January 26, 2024 | Daily JAM, Jubak Picks, Morning Briefing, Top 50 Stocks, V |
After the close yesterday, Visa (V) reported earnings of $2.41 a share (after adjusting for one-time items) for the December 2023 quarter. (That the company’s fiscal first quarter.) Analysts had been looking for $2.34 a share in adjusted earnings. Revenue grew 8.8% to $8.63 billion, again beating analyst forecasts for $8.55 billion in revenue. Visa said payments volume grew 8%, and that its processed transactions rose 9% in the period. And yet the stock was down $4.70 a share, or 1.72%, to $267.91 at the close today, Friday, January 26. Why?
April 27, 2022 | Daily JAM, Jubak Picks, Top 50 Stocks, V, You Might Have Missed |
After hours on Tuesday, April 26, Visa (V) reported earnings of $1.70 a share. That modestly beat analyst projections of $1.65 a share for the quarter. But it was a big jump from the $1.35 a share in the first quarter of 2021. Visa’s shares were up 6.47% on Wednesday. Visa is a member of my Jubak Picks Portfolio where it is up 239.26% since I added it to that list on November 15, 2015. As of April 28 I’m raising the target price on Visa in Jubak’s Picks to $266 from the prior target of $194. I will also add the stock to my long-term 50 Stocks Portfolio.
October 5, 2021 | Daily JAM |
Today, October 5, I’m making Intuit (INTU) my eighth pick in my Special Report: 10 Greatest “Savings Account Stocks.” (As with pick No. 7 MasterCard, I’m suggesting that you hold off on buying Intuit until we see a bigger dip or the end of October and its volatility.) Here’s the tricky thing about finding great savings account stocks in the financial sector. In technology it’s “reasonably” easy to see what a company’s competitive advantage is and to estimate how long it will last. We can look at the intellectual property built up by a Nvidia (NVDA) and estimate the distance–and time–between the company and its identifiable competitors. This is much harder for a financial stock because 1) the sector is in turmoil with “disruptors” popping up like wild flowers after a desert rain, and 2) it’s not clear, much of the time, what a meaningful competitive advantage might consist of. But there are a few exceptions where a company has carved out a clear competitive advantage in a part of the financial market space. And I think Intuit is one of those exceptions.
October 4, 2021 | Daily JAM |
Today, October 4, I'm making MasterCard (MA) my seventh pick in my Special Report: 10 Greatest "Savi... To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing...
September 23, 2020 | ALB, Daily JAM, GOLD |
At 1 p.m. New York time the Standard & Poor's 500 was down 0.25%. At the close it was lower by 2.37% The pick up in selling was led by big tech stocks. Amazon (AMZN), for example was down 1.57% at 1 p.m. and 2.32% at the close. Microsoft was down 1.22% but...
January 31, 2020 | Daily JAM, Morning Briefing |
As of 3 p.m. in New York today, the Standard & Poor's 500 was down 1.56% and the Dow Jones Industrial Average was lower by 1.89%. The NASDAQ Composite was holding up better with only a 1.27% drop. The small cap Russell 2000 continued as the weakest of the major...
May 13, 2019 | Daily JAM, Morning Briefing |
Adding to Monday's market sell off or maybe causing Monday's market sell off or maybe just a result of the Monday sell off, the yield curve on U.S Treasuries inverted again on May 13. The yield on the 3-month Treasury bill at 2.38% ended the day higher than the yield...
April 3, 2019 | Daily JAM, Short Term, You Might Have Missed |
Today, Wednesday April 3, action in the three legs that support stocks near the highs for 2019 pointed toward significant risk for Thursday and Friday. The Standard & Poor's 500 index closed the day up 0.21% at 2873. Leg 1 for the market: The financials, the...
October 12, 2018 | Daily JAM, Morning Briefing |
Earnings from Citibank (C), JPMorgan Chase (JPM), and Wells Fargo (WFC looked solid this morning but the more the market thought about them the more disappointed it got. The Financial Sector Select SPDR ETF (XLF) was up 1.6% in the early going but as of 2:30 p.m. New...
September 6, 2018 | Daily JAM, Short Term |
I know it looks like nothing much happened in the U.S. stock market today, Thursday, September 6. After all the Standard & Poor's 500 stock index was off just 0.37% and the Dow Jones Industrial Average was actually head by 0.08%. But below the surface, there was...
February 3, 2018 | Daily JAM, Friday Trick or Trend |
What was the difference between the slight slide in the Standard & Poor’s 500 stock index on Thursday–a drop of just 7.25 points or 0.27%–and the debacle on Friday when the S&P 500 fell 2.12% or 59.85 points to 2762.13? The financial sector. On Thursday the financials supported the entire market with the Financial Sector Select SPDR ETF (XLF) climbing 0.94% even as the S&P 500 was headed lower. On Friday, financials fell even harder than the overall market with the XLF ETF dropping 2.20%.
June 29, 2017 | Daily JAM, Morning Briefing, Short Term, Volatility |
Yesterday’s rally in technology stocks and the NASDAQ Composite has disappeared this morning. At 12:30 New York time the NASDAQ was off 1.6%; the Technology Sector Select SPDR (XLK) was down 1.72%; and individual technology stocks were also in the red. Amazon (AMZN), for example, was lower by 1.58%; Nvidia (NVDA) was down 3.57%; Apple (AAPL) had retreated 1.58%; and Facebook had lost 1.16%.