Stock Alerts
CEO Elon Musk cost Tesla investors a hunk of cash today
The day started off okay for Tesla (TSLA) and its shareholders. The company announced a big loss of $3.35 a share as it burned through $745 million in cash in the first quarter. Revenue climbed 26% to a record $3.4 billion. Both the loss and the revenue number were...
So much for Argentina having turned the corner toward financial stability–selling ARGT and GGAL out of my Volatility Portfolio
It feels like panic rather than a plan. Because, I think, it is panic without a plan. The central bank of Argentina raised its benchmark interest rate another 3 percentage points today (that’s not 3 or 30 basis points but 300–a full 3 percentage points.) This comes after the central bank raised interest rates 3 percentage points last Friday. The benchmark rate now stands at 33.25%, the highest in the world
Apple beats on earnings; iPhone sales of 52.2 million slightly below consensus of 52.3 million units
It wasn't a big beat and iPhone sales weren't wildly above consensus, but such was the fear and skepticism surrounding Apple (AAPL) that shares rose 3.61% in trading after the earnings announcement. The company reported earnings of $2.73 a share, five cents a share...
Merck moves lower in spite of earnings beat
This morning before the New York markets opened Merck (MRK) reported earnings of $1.05 a share, ahead of the $1.00 a share forecast by Wall Street analysts. Earnings were up 19.3% from the first quarter of 2017. Revenue grew 6% to $10 billion. That narrowly missed the...
McDonald’s jumps on earnings beat
McDonald's reported a solid earnings beat of 12 cents a share ($1.79 vs expectations for $1.67) before the market opened today, April 30. Revenue fell 9.5% year over year to $5.14 billion but that was still ahead of the $4.97 billion Wall Street consensus for the...
Positive catalysts are intact for Nektar Therapeutics
Shares of biotech rocket Nektar Therapeutics (NKTR) are down 23.25% since they traded at $106.91 on March 21, 2018. I can't find evidence that the positive catalysts that led me to recommend the stock for my Jubak Picks portfolio and the options for my Volatility...
Adding Merck to my Dividend Portfolio
News out of the imuno-oncology sector of the biotech world has hit stocks in my portfolios such as Incyte (INCY) and Nektar Therapeutics (NKTR) hard. But, I'd argue that it has left Keytruda and its owner Merck (MRK) in a measurably stronger position in the market for...
Time to add China Southern Airlines to my 50 Stocks Portfolio
You might know that China Southern is the largest airline in China. But I bet you didn’t know that it has the largest fleet (702 planes) of any Asian airline. I’ve been looking to add shares of China Southern Airlines (ZNH) to my long-term 50 Stocks ever since I saw the newest list of the world’s 20 busiest airports from the Airports Council International on April 6.
Statoil drops after 33% jump in profit falls short of Wall Street hopes
There's no pleasing the market these days. Shares of Statoil (STO) fell 1.54% to $24.96 today after the company reported first quarter earnings of $4.4 billion, its highest quarterly profit in three years and 33% higher than in the first quarter of 2017. But the Wall...
Freeport McMoRan Copper & Gold delivers ugly earnings report–that’s good for my Put options (and I’m selling on the big jump)
Before the U.S. markets opened today Freeport McMoRan Copper & Gold (FCX) ) reported a big earnings miss. As of 2:30 p.m. New York time the shares were down 16.67%. That's good news for the May 18, 2018 Put options I added to my Volatility Portfolio on April 3,...
GOOG gets hit by market profit margin fears even after good earnings
Some times in the financial markets, the numbers aren’t as important as the narrative. I think that was the case with Alphabet (GOOG) today, Tuesday, April 24. Monday after the market close Alphabet reported first quarter earnings of $9.93. That was a healthy 64 cents a share above the Wall Street consensus estimate for the quarter. Revenue climbed 25.9% two $31.15 billion. That was $870 million above Wall Street projections. Paid clicks on Google properties rose 59% year over year. But Tuesday the stock sank by 4.45%, dropping $47.47 a share to $1019.98 Why the drop on such good earnings numbers?
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