Z-SYMBOLS
May 13, 2021 | Daily JAM, DIS, Top 50 Stocks |
Disney (DIS) shares tumbled by 3.64% in after-hours trading after the company reported fiscal second quarter numbers that beat Wall Street estimates on earnings but missed projections on revenue and on subscribers to the company’s Disney+ streaming service. Adjusted earnings per share were 79 cents versus a projected 32 cents a share. (For the second quarter of 2020 the company reported earnings of $1.53 a share.) Revenue of $15.62 billion for the quarter was a bit shy of Wall Street projections of $15,85 billion. The big miss came in subscription growth for the company’s paid streaming service. Disney+ topped 100 million subscribers for the first time–just 16 months after the late 2019 launch of the service. (Competitor and streaming leading Netflix had 208 million global subscribers at the end of its most recently reported quarter.) The stock dropped on the news, however, since analysts had been looking for 110.3 million subscribers by the end of the quarter.
May 11, 2021 | Daily JAM, DE, Long Term, Millennial, SCCO |
Sure looks like a market struggling with rotations between growth and value stocks. One day the growth stocks sell off on fears of higher interest rates and rising inflation or something–and because after such a strong rally in the style growth stocks are very expensive. And that same day value stocks move higher because increasing economic growth is a very, very good thing for a style that depends on a strong economy for much of its revenue gains. The next day the market’s preference reverses and growth again outperforms value. What’s a poor investor to do? Especially the long-term investors with very long time horizons that are the focus for my new “Millennial Portfolio (for investors with more time than money.)” How about a few stocks that offer both growth and value? I’ve got two stocks today that I’m going to add to the Millennial Portfolio: Deere (DE) and Southern Copper (SCCO)
May 4, 2021 | Daily JAM, JJOFF, Volatility |
Researchers looking for a way to improve the tolerance of the Arabica coffee plant that accounts for 56% of global coffee production may have found their cuppa in Sierra Leone. Coffea stenophylla grows at a mean annual temperature up to 12.24 degrees higher than Arabica. And coffee tasters say, according to Bloomberg, it has a flavor similar to Arabica rather than to the more temperature tolerant Robusta coffee used now in instant and other bulk coffees. Global coffee production is threatened by rising temperatures
May 4, 2021 | Daily JAM, DE, Jubak Picks, Stock Alerts, Top 50 Stocks |
Wheat prices hit new highs at $7.46 a bushel at the end of April. That the highest since February 2013. Corn climbed to a new eight year high. The day soybeans rose for a tenth straight session to reach on eight year high.
When the prices of farm commodities climb, it’s tough times ahead at the grocery store for consumers. But it’s good times ahead for farmers and that means increasing sales of tractors and other farm equipment for Deere (DE). I’m adding the shares to my 12-18 month Jubak Picks Portfolio
April 30, 2021 | AAPL, Daily JAM, Friday Trick or Trend, Jubak Picks, Top 50 Stocks, WH |
When it comes down to company earnings, we’re seeing a huge lag in revenue growth for companies in the service sector. Wyndham Hotels and Resorts (WH),for example, which reported first quarter results today, April 30, saw revenue fall to $303 million in the first quarter of 2021 from $410 in the first quarter of 2020. But, and I think this is the clear implication of the first quarter GDP numbers, those service companies will close that gap in the June quarter as companies open more services–Disney (DIS) opened its California theme parks today, for example–and consumers feel safer in going to theme parks or restaurants or gyms.
April 30, 2021 | AAPL, Daily JAM, Morning Briefing |
Data from Refinitiv published yesterday show that companies are beating estimates at a historic rate and that the amount by which they are beating projections is also at a historic high. Of the Standard & Poor’s 500 companies reporting so far, 86.8% have beat Wall Street projections. The average beat is a huge 23.5%. According to Refinitiv (where data goes back to 1994) that’s the highest percentage of companies to beat estimates for a quarter on record and also the largest average beat on record. Three things to think about.
April 29, 2021 | AAPL, Daily JAM, Mid Term, Morning Briefing, You Might Have Missed |
After the close yesterday, April 29, Skyworks Solutions (SWKS), a key Apple supplier and a maker of radio frequency chips for smartphones and WiFi networking equipment, reported earnings of $2.37 a share on sales of $1.17 billion for quarter that closed on April 2 2021. That beat–slightly–Wall Street projections for earnings of $2.35 a share and sales of $1.15 billion. Year over year Skyworks earnings climbed 77% and sales rose by 53%. And what happened to the stock in after-hours trading? It got punished. Shares dropped to $183.37, a loss of $14.49 a share from the day’s close at $197.86. That’s a loss of 7.32%. In a market driven by expectations for constantly higher growth, I think you can see the problem.
April 29, 2021 | Daily JAM, GOOG, OMC, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The twenty-first YouTube video “3 Ad Picks But Not Google or Facebook” went up today.
April 28, 2021 | Daily JAM, Dividend Income, FCX, Jubak Picks, Top 50 Stocks |
Copper has rallied–again–to a new 10-year high and that has taken Freeport McMoRan Copper and Gold to $39.53 today, April 28, as of 3:50 p.m.. That’s above my target price in my Jubak Picks Portfolio of $34. So today I’m selling this position. The stock is up 39.34% as of 3:50 p.m. New York time since I added it to the portfolio on January 6, 2021. I still have substantial exposure to copper through my positions in Southern Copper (SCCO) in my long-term 50 Stocks Portfolio and in my Dividend Portfolio.
April 28, 2021 | Daily JAM, ISRG, Jubak Picks, Top 50 Stocks |
Today, April 28, I’m selling Intuitive Surgical out of my Jubak Picks Portfolio with a 9.39% gain since February 15. I think the shares are fully valued here (or perhaps over-valued if there is such a thing anymore in this market) and I’d like to have some more cash just in case”something” creates a little volatility in the financial markets.
April 27, 2021 | Daily JAM, Jubak Picks, MSFT |
Great wasn’t good enough for a stock that had climbed 10.6% in the last month, 17.84% for 2021 as of the close on April 26, and 51.07% in the last year. And Microsoft shares fell in after-hours trading after reporting earnings and revenue above Wall Street estimates. Does the drop set the stage for other BIG TECH stock reporting this week–Alphabet (GOOG) today, Apple (AAPL) and Facebook (FB) tomorrow, and Amazon (AMZN) on Thursday.
April 27, 2021 | Daily JAM, VXRT |
As of 2 p.m. New York time, Vaxart (VXRT), a biotech developing a coronavirus vaccine in a pill, was up 48.26% to $9.04. It closed up 37.46% The stock had traded 151 million shares as of 2 p.m., about 11 times the average volume over the last 60 days. I think what we’re seeing is another one of those speculative moves built on a possible news event–Vaxart has announced a webinar for May 3 that is expected to include the release of new Phase 1 data on the efficacy of its Cover-19 vaccine in a pill–plus a plausible story–a vaccine in a pill would be exactly what India needs to stop its current pandemic surge and a vaccine in a pill would be helpful in convincing some of the vaccine hesitant to get vaccinated (no needle)–plus a big short position. According to Seeking Alpha short positions account for about 20.4% of total outstanding shares.
