July 9, 2020 | Daily JAM, Stock Alerts, WFC |
Wells Fargo (WFC) will cut thousands of jobs later this year, Bloomberg reported today. The bank, the largest employers among U.S. banks, is facing intense pressure to cut costs. So far in the coronavirus economic downturn,U.S. banks have resisted large-scale layoffs....
July 7, 2020 | ACAD, Daily JAM, Stock Alerts |
 Stifel analyst Paul Matteis upgraded Acadia Pharmaceuticals (ACAD) to a Buy from a Hold today and raised his target price to $71 from $41. (Shares closed at $57 today, up 6.17%) The upgrade from Matteis was especially powerful since he has been skeptical on the stock...
June 25, 2020 | Daily JAM, Stock Alerts |
A while back I sold the Invesco Currency Shares Japanese Yen ETF (FXY) out of my Perfect Five ETF Portfolio because I was looking for more diversification in that limited five ETF portfolio. (I replaced it with the iShares Large Cap China ETF (FXI) on April 20, 2020....
June 25, 2020 | CRM, Daily JAM, Jubak Picks, Stock Alerts |
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 taking...
June 22, 2020 | Daily JAM, INCY, Jubak Picks, Stock Alerts |
I admit it. I feel silly talking about price targets and valuations in this market. After all everything is just going to the sky. Infinity and Beyond!!! But, as silly as I may feel, I don't think the gods of investing have repealed the laws of valuation. At some...
June 18, 2020 | Daily JAM, Stock Alerts |
This is the good news? Delta Air Lines (DAL) said today that it expects to break even by the spring of 2021. Delta, which said it will add 1,000 flights to its schedule in July and again in August, plans to operate 30% of its 2019 schedule by the end of September....
June 12, 2020 | Daily JAM, PANW, Stock Alerts |
Analysts have raised their earnings estimate for cyber-security software company Palo Alto Networks (PANW) by 4.5% to 6.5% (depending on the data source you use) over the last 60 days. For 2020 Wall Street is now looking for $4.79 a share for 2020. That would still be...
May 28, 2020 | Daily JAM, Stock Alerts, XYL |
Xylem (XYL) is that rare coin on raw market--a pure play water stock at a time when foresighted investors are looking for water stocks and realizing how few of them exist. (The basic water story is that Mother Nature isn't making more of it. Rising global populations...
May 26, 2020 | Daily JAM, MPNGF, Stock Alerts |
As of 1 p.m. New York time today Meituan Dianping (MPNGF) shares were up 17.52% after the company reported better than forecast sales of 16.8 billion yuan ($2.4 billion) for the quarter that ended on Mach 31. The company reported a lower than projected loss of 1.58...
May 11, 2020 | HBI, Stock Alerts |
No doubt about it--looking at the loss in my position in Hanesbrands (HBI) of 37.66% since I added it to my Dividend Portfolio on February 21, 2020 isn't pleasant. But since I hold this stock for its dividend payout, the gain/loss at the moment isn't the only...
May 11, 2020 | Daily JAM, GM, Stock Alerts |
On April 27, General Motors (GM) suspended its quarterly dividend. It's a smart move to save cash--about $1.6 billion in the remainder of 2020--but without a dividend the stock doesn't deserve a place in a dividend portfolio. I've waited for the dust to clear on that...
May 7, 2020 | Daily JAM, Stock Alerts, TWLO, Volatility |
I still love Twilio (TWLO) for the long term. It's positioning in the forefront of providing aps and a developer platform for linking multi-device input and replies into a single network makes this a stock that I want in my portfolio for the next five years (a...