | Daily JAM, Jubak Picks, Morning Briefing, WMT |
Today, February 21, Walmart (WMT) reported s 76% year-over-year jump in earnings to $1.71 a share. Wall Street analysts had forecast earnings of $1.52 a share for the fourth quarter. Revenue rose 7.3% to $164 billion. Comparable store sales gained 8.3%. All that pushed the company’s shares higher today with the stock up 0.59% at the close. But Walmart’s cautious guidance for the rest of 2023 helped send the general market lower.
February 20, 2023 | ADBE, Daily JAM, Jubak Picks, Long Term, MSFT, NVDA, Special Reports, Top 50 Stocks |
You can understand the gold rush: One AI stock is up 105% (and 78% in the last month) in 2023 as of the February 17 close.
But are shares of that company, the software artificial company C3A (AI), the stock you want to own, or is this stock simply a beneficiary of hot money jumping on anything that sounds like artificial intelligence? As one market observer put it on Seeking Alpha recently, “The ticker is more valuable than the company.” This doesn’t mean that the current revolution in artificial intelligence isn’t real. And here I give you my 7 picks for investing in the latest AI revolution
February 16, 2023 | CHPT, Daily JAM, DIS, EVGO, Jubak Picks, Millennial, NVDA, Top 50 Stocks, TWLO, Volatility |
The rally on February 15 sure looked like a speculative blowout of the kind that often signals a market top. For me, it was the last straw and I’m selling into the rally. This post tells you what I’m selling and how I arrived at these decisions. But first, a few words on Wednesday’s move.
February 8, 2023 | Daily JAM, EQNR, Jubak Picks, Volatility |
Today, Wednesday, February 8, Equinor (EQNR) reported a record $74.9 billion adjusted operating profit for 2022. That more than doubled the previous record. If you’re looking to add an energy stock to your portfolio ahead of a year that looks likely to be a good one for energy stocks, I’d suggest Equinor. I’ll be adding it to my Jubak Picks Portfolio tomorrow with a target price of $40 a share.
February 8, 2023 | Daily JAM, Dividend Income, INTC, Jubak Picks |
The possibility that Intel (INTC) would cut its dividend has been hanging over the stock price since the company announced one of the ugliest quarters I’ve seen in a while on January 26. No question why. Intel’s adjusted free cash flow was a negative $4.075 for the full 2022 year. And with the company looking to invest heavily in new fabs, the $6 billion a year in dividend payouts looked like a potential source of investing cash. And certainly, you wouldn’t want to buy into a stock paying 5.09% (as Intel did today) if the company was about to cut its dividend. But a dividend cut looks less likely today.
February 7, 2023 | Daily JAM, GOOG, Jubak Picks, MSFT, Top 50 Stocks |
This isn’t exactly unexpected. Microsoft (MSFT) today unveiled new versions of its Bing search engine and Edge browser powered by the newest artificial intelligence technology from ChatGPT maker OpenAI. Microsoft recently invested $10 billion in OpenAI.
January 31, 2023 | Daily JAM, Jubak Picks |
General Motors (GM) shares are up 8.34% as of the close today after the company reported a huge jump in earnings for the fourth quarter and the full year. For the quarter the car company reported adjusted earnings per share of $2.12 versus an expected $1.69, and revenue of $43.1 billion versus an expected $40 billion. Revenue grew by 28% year over year. For the full year, GM reported EBIT profit of $14.5 billion, near the high end of its forecast of $13 billion to $15 billion.
January 30, 2023 | Daily JAM, GDX, GDXJ, GLD, GOLD, Jubak Picks, Perfect Five-ETFs, Volatility |
With the Federal Reserve seemingly winding down its cycle of interest rate increases, a stronger dollar is no longer the big currency market story. Gold is. Gold is back. And for at least the next 3 to 6 months.
January 25, 2023 | Daily JAM, Jubak Picks, Morning Briefing, MSFT, Top 50 Stocks |
Yesterday, shares of Microsoft (MSFT) rose by more than 4.6% on an earnings report for the December quarter that showed the company slightly beating analyst estimates on earnings and training only slightly on revenue. Today, investors and traders had second thoughts. The stock was down as much as 4.6% in morning trading (That’s down from the close yesterday and not from the after-hours price.) The stock ended the day down just 059% but that was enough to erase all the after-hours gains from the previous day. So what caused the second thoughts?
January 24, 2023 | Jubak Picks, MSFT, Top 50 Stocks |
After the market close today, Microsoft (MSFT) announced earnings of $2.32 a share, just beating Wall Street forecasts of $2.30 a share. That was a 6.5% drop from the December 2021 quarter, however. Revenue missed expectations at $52.7 billion versus a forecasted $52.9 billion. But the big news was that revenues for Azure, the company’s key cloud computing software unit, rose just 31% year over year in the quarter. That badly trailed Wall Street forecasts that called for 36.8% year-over-year growth in the December quarter.
January 18, 2023 | AAPL, Daily JAM, Jubak Picks, MSFT, Top 50 Stocks |
Today I posted my two-hundred-and-twenty-fifth YouTube video: Get Ready for the Tech Earnings Flood. This week is a bit of a breather. Last week ended with bank earnings and next week begins the flood of tech stock earnings. This week we’ve got Alcoa, which used to be a market indicator but that is no longer the case (thankfully, since Wall Street estimates have them at a loss of $.75 for this quarter.) Netflix is up next on Thursday, January 19. Netflix (NASDAQ: NFLX) will show +$.44 this quarter versus +$1.33 last year at this time. I think this will likely be the trend with tech stocks. Lower earnings and slower revenue growth year-over-year. 2022 has been tough for technology companies and earnings will likely be lower for the fourth quarter than in 2021. Look closely at future estimates and guidance. Where are they going from here? (the bad news for the fourth quarter is widely expected.) Microsoft will report earnings on January 24, shortly after announcing it will be laying off 10,000 employees. After that, we’ll get Apple (NASDAQ: AAPL), on January 26, and then the floodgates open with more and more technology companies announcing earnings and setting the tone for the stock market at the start of 2023.
