U.S. retail sales rose in October for a third month. The value of overall retail purchases increased 1.7% last month, the most in seven months, the Commerce Department said today, November 16. Excluding gas and motor vehicles, sales gained 1.4% in October. The figures aren’t adjusted for inflation. The median estimate in a Bloomberg survey of economists called for a 1.4% advance in overall retail sales.
Back in October when I made Oatly Group (OTLY) the No. 4 pick in my Buy on the Dip Special Report, I advised waiting until after the company’s November 15 earnings report because there was a good chance that the company would miss estimates and disappoint on guidance. Exactly. Today the company did both and the stock dropped 20.8% on the day. That’s a big one-day plunge, especially since even before today’s beating the stock was down 59% formats June 11, 2021 high. I think it’s safe to say that much of the risk is now out of these shares
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My sixty-ninth YouTube video “Trend of the Week Big Pharma for Safety” went up today.
This is a very tough market for Buy on the Dip investors and traders. Not, as you might think, because a market that hits a new record high just about every day doesn’t offer very many opportunities to buy on the dip. Actually a market melt up, like the one we’re now experiencing, offers a lot of buy on the dip chances. That’s because while everyone wants to hold the market’s rockets, no one want to hold any stock demonstrating any weakness. Sell at the slightest whiff of bad news–as shares of Oatly (OTLY) demonstrated today, November 15, when they plunged 20.81% on disappointing earnings and guidance for the remainder of 2021 and into 2022. (Oatly is on this Dip-O-Meter list.) One problem is that plunges tend not to last very long.
On Friday, November 12, I made lithium battery recycling company Li-Cycle Holdings my Quick Pick video. On Monday, November 15, I will add it to my Millennial (for those who have more time than money) Portfolio.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My sixty-eighthYouTube video “Quick Pick Li-Cycle Holdings” went up today.
Advanced Micro Devices (AMD), one of the hottest momentum stocks in the melt-up market, seems to have recovered its trend. So I’m adding the shares to my Volatility Portfolio on Monday. Please regard this as a short-term trade.The company’s fundamentals also look solid with very good growth prospects from the new chip line up. So I’ll be adding the shares to my 12-18 month Jubak Picks Portfolio on Monday.
Yesterday I picked Tesla (TSLA) as No. 14 in my Buy on the Dip Special Report. I put the stock in a group along with Advanced Micro Devices (AMD) and Nvidia (NVDA) that I called Buy on the Regret. These were stocks that lots of investors who didn’t yet own wanted to own and would bid up at the the least opportunity. But I wrote yesterday, I thought Tesla shares had been pounded so hard in the last few days that I quick reversal was unlikely. I’d prefer to buy when I’d seen shares stabilize or drift high. Wrong. Which is why they play the game and not simply decide who wins by comparing the lineups. Today Tesla shares closed up 4.34% on the day.
When I started Special Report for how to Buy on the Dip, What to Buy on the Dip and When to Buy on the Dip I was only looking to have three strategies (and 10 picks). The more I look at the current market, the more complex it seems with more moving parts that could generate an Oh, No! moment for this stock or that stock.Which is why, in my last update to this Special Report, I added a fourth strategy, one I’m calling “The China bomb” and four more picks to my Buy on the Dip Special Report. Today, I’m going to complete this Special Report with this post on the strategy that was, initially, going to be Strategy #3 (when there were just three strategies in the report.) Because I inserted “The China Bomb” strategy as a new Strategy #3, the original Strategy #3, Buy on the Regret, got bumped to today’s Strategy #4.
I wouldn’t call the Glasgow Global Climate Summit, which wraps up on November 12, a failure. The pledge to reduce methane emissions is an important step forward: Methane is an extremely powerful global warming gas. And the promise of a big step up in global reforestation is also a solid contribution to the fight to keep the earth habitable for human beings. But I think it is safe to say that the progress out of the conference isn’t enough. Which is why I’m adding shares of General Holdings (GNRC) to my Jubak Picks Portfolio on Monday, November 8.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My sixty-fifth YouTube video “Quick Pick Generac’ went up today.
Shares of Sangamo Therapeutics (SGMO) closed 19.15% higher today, November 4, on good news from multiple clinical trials at the gene therapy company.
