Beijing steps in and China stocks soar
Yesterday, March 15, I was thinking that I wished I didn’t own any China stocks at all. Today, March 16, I wished I owned more. Lot’s more.
Z-SYMBOLS
Return of baseball and coming March Madness good news fro sports betting stocks–adding MGM Resorts International to my Volatility Portfolio
The Major League Baseball lockout is over–and the baseball season will start next month roughly on schedule. And the NCAA Basketball Tournament–March Madness–begins next week.
Both pieces of news are GOOD news for sports betting stocks.
Trend turns against emerging markets–but it’s too late for my Puts: Selling my Put Options on EWZ,EWW and buying short emerging markets ETF
I think the trend has finally turned against emerging market stocks. All it took was the threat of a debt default by Russia. That shift is too late for the Brazil and Mexico Put Options I bought on January 24, which expire on Mach 18. But with a Russian debt default looming I’m replacing those Puts with an ETF that shorts the major emerging markets index.
Please watch my new YouTube video: Quick Pick Apple
This week, my Quick Pick is Apple (AAPL). I wrote a post about a month ago, saying that Apple would be a stock to buy place ahead of its new product event on March 9 (and the traditional fall announcement of more new products.). And I think the reveal yesterday had promising new products likely to boost sales. There’s a new iPad Air, an improved iPhone SE (the cheapest iPhone), and new generations of Mac computers all with Apple’s new in-house M1 chip. The stock has fallen a bit so far this year, but hasn’t been hammered as much as other tech stocks, and I think the potential for huge sales of these new items make it a good holding over the next year.
Oatly revenue guidance for 2022 disappoints on continued supply chain “challenges”
Oatly Group (OTLY) shares jumped 8% in premarket trading after the company reported fourth-quarter results before the New York open. And then, in New York trading the stock gave back the gains and was down 1.055 as of 1 p.m. New York time.
U.S. to ban Russian oil and natural gas–Brent hits $131 a barrel, WTI $127
The United States will ban imports of oil and natural gas from Russia, President Biden announced Tuesday. U.S. allies in Europe also announced action on the energy front with a plan to cut natural gas imports from Russia by two-thirds in 2022. Even though the White House has said that the long-lead time on the ban would give importers and consumers time to find other sources by the end of 2022, oil futures soared today with the price of West Texas Intermediate, the U.S. crude benchmark, climbing to $126.98 a barrel, up 6.35%, for April delivery as of 12:30 p.m. in New York. International benchmark Brent creek rose 6.52%to $131.24 a barrel for April delivery.
Perfect storm of bad news on oil supply sends WTI crude over $120 a barrel
I suppose there is something else that could add to the supply of bad news today on oil supply, but we’ve already got a full dance card At 2 P.m. in New York U.S. crude benchmark West Texas Intermediate traded up 5.07% to $121.55 a barrel; international benchmark Brent crude was up 6.24% to $125.48 a barrel. Where to start?
Airline stocks take another whack on fears that higher jet fuel prices will require many to sell stock to raise capital
As far as I’ve been able to discover, it was a research note from Wolfe Research that began the negative “rethink.” Wolfe forecast that the airlines including United Airlines (UAL) and American Airlines (AAL) were burning cash so fast because of the jump in the cost of jet fuel that they might need to sell stock to secure more liquidity.. The worry isn’t outlandish. Oil broke above $115 a barrel (for U.S. West Texas Intermediate) today and JPMorgan Chase and Goldman Sachs have both recently projected that crude could rise to $185 a barrel by the end of 2022. Today shares of American Airlines (AA) were off 7.13%. United Airlines (UAL) dropped 9.07%. And Delta Air Lines (DAL) was down 5.63%.
Please watch my new YouTube video: Quick Pick Yara International
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My one-hundredth-and ninth YouTube video “Quick Pick Yara International” went up today. This week, my Quick Pick is Yara International (YARIY), a Norwegian producer of fertilizer. In yesterday’s video I recommended adding exposure to agricultural commodities to your portfolio as the Russian invasion of Ukraine rumbles on. I like Yara because of that short-term story as well as its long-term focus on green agriculture and decarbonizing the food chain using Norway’s supplies of hydropower to produce green ammonia. I added the stock to my 2-18 month Jubak Picks Portfolio on January 18. It was down 14% since then as of the close on March 4.
Ford shares pop on EV/gas-powered split but no spin off–adding Ford to my Millennial Portfolio
Shares of Ford Motor (F) were up 7.01% as of noon on Wednesday, March 2, on news that the company would reorganize its auto operations into two distinct businesses—one that makes its gasoline-powered vehicles and and another that produces electric vehicles. But, the company said, it has no plans at the moment to spin off the electric vehicle business.
Raising some cash and reducing some risk by selling my two shipping stocks out of my Volatility Portfolio
Back in October 2021 (on October 7 to be exact) I added shares of Danaos (DAC) and Navios Maritime Partners (NMM) to my Volatility Portfolio. Disruptions in the global supply chain had produced a bidding war by companies willing to pay almost anything to get their goods, components, and raw materials from Point A to Point B. And these two shipping giants were positioned to reap the rewards of that chaos. Today, though, the chaos is on the other foot (so to speak).
Please watch my new YouTube video: Trend of the Week Auto Supply Stocks
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My one-hundredth-and seventh YouTube video “Trend of the Week Auto Supply Stocks” went up today. Two big deals for auto suppliers have Wall Street excited! Last week, Cummins (CMI) bought Meritor (MTOR) and Apollo Group bought Tenneco (TEN). These stocks jumped up in part because they were so undervalued and cheap before, but it also points to a larger trend: with the ongoing transition to EVs, makers of auto parts that can be put to use in that process will be increasingly important. That’s why I’m recommending you look at Dana (DAN), BorgWarner (BWA), and American Axle (AXL). As well as Cummins, the buyer in one of these deals
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