PayPal pops on earnings report
PayPal Holdings (PYPL) closed up 9.42% today to $84.78 on third quarter earnings, announced after the close yesterday, that beat Wall Street projections. Analysts had expected 54 cents a share against a report of 58 cents a share. Revenue of $3.68 billion beat the...
Barrick buys Randgold as rumored, no premium in all stock deal
Gold mining is a depressed sector so maybe it shouldn't come as a surprise that Barrick Gold's (ABX) acquisition of Randgold Resources (GOLD) didn't come with any premium. The all-stock deal valued Randgold at $6.5 billion, approximately its market capitalization...
Randgold said to be in acquisition talks with Barrick Gold
The mining blog IKN is reporting that gold miners Barrick Gold (ABX) and Randgold Resources (GOLD) are in advanced stages of talks about a merger. The announcement could come today, Sunday, or tomorrow, according to IKN. There's an absolute paucity of details--such...
Pioneer Natural Resources signs deal to cut fracking sand costs by 50%
It's always important to see who has the leverage--customers or suppliers--when costs start to rise. On the recent agreement between Pioneer Natural Resources (PXD), perhaps the dominant oil shale producer in the Permian Basin, and fracking sand producer U.S. Silica...
Do you have the patience for the Permian? Should you?
It hasn't exactly been a great few months oil shale producers in the Permian Basin. Shares of Pioneer Natural Resources (PXD), the biggest pure play on Permian oil, closed at $169.97 a share today, August 29, down from $212.31 a share on May 18. That's a decline of...
Randgold increases production, misses estimates on continued low price of gold
I'm on vacation through August 26. I'm using this downtime to post on some of the earnings results that I missed during the very busy second quarter earnings season. The relentless downward trend in the price of gold took a big bite out of shares of Randgold Resources...
Buying Albermarle today for my Jubak Picks Portfolio
Who says the collapse of the Turkish lira and of the Turkish stock market isn't good news for anyone? While it's certainly true that the troubles in Turkey--which have become worse as the country's relationship with the United States has tipped for mild disagreement...
Middleby bounces back strong on Q2 earnings report today
That's better. Today, before the market opened in New York, Middleby (MIDD) reported second quarter earnings of $1.63 a share. That was 7 cents a share above Wall Street projections and 20.&% higher than the $1.35 a share reported for the second quarter of 2017....
The two minor–but very important–flaws in Apple’s great quarter
If Apple (AAPL) hadn't climbed to become the first $1 trillion company by market cap, these flaws probably wouldn't be worth talking about. But when investors and traders have driven a stock's valuation up to these levels--in clear anticipation that someone not too...
Deere climbs on guidance for full 2018
We've had stocks that tumbled after reporting good but not good enough earnings. We've had stocks that tumbled after reporting good earnings but cutting guidance. Today we've got a stock, Deere (DE),that disappointed on quarterly revenue, but climbed strongly on...
Putting gold back into the 50 Stocks Portfolio with Randgold Resources
My criteria for adding a gold stock to my long-term 50 Stocks portfolio have been reasonably consistent over the years: I've looked for a gold miner that was growing gold production and reducing production costs. Up until my latest revision of this portfolio in early...Jim’s Stock Alerts
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