Saturday Night Quarterback says, For the week ahead expect…
Nvidia’ earnings report after the close on Tuesday, November 21, will be the big event of the short Thanksgiving week.
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The big pay off for Eli Lilly is still ahead
On Wednesday the Food and Drug Administration approved Mounjaro from Lilly, as an obesity drug, after clinical trials showed that patients lost an average of 18% of their body weight. The drug will be marketed as Zepbound in the obesity market. This puts Lilly into direct competition with the wildly popular Wegovy weight-loss drug from Novo Nordisk (NVO)
The biggest good news from Barrick Gold’s earnings aren’t the earnings
Yesterday, Thursday, November 2, Barrick Gold (GOLD) reported earnings of 24 cents a share for the company’s this quarter. That was ahead of the 21 cents a share consensus estimate among Wall Street analysts. In the third quarter of quarter of 2022, the company reported earnings of 13 cents a share. The surprise was the fourth for Barrack in the last four quarters. But to me other news overshadowed the earnings themselves.
Intuitive Surgical reports a surprisingly strong first quarter
Last week Intuitive Surgical (ISRG) surprised everybody, including, apparently, management. Intuitive Surgical’s first-quarter revenue grew 14% year-over-year to $1.7 billion. (Wall Street was expecting $1.6 billion.) Surgical procedures performed using the company’s da Vinci system, rose 26% year-over-year, well above expectations for 15% growth. And the company raised guidance for global procedure growth to 18% to 21% from the prior guidance of 12% to 16%.
Shares of Palo Alto Networks pop on earnings
After the market close on February 21, cyber security company Palo Alto Networks (PANW) reported fiscal second-quarter 2023 year-over-year revenue growth of 26% to $1.7 billion. Billings in the quarter also rose by 26% to $2.0 billion. The rock-solid consistency of revenue and billings growth in this quarter and as projected for the rest of the year got a cheer from the market. In after-hours trading shares gained 8.56%.
Adding Kimberly-Clark to my Dividend Portfolio tomorrow, July 6.
As I said in my recent video “Quick Pick Kimberly-Clark,” I’m adding this stock to my Dividend Portfolio effect tomorrow July 6. The stock pays a dividend of 3.39%. That’s not knock-your-socks-off stuff, but very good for a very defensive consumer staples stock as we move closer to a recession. The stock is down 2.69% year to date as of the close on July 1 but the shares are up 10.31% in the last three months
I’d adding Teucrium Corn ETF to my Volatility Portfolio
I’m looking for stocks and ETFs that will go up even if the stock market as a whole goes south and Teucrium Corn ETF (CORN) is a good candidate. (Year to date return is 35% as of the close on June 16.)
Buying U.S. Natural Gas Fund in my Jubak Picks Portfolio
I’m using the continued weakness in natural gas prices and in the U.S. Natural Gas Fund (UNG) to add the shares to my Jubak Picks Portfolio. The U.S. Natural Gas Fund was down another 5.90% today to close at $23.78.
Adding Truist Financial to my Dividend Portfolio
On Friday in my Quick Pick video on YouTube (have you subscribed yet–why not? It’s free and that way you’ll know when a new video goes up) I said I would add Truist Financial (TFC) to my Dividend Portfolio on Monday. And so I will. My rule of thumb at the moment is to buy dividend-paying stocks when the yield breaks 4%. At the time I shot the video, Truist paid 4.1%. Thanks to Friday’s sell off and the stock’s 3.69% drop, the yield rose to 4.18%.
Watch my YouTube video: Quick Pick Middleby
My one-hundredth-and-thirty-fourth YouTube video “Quick Pick Middleby” went up today. My Quick Pick this week is Middleby (MIDD), a manufacturer of restaurant equipment. I’ve been following the company for 20 years, during which time they’ve pursued basically the same slow and steady strategy of acquiring smaller players in their market area (where they are the largest player) and them using Middleby’s marketing leverage to grow sales at the acquisition. The stock took a hit on its recent announcement that it expects to feel the impacts of inflation and supply chain difficulties. It’s difficult to catch a falling knife, but I think this stock is a good buy long term and I am adding it back to my 50 Stocks Portfolio, which has a holding period of 5 plus years.
Please watch my new YouTube video: Quick Pick Alibaba
My one-hundredth-and-twenty-eighth YouTube video “Quick Pick Alibaba” went up today. Alibaba (BABA) and other Chinese internet companies have been struggling recently under the pressure of a government crackdown. However, with the slowing of the Chinese economy due to ongoing Pandemic lockdowns, the government has signaled that it will let up a bit on this crackdown (and move to add more stimulus to the economy.) Not surprisingly the shares of these companies have picked up some momentum. This is not a long-term pick–the government can and will reverse this loosening. Get some profits on Alibaba while the getting’s good. (Which is why I’m adding it to my 12-18 month Jubak Picks Portfolio and not by long-term 50 Stocks Portfolio.
Re-buying Alibaba for my JubakPicks Portfolio today
The Chinese government has promised more stimulus to prop up growth in the country’s economy and the Politburo has indicated that, at least temporarily, it will slow the pace of its regulatory crack down on China’s Internet companies. The combination, as I posted in today’s Quick Pick YouTube video, has launched a huge rally in China’s Internet and e-commerce stocks. As of 3 p.m. on Friday, April 29, the New York traded shares of Tencent Holdings (TCEHY) wee up 8.95%. JD.com (JD) hadgained 7.72%. And Ablibaba (BABA), the big name among foreign investors and the leading target of government regulators is up 8.26%. On this trend, I’m adding shares of Alibaba to my JubakPicks Portfolio today
