Z-SYMBOLS
April 26, 2022 | Daily JAM, EQNR, LNG, Volatility |
Russia’s Gazprom has told Poland’s government that it will stop supplying natural gas to Poland beginning on Wednesday after Poland refused to pay the supplier in roubles. Western sanctions have made it almost impossible for Russian companies to collect payments in dollars or euros. The decision to stop natural gas supply to Poland also followed on the country’s announcement on Tuesday that it was imposing sanctions on 50 entities and individuals including Russia’s biggest gas company. Polish ministers told a press conference that Poland had sufficient supplies of gas to weather the interruption
April 25, 2022 | Daily JAM, MOO, Perfect Five-ETFs, XLP |
Back on April 11 when I “trimmed” my bank stock positions in my Jubak Picks Portfolio ( https://jubakam.com/trimming-bank-st…wfc-and-kbwb-etf/) by selling Wells Fargo (WFC) and the Invesco KBWB Bank ETF, I said I’d sell that ETF out of my Perfect 5 ETF Portfolio when I had a replacement ETF to offer. Today I’ve got a replacement to recommend and I’m selling the Invesco Bank ETF out of that portfolio. The replacement is the Consumer Staples Select Sector SPDR ETF (XLP).
April 25, 2022 | AAPL, ABBV, AMZN, BMY, CMG, Daily JAM, FB, GOOG, Morning Briefing, MSFT, PYPL |
Going into this earnings season, the hope was that strong, surprisingly strong perhaps, earnings from the big growth stocks would put a stop to the selling. Earnings would be strong enough to convince investors that the market wasn’t over-valued since at these growth rates stocks would be seen to be quick growing into current extended valuations That hasn’t exactly worked so far. But this week the earnings story from growth stocks hits its stride. If the companies reporting this week can’t make the case for growth stock earnings, there probably isn’t a growth stock story to be made in the light of Federal Reserve interest rate increases, supply chain disruptions, and fears of a recession.
April 21, 2022 | BKNG, Daily JAM, Jubak Picks |
In my Quick Pick video Update just posted, I noted that I would be buying shares of travel booking global marketshare leader (or co-leader) Booking Holdings (BKNG) tomorrow, Friday, April 22 in my Jubak Picks Portfolio. I’m setting an initial target price of $2,800 a shar
April 21, 2022 | BKNG, Daily JAM, Jubak Picks, Videos |
My one-hundredth-and-twenty-fourth YouTube video “Quick Pick Booking Holdings Update” went up today. Today I’m updating my Quick Pick from about a month ago to say that this last week’s earnings report from Delta (DAL) plus optimistic forecasts and earnings from American Airlines and United Airlines only make me more confident of the growth story for Booking. I think that with travel returns to near pre-Pandemic normal this summer, travel booking sites will see revenue increases in the later quarters of 2022. Plus, these sites don’t have to worry about fuel costs like actual airlines. (And I think”bargain hunting” sites like those owned by Booking Holdings will get an extra boost from rising inflation and from worries about a potential recession. I’ll be adding these shares to my Jubak Picks portfolio with a target price of $2800 a share tomorrow, Friday, April 22.
April 21, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Morning Briefing, PXD, TELL, Volatility, XLE |
Today, April 21, reports from a number of different sources are pointing to lower oil production–which will mean higher oil prices. Even from current levels. And oil prices are significantly higher in the past three weeks. At 3:00 p.m. New York time today U.S. benchmark West Texas Intermediate traded at $103.44 a barrel, up 1.61% on the day. On April 11 West Texas Intermediate traded for just $94.29 a barrel.
April 20, 2022 | Daily JAM, TSLA, Volatility |
Tesla (TSLA) crushed Wall Street projections for first quarter earnings today, Wednesday, April 20. After the market close, the company reported record revenue of $18.756 billion, up 80.5% from the first quarter of 2021. (Wall Street analysts had expected revenue of $17.76 billon.) And earnings of $3.22 a share. That was well ahead of Wall Street expectations for $2.89 a share.
April 20, 2022 | AMZN, COST, Daily JAM, DIS, Jubak Picks |
In this post let me take another step back to look at the one of the larger economic forces revealed by the Netflix miss. I’d argue that the Nexflix miss should put pricing power and questions of what price increases will hurt demand up near the top of your stock picking check list. Especially since the streaming service’ loss of 200,000 subscribers this quarter and the ported loss of 2 million subscribers next quarter qualifies as just the first shoe to drop.
April 19, 2022 | AAPL, Daily JAM, DIS, Jubak Picks, Top 50 Stocks |
Shares of Netflix (NFLX), fell 25.73% today, April 19, in after-hours trading after the company announced first quarter earnings. (In regular trading the shares had gained 3.23%.) The stock was already down 42% for 2022 before today’s after-hours plunge. The bad news: In the first quarter of 2022 Netflix (NFLX) lost 200,000 subscribers. That was a bit short of the company’s guidance for the addition of 2.5 million subscribers for the quarter. And to put a cherry on top of the bad news in the company’s earnings report, Netflix forecast that it would lose another 2 million subscribers in the second quarter of 2022.
April 19, 2022 | Daily JAM, DAL |
You don’t need to look in obscure, dark corners of the financial market for the reason for today’s big drop in oil prices. The IMF sharply cut its forecast for global growth today and China announced that it would keep its Zero Cover lockdowns in effect. A slower global and Chinese economies will lower global demand for oil. But… After pulling back to establish new positions, Russia has launched an intense bombardment all across Ukraine to soften up the country as Russia troops roll into Ukraine’s eastern region, the home of pro-Russian separatist governments. The new fighting promises to be even more vicious than the old fighting and already Ukraine’s Western supporters are looking for new sanctions to impose on Russia
April 18, 2022 | Daily JAM, TSLA, Volatility |
Forget about all the hoopla over Tesla (TSLA) founder Elon Musk’s bid to buy Twitter (TWTR). (If you can.) On Wednesday, when the electric car leader announces first quarter 2022 earnings the story will be China, China, China.
April 13, 2022 | Daily JAM, DAL, Jubak Picks |
Delta Air Lines (DAL) reported a smaller than expected first quarter loss today and shares rose strongly after the company said a strong rebound in summer traffic would turn results positive in the second quarter. As of noon New York time Delta shares were up 4.51%. The airline lost $1.23 a share, slightly less than the Wall Street consensus of a $1.27 a share loss
