March 9, 2023 | AAPL, Daily JAM, Videos |
Today’s Quick Pick is Apple (NASDAQ: AAPL). For this Quick Pick, I’m suggesting you wait to buy until Apple falls to around $140 (which I think is coming.) Apple, like many tech stocks, is a seasonal stock, and we’re currently in one of the company’s traditionally weaker quarters. The Christmas buying quarters (the last two quarters of the year) are when Apple brings in the most revenue, and the first two calendar quarters are generally weaker. Apple took a hit during the big downward turn on the bear when all tech stocks were hit, but the stock recovered strongly during this early 2023 rally. If shares get down to $140, that’s a great place to get in before Apple announces new technology and updates to its product line. There are rumblings of an Apple VR headset announcement coming soon and we know that we’ll see new iMacs and Powerbooks. We can also look forward to the Apple Developer Conference in May and new product announcements in September. If you can get this cheap in the first half of the year, you can look for a big recovery in the second half of the year.
February 21, 2023 | Daily JAM, Jubak Picks, Millennial, PANW, Stock Alerts, Top 50 Stocks |
After the market close on February 21, cyber security company Palo Alto Networks (PANW) reported fiscal second-quarter 2023 year-over-year revenue growth of 26% to $1.7 billion. Billings in the quarter also rose by 26% to $2.0 billion. The rock-solid consistency of revenue and billings growth in this quarter and as projected for the rest of the year got a cheer from the market. In after-hours trading shares gained 8.56%.
January 18, 2023 | Daily JAM, Top 50 Stocks |
Well, Taiwan Semiconductor Manufacturing (RSMC) ought to know. The world’s largest chip foundry makes semiconductors for just about everyone. And last week the company said that it expects revenue to fall in the first half of 2023 as semiconductor companies cut orders and reduce inventory. But, the company says, it expects demand to return to “normal” in the second half o 2023.
January 11, 2023 | AAPL, Daily JAM, Top 50 Stocks, Videos |
Today I posted my two-hundred-and-twenty-second YouTube video: Caution! Technology Margin Shake-Up Ahead!
This starts off as an Apple (NASDAQ: AAPL) story. Apple recently announced that it would be moving away from using Broadcom (AVGO) chips for Wifi and Bluetooth in its iPhones, and begin using its own chips in 2023. This will of course make for better margins for Apple and speed up the company’s ability to implement new technology. This is a big blow for Broadcom which relies on Apple for 20% of its revenue. Apple also announced it’ll be moving away from QUALCOMM as they project it will have Apple chips to replace the QUALCOMM modem chips by late 2024-2025. (We’ve heard this before. And Apple had to call off the switch because of technology glitches.) You can expect more technology (and other) companies to shake up their own product designs and supply chains as they look at inflation and costs. Corporate profits have been at historic highs protecting profit margins at current levels won’t be easy.
January 8, 2023 | Daily JAM, Top 50 Stocks |
News, rumor, and speculation from the Consumer Electronics Show point to a second half of 2023 launch for Apple’s (AAPL) AR “metaverse” headset. Apple has been “launching” this high-performance AR headset since 2017 but plans for a launch were put off in 2020, 2021, and 2022. The launch has even slipped in 2023 from plans to introduce the headset in January with the product shipped later in 2023. But now it looks like a spring announcement
December 27, 2022 | AAPL, Daily JAM, Top 50 Stocks |
Apple (AAPL) shares were down another 1.21% as of 3:30 p.m. New York time today, December 27. That took the stock down to its lowest price since June 2021. The worry, of course, is China where, first, shutdowns under the country’s 0-Covid policy closed factories and kept consumers out o stores, and then, second, where an abrupt reversal of that policy has accelerated a new wave of outbreaks.
The timing of these developments, though, has some advantages for Apple.
November 29, 2022 | Daily JAM, Millennial, PANW, Top 50 Stocks, Videos |
Today I posted my two-hundred-and-tenth YouTube video: Quick Pick Defiance Palo Alto Networks. This week’s Quick Pick is Palo Alto Networks (NASDAQ: PANW), the cyber security software platform company. During this bear market, it’s not surprising to see some stocks down nearly 50% and trading at 30% to40% discounts, but Palo Alto has managed to drop only 8% for 2022 and is trading at a relatively slight 15% discount to fair value, according to Morningstar. While Palo Alto has had its severe dips, it recently bounced back up after announcing very solid earnings. In the quarter sales were up 25% year over year and annual recurring revenue (from SAAS subscriptions) was up 67% and billings were up 27%. Palo Alto covers a lot of areas of cybersecurity, making it a more attractive alternative for enterprise corporations looking to consolidate their security software and move to a one-stop shop that can cover more aspects of their security needs. I’m reluctant to buy anything in this continuing bear market, but would suggest looking at this stock in February 2023 or so, especially if it dips again. Palo Alto Networks is a member of my long-term 50 Stocks Portfolio on my two investing sites. The stock is up 108% since I initiated that position on January 21, 2020. The stock is also a member of my Millenial Portfolio on my subscription site JubakAM.com. That position is ahead 41% since May 21, 2021
October 25, 2022 | Daily JAM, Jubak Picks, KO, Morning Briefing, Top 50 Stocks |
This morning before the stock market open Coca-Cola reported earnings of 69 cents a share for the third quarter. That was up from 65 cents a share in the third quarter of 2021 and was above the 64 cents a share expected by Wall Street analysts. Revenue of $11.1 billion was higher than the $10.5 billion projected by Wall Street.
October 23, 2022 | AAPL, AMZN, CAT, Daily JAM, EQNR, GOOG, Morning Briefing, MSFT, PXD |
Earnings. Earnings. And more earnings. From the big bellwether technology stocks: Apple, Amazon, Microsoft, Meta Platforms, and Alphabet. Wall Street has already slashed earnings forecast for these stocks so there’s a good chance these companies will report earnings that surpass expectations even if only by a few pennies. By and large, though, these reports will show either an absolute drop from the September quarter of 2021 or, at best, a slowing of revenue and earnings growth. Key to the market’s reaction will be what these companies say about expectations for the next quarter or two. Will they emphasize what are already clear slowdowns in PC and smartphone sales? Will they speak to the elephant in the room–the U.S/China trade war? Will they say that a strong dollar plus inflation is cutting into sales outside the United States and U.S. sales to domestic customers who are showing signs of “price fatigue”?
September 16, 2022 | Daily JAM, Top 50 Stocks |
Earnings forecasts are falling as we get close to the end of the quarter on September 30 and the start of earnings season in early October. Aggregate earnings per share estimate for companies in the Standard & Poor’s have dropped 5.5% in the past two months, according to Credit Suisse.
August 25, 2022 | ALB, Daily JAM, Jubak Picks, Top 50 Stocks |
Lithium producer Albemarle (ALB) closed up 2.71% today after hitting an all-time high of $298.17 in intraday trading. The shares closed at $295.68. The gains for Albemarle, and across the lithium sector, came as Goldman Sachs upgraded lithium battery maker Freyr Battery (FREY) on projected higher demand for lithium batteries after the Inflation Reduction Act. Albemarle is a member of my Jubak Picks Portfolio where it is up 200.18% since my August 10, 2018 stock pick. The stock is also a member of my long-term 50 Stocks Portfolio where it is up 221.67% since February 17, 2017.
July 28, 2022 | Daily JAM, Morning Briefing, Top 50 Stocks |
After looking like it was over earlier in the week with a significant pull back on Tuesday, July 26, stocks have rallied in the last two days, gaining 3.85% by the Thursday, July 28 close from that Tuesday low. And right now all the ducks are lined up in a row for a strong move higher. (But you know what they say about Bear Market rallies right? They’re really hard to trade and they’re even harder to sell into.)
Those ducks?
