Buying more Tencent ADRs for my portfolios
On Monday, March 24, I’m adding these Tencent ADRs (TCEHY) TO my Jubak Picks and Volatility Portfolios.
Top 50 Stocks
Apple delays Siri AI, falls further behind in AI market
Apple (AAPL) has confirmed that it’s delaying the release of a new AI Siri digital assistant. The company now expects to roll out the software sometime “in the coming year.” The effort will give Siri “more awareness of your personal context, as well as the ability to take action for you within and across your apps,” the iPhone maker said in a statement. “It’s going to take us longer than we thought to deliver on these features.” Apple’s struggles to finish the new AI capability for Siri has been a one secret for the last month or so after Bloomberg’s Mark Gurman reported on the delay. The Siri AI features were first touted in June 2024 at the company’s Worldwide Developers Conference. When Apple announced the features at WWDC, it didn’t provide an arrival date for the Siri upgrade, Gurman reported. Within the company, though, the plan was to include the new technology in iOS 18.4, which comes out in April.
Can uncertainty cause a recession? Truck sales say Yes
Sales of the heaviest category of trucks in North America collapsed in February. ACT Research reported on Wednesday that February preliminary North America Class 8 net orders were down 34% year-over-year to 18,300 units.
The more the market thought about Nvidia earnings, the more unhappy it got–is the market right?
Last night, in after hours trading, shares of Nvidia (NVDA), which had closed up 3.67% in the regular session, traded down a twitch, slipping by 0.04%. Today, Thursday, February 27, the shares started off in decent shape but then sold off all afternoon, closing down 8.48%. What was so disappointing about Nvidia’s results? And what should you do about this drop?
Copper looks like new Trump tariff target
President Donald Trump has ordered an investigation of copper imports in what is a first step toward potential tariffs on the metal. The move launches a process that Trump previously used to put tariffs on steel and aluminium, opening a new front in his trade war. We’re at the early stages in this effort but I think a copper tariff play is a reasonable buy right now–especially since coopper demand and copper prices are forecast to climb tariffs or no tariffs. The biggest winner would be Freeport-McMoRan (FCX), the largest producer of copper in the United States. I’ll adding shares of Freeport my Jubak Picks portfolio tomorrow, Thursday, February 27.
QQQ, which tracks NASDAQ tech stocks, closes below 50-day MA–2 days before NVDA earnings
The Invesco QQQ ETF (QQQ), which tracks the tech-heavy Nasdaq 100 index (NDX), closed below its 50-day moving average on Monday for the first time in just over three weeks. The ETF was down another 0.83% as of 3:30 p.m. New York time on Tuesday.
Microsoft cancels some AI data center leases
In a week when Nvidia’s upcoming earnings report has all eyes on AI stocks, Microsoft (MSFT) has canceled some leases for U.S. data center capacity, according to TD Cowen.
OpenAI’s biggest backer has voided leases in the US totaling “a couple of hundred megawatts” of capacity—the equivalent of roughly two data centers.
Saturday Night Quarterback (Part 1) says, For the week ahead expect…
I expect the earnings report of the week will be Nvidia’s (NVDA) report after the close on Wednesday, February 26. For the fiscal quarter ending January 2025, the consensus EPS forecast is $0.79. The reported EPS for the same quarter last year was $0.49. Analysts expect NVIDIA’s earnings to grow 43.68% next year from $2.77 to $3.98 per share.
Please watch my new YouTube video: Quick Pick Intuitive Surgical
Today’s Quick Pick is Intuitive Surgical (ISRG). While 2024 was a good year for the market, it wasn’t so great for the healthcare. The sector was down about .04%. Moderna was down 60%, CVS Health was down 50% and Walgreens was down 55%–but there were a few big winners. Intuitive Surgical, maker of the Da Vinci Robotic Surgical System, was the best performing healthcare stock in 2024. The stock went up 54.7% in 2024 and it’s gone up another 11.7% so far in 2025. At the moment, Morningstar says the stock is trading at 67% premium, with a high PE of around 80, so I’d suggest waiting to buy on a dip. I like this company because it’s growing revenue steadily, around 10% a year. I believe there is a good chance at getting a substantial market dip in 2025, and if that happens, take a look at this great long-term, steady performer in the healthcare sector. The stock has been a member of my long-term 50 Stocks Portfolio since January 28, 2019. the shares are up 257% since then as of the close on February 10.
AMD’s drop on huge revenue growth exemplifies risks in the tech sector
Yesterday, February 4, after the close of trading Advanced Micro Devices (AMD) reported record revenue growth for the fourth quarter. The chipmaker even reported growth in market share at the expense of rival Intel (INTC).
Yet in after-hours reading the stock dropped 8.80%. Today’s regular session confirmed the tumble with a 6.27% tumble. The problem for AMD, revenue growth in the company’s data center unit, which competes in the market for AI chips with Nvidia (NVDA) revenue slowed. The problem for the tech sector as a whole, and especially AI stocks, is that the dip in the growth rate for data center revenue was to a “disappointing” 69% rate. That’s only disappointing in comparison to the a year-over-year growth rate of of 122% that the company reported for the third quarter of 2024. This raises the important question for AI and tech stocks: Are current valuations for the stocks predicated on unachievable exceptions for extraordinarily high growth rates for unrealistically long time periods?
Saturday Night Quarterback Part 2, on a Sunday says, For the week ahead expect…
This week its earnings, earnings, and earnings. From the tech giants and more. This week, we’ll discover three things. First, are tech company earnings as good as the market clearly expects. I think that with the exception of Apple (AAPL) and Tesla (TSLA) the answer will be Yes. Second, how much of this good news is already priced into the recent rally. These stocks could retreat even on news that’s as good as expected. An advance will, I think, require a surprise or two. And, third, how worried is Wall Street really, given the recent boom in all things AI, about capital spending at the big AI companies and falling profit margins.
The BIG QUESTION: Does the selling in the stock market go farther? I think yes–and here’s what to do
Enough downside still ahead so that it makes sense to sell some of your portfolio, take some profits, and raise cash on the prospect of a buying opportunity or two ahead? In my opinion, Yes.
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