Back in my February 17 video on lessons from the Texas winter story, I gave a thumbs up to shares of American Superconductor (AMSC). But before I could add the stock to my new Millennial Portfolio (for investors who have more time than money) the shares ran away from me, climbing to $25.92 on March 12 from $24.21 on February 17. That may not seem like much of a move, but the stock was already up from $13.09 on November 9, 2020. But along with a lot of other alternative energy stocks, American Superconductor has spent the last few weeks unwinding a good part of its gains from the end of 2020. The shares closed today, March 26, down another 2.73% to $18.81. That takes the price back to where it stood on December 11. I’ll be adding the stock to my Millennial Portfolio (as the eleventh stock in that portfolio on Monday, March 29.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The eleventh YouTube video “Lessons from the Texas Winter Storm: How to Invest in the Energy Grid” went up today.
Intuitive Surgical Pick #10 for my new Millennial Portfolio (for investors who have more time than money); also adding it to Jubak Picks
In my first 10 (actually to be 11 since I’ve got another pick up my sleeve) picks for my new Millennial Portfolio (for investors who have more time than money) I’ve been on the hunt for shares of companies with long, long revenue and earnings growth runways ahead of them, with short-term catalysts that might produce enough of a gain in the near term to keep investors on board for the long run, and some bad news in the present that been negative enough to take a bite of the stock price. Today, February 15, I’m adding Intuitive Surgical to my Millennial Portfolio and to my Jubak Picks Portfolio
I’m taking advantage of today’s drop in shares of MGM Resorts International (MGM) after yesterday’s earnings report to add these shares to my new Millennial Portfolio. The stock dropped on bad pandemic performance from the company’s Las Vegas casinos and resorts and a slide in revenue from its Macao operations. But revenue from online betting soared. And that business is the future of MGM–and the reason that investors with long-time horizons would want to own this stock. (And it won’t hurt at all, when revenue picks up from Las Vegas operations once the pandemic is in the rear-view mirror.
In today’s YouTube Video “Avoiding Di-Worsification in 2021 in argued that the trend toward high yields on long-dated Treasuries–and thus lower prices for those bonds–should prompt investors to look beyond bonds and gold in their efforts to build diversified portfolios. I’m adding a copper miners ETF to my Millennial Portfolio tomorrow as a replacement for gold and to profit from the increased copper demand resulting from larger numbers of electric cars on the road over the next decade
It’s hard being a long-term contrarian investor in a short term market dominated by momentum trading. But I think the rewards from that discipline will be substantial–if an investor has a long enough time horizon to wait out short-term negative trends.
Today, I’m adding Natura & Company Holding (NTCO) to my Millennial Portfolio.
I looked at my Jubak Picks Portfolio with more than a tinge of seller’s remorse this morning. I sold shares of First Majestic Silver (AG) out of that portfolio on Friday, January 29, after the stock rose 21.38% on Thursday. That gave me a gain of 45.52% since I began this position on July 6, 2019.I argued in justification for this sell that the attempt by individual investors on Reddit’s WallStreetBets forum to force a short squeeze in silver, as they had in GameStop (GME), were likely to fail because there was such a big stockpile of physical silver ready to enter the market. So I took my profit. Only to have the stock climb an other 21.3% today, February 1, as of 2:30 p.m. New York time as individual investors did indeed drive up the price of silver futures. The Shares Silver Trust (SLV) was up 6.40% as of 2:30 New York time today as the intraday price of silver limbed to the highest level since 2013. And then I thought about that seller’s remorse.
Nidec (NJDCY) shares gained another 7.69% today, after the maker of electric motors for hard drives, robots, and electric vehicles, raised its annual outlook for the fiscal year that ends on March 31. The new outlook forecasts operating income of 155 billion yen ($1.5 billion) versus the older forecast of 140 billion yen. The company authorized share buybacks of up to 50 billion yen, or about 0.7% of the company’s stock.
Special Report: My new Millennial Portfolio (for anyone who has more time than money) with stock picks 1-10
Today I’m starting a new portfolio on JubakAM.com as part of a new Special Report.The portfolio, The Millennial Portfolio (for anyone who has more time than money), isn’t intended to be limited to millennials, that generation from 1981 to 1996. Its strategies and stock picks are aimed at any investor who has more time–to retirement, to college tuition payments for the kids, to the downpayment on a house–than money. But millennials get their name on this portfolio because this generation is such a perfect example of the problem.