September 30, 2022 | AMAT, ASML, Daily JAM, Top 50 Stocks |
Yesterday, September 29, after the close of trading DRAM chipmaker Micron Technology (MU) reported fiscal fourth-quarter earnings of $1.35 a share and adjusted earnings of $1.45 a share. That was down from $2.42 a share in adjusted earnings in the fiscal fourth quarter of 2021. Wall Street was looking for earnings of $1.37 a share. Revenue fell to $6.64 billion from $8.27 billion a year ago. Analysts had been looking for revenue of $6.73 billion. The drop in earnings and revenue was widely expected. Which is why the stock closed up 0.18% today after the earnings. You’d have to say that the big hurt from Micron’s news–and especially from its report that it would cut total capital spending by 30% year over year and spending on wafer fab equipment by 50% year over year–fell on chip equipment makers.
July 20, 2022 | AMD, ASML, Daily JAM, Top 50 Stocks, TSM |
The Chips for America Act looks headed to a cloture vote in the Senate on Thursday. As the $52 billion bill now stands, it includes $39 billion for semiconductor companies to “build, expand, or modernize domestic facilities.” Here are the winners as I see them.
March 8, 2022 | Daily JAM, Jubak Picks, Top 50 Stocks |
Right now investors and traders are getting a crash course in how vulnerable global supply chains are to disruption–especially when they become really extended. And how a supply chain disruption can ripple out in unexpected directions thanks to the complexity of many key products.
First, the Pandemic took a hammer to the complicated logistical systems required to get Commodity A to Sub-assembler B in order to make Consumer good C that would show up for sale around the world. Just in time inventory, it turned out, didn’t work very well when nothing arrived on time. Second, the Russian invasion of Ukraine has–or at least it should have–reminded us that global supply chains can resemble Whack-A-Mole.
January 11, 2022 | Daily JAM, Jubak Picks, Millennial, Special Reports, Top 50 Stocks, You Might Have Missed |
If you worry about what worries me right now, I know what you want to know. When will the selling stop? When will it be a good time to buy “bargains”? And What stocks should you buy when you begin to buy? Those are the three questions that I’ll answer in this Special Report. Along with listing my first three buys on this selling.
December 1, 2021 | AMAT, ASML, Daily JAM, Short Term |
After yesterday’s selling, we’re getting a bounce today. But, significantly, the bounce in stocks is much less “bouncy” than the Monday bounce from Friday’s plunge.
October 18, 2021 | AMAT, AMD, AMSC, ASML, Daily JAM, EVGO, F, FCX, Jubak Picks, Mid Term, Millennial, NJDCY, NVDA, SEDG, Special Reports, TSLA, Volatility, VWAPY |
Yes, we want to buy on the dip. Whenever we get a significant dip. (And significant to me is 5% or more in the major indexes–and 10% or more in specific sectors.) But, we need new strategies for buying on the dip that take into account the market’s valuation problem, the central bank tightening that looks to be in the cards, and the real possibility of a dip in growth below forecasts in 2022. I’ve got fouir strategies to suggest for buying in this market on these dips. And 14 picks to use to execute those strategies.
October 14, 2021 | AMAT, ASML, Daily JAM, Top 50 Stocks, TSM |
Taiwan Semiconductor Manufacturing (TSM), the dominant independent chip manufacturer in the world, reported earnings today, October 14, of $1.08 per share for the September quarter. Wall Street analysts hd expected earnings of $1.04 a share. The stock closed up 2.35% today on the news.
October 12, 2021 | Daily JAM, Jubak Picks |
The Philadelphia Semiconductor Index is now down 8.7% from its September 16 peak. The slump comes as investors and traders sell on fears of supply-chain problems in the sector and especially in the memory chip market. The drop has left the index testing its 200-day moving average, a support level that hasn’t been challenged since May of 2020.
June 27, 2021 | Daily JAM, Jubak Picks, Special Reports, Top 50 Stocks, You Might Have Missed |
The pandemic is over. (I’ve got my fingers crossed, I’ll admit, about a resurgence in the winter.) But it has left behind a changed world. The new normal won’t be exactly like the old normal in big and critical ways. For investors. Think of the pandemic as a really painful test for the global economy and individual companies. (As well as a global horror that killed more than 3 million people.) Some companies passed the test with flying colors–and in fact came out of the pandemic with stronger prospects than ever. Others saw the pandemic expose expected or unexpected weaknesses. In this Special Report I’ll be putting together a list of 5 picks and 5 pans for a Post-Pandemic economy.
April 19, 2021 | AMAT, ASML, Daily JAM, Jubak Picks, Top 50 Stocks, TSM |
Taiwan Semiconductor Manufacturing (TSM), the globes biggest independent chip foundry, said last week that it expects the chip shortage that has left automakers scrambling for silicon and cutting back production will be over by the end of the third quarter. Whether that’s good news or not depends on how much weight you give to this company’s projections.
March 28, 2021 | Daily JAM, Jubak Picks, Top 50 Stocks |
In my Trick or Trend post on Saturday, March 27, I argued that the increasingly serious chip shortage experienced by car makers was bad for car stocks (since car companies are having to cut production), but good for chip makers who concentrate in the auto sector (since they are seeing rising demand and increasing pricing power) and even better for chip equipment makers (since they were already on a roll to meet higher demand for equipment to expand chip production and are now very likely to see that extra demand for chip equipment run higher and longer.)I already own shares of two chip makers that are seeing rising demand and increasing pricing power: NXP Semiconductors (NXPI) and Infineon Technologies (IFNNY). I own NXP in my Volatility Portfolio–up 97.16% since June 2, 2020. I own Infineon in my Jubak Picks Portfolio–up 81.38% since May 6, 2019. And I also own shares of chip equipment maker Applied Materials in my Jubak Picks and 50 Stocks portfolios. Applied Materials has been a member of my Jubak Picks Portfolio since January 14, 2021 (for a gain of 21.59% as of the close on March 26) and of my long-term 50 Stocks Portfolio since December 31, 2017 (for a gain of 151.64%.) Today, Monday March 29, I’m adding shares of ASML (ASML), the leading producer of lithography equipment to draw circuits onto chips. That stock gained 7.14% on Friday and is now up 28.28% for 2021 to date.
March 27, 2021 | Daily JAM, Friday Trick or Trend, Jubak Picks, Top 50 Stocks |
Car makers have put investors on notice that a severe shortage of chips is forcing them to curtail production. Volkswagen, Toyota, and General Motors have all reported halting production due to a shortage of silicon and the companies have suspended forecasts of manufacturing volumes because of the shortage. Volkswagen, for example expects a drop in production of 100,000 cars in the first quarter. Electric car maker Nio has suspended production at its Chinese plant for 5 days due to the shortage. And the shortage looks to be getting worse.
