Buying Cyber Security stock CrowdStrike in my Jubak Picks and Millennial portfolios

Buying Cyber Security stock CrowdStrike in my Jubak Picks and Millennial portfolios

June 13, 2021 | Daily JAM, Jubak Picks, Millennial, Stock Alerts | 1 comment

I posted Friday, June 11, that investors looking for a theme to buy in an expensive market had turned to Cyber Security stocks. Makes sense, I noted, with ransomware attacks running at a fast pace and forecast pointing to even more attacks on corporate and government systems in the months (years?) ahead. I wrote that in this sector I already owned Palo Alto Networks in my Jubak Picks Portfolio where the stock is up 79% since I added this position on June 27, 2019, and in my 50 Stocks Portfolio where it is up 50% since I added this position on January 21, 2020, and in my new Millennial Portfolio where the position is up 0.94% since I added it on May 21, 2021. And that I would be adding another Cyber Security stock, CrowdStrike Holdings, to my Jubak Picks and Millennial portfolios on Monday, June 14

Buying Cyber Security stock CrowdStrike in my Jubak Picks and Millennial portfolios

Palo Alto Networks beats on earnings, raises guidance, cybersecurity stock rallies strongly today–raising target price in Jubak Picks and adding to Millennial Portfolio

May 21, 2021 | Daily JAM, Jubak Picks, Millennial, PANW | 0 comments

Yesterday, May 20, after the market closed, Palo Alto Networks (PANW) reported third-quarter fiscal 2021 non-GAAP earnings of $1.38 per share. That beat the Wall Street consensus by almost 8%. Last earnings for the third quarter of the fiscal year were $1.17. Revenue gained 24% year over year to $1.07 billion. That was slightly above the Wall Street projection of $1.06 billion. After the earnings announcement the company raised guidance for the fiscal 2021 fourth quarter to project earnings per share of $1.42 to $.44 and year over year revenue growth of 23$ to 24% to $1.65 billion to $1.715 billion. For all of fiscal 2021 the company forecast adjusted earnings of $5.97 to $5.99 a share. That was up from an earlier projection of $5.80 to $5.90 a share.

Buying Cyber Security stock CrowdStrike in my Jubak Picks and Millennial portfolios

Keeping Palo Alto Networks with a big boost to my target price

March 1, 2021 | Daily JAM, Jubak Picks, PANW, Top 50 Stocks | 0 comments

After the close on Monday February 22 Palo Alto Networks (PANW) reported a loss of $1.42 million (or $1.48 a share) on revenue of $1.02 billion million for the company’s fiscal second quarter. Adjusted earnings–which exclude share-based compensation and other items, were $1.53 a share. Revenue grew by 25% year over year. Wall Street had been looking for adjusted earnings of $1.43 a share on revenue of $986 million. Billings for future orders ross to $1.21 billion from $999 in the year ago wearer. Analysts had forecast billings of $1.18 billion. But the shares fell in after hours trading when in its conference call the company forecast adjusted earnings of $1.27 to $1.29 a share on revenue of $1.05 to $1.06 billion for the fiscal third quarter. Analysts were looking for adjusted earnings of $1.29 a share on revenue of $1.05 billion for the fiscal third quarter. For the full fiscal year Palo Alto Networks forecast adjusted earnings of $5.80 to $5.90 a share on revenue of $4.15 billion to $4.2 billion. Wall Street had been looking for $5.79 a share in adjusted earnings on revenue of $4.12 for the year. On the plus side of the ledger there are two reasons that I’m keeping this company in my Jubak Picks Portfolio and my long-term 50 Stocks Portfolio

GameStop Reddit trade plunges; money seeks new plays

GameStop Reddit trade plunges; money seeks new plays

February 2, 2021 | Daily JAM, Morning Briefing, Short Term | 3 comments

As of 3:15 p.m. today, February 2, in New York, shares of GameStop (GME)were down 56.22% to $98.50. That a big drop from the January 27 closing high of $347.51, but it’s still significantly above the $17.25 price on January 4. Other stocks that have ridden the Reddit WallStreetBets fever for short squeeze horses are down today too. AMC (AMC) is off 39.70% to $8.02. First Majestic Silver (AG), the big silver play of the last few days, has given up 24.28% to $16.75. Bed Bath & Beyond (BBBY) is off 14.64% to $25.77. American Airlines (AAL), an early short squeeze play, slipped 1.16% to $17.65. The only potential short squeeze bet (if it was, that is) that’s still climbing is vaccine pill biotech Vaxart (VXRT), which was up 34.30% at 3:15 and looks to be riding momentum into the close. (The shares were up 54.43% as of 3:40 p.m.) Vaxart does bring this question to mind: So if the money is coming out of GameStop, etc., where is it going?