May 17, 2023 | Daily JAM, GOOG, Videos |
Today’s topic is Value Over Growth. Hedge funds reported their first-quarter portfolio changes to the SEC and we’re starting to see those reports. Hedge Funds are a good indication of where institutional money is going and what their thinking is. These reports show that hedge fund managers are starting to move to value over growth. There are outliers but hedge fund managers like Steve Cohen at Point72 and Nelson Peltz from Trian Management were exiting or cutting their growth stocks and adding to their positions in value stocks like Google (Alphabet NASDAQ: GOOGL) and GE (NYSE: GE). Paul Singer at Elliott Investment Management exited both of his high-yield ETFs and reduced his exposure to Valaris (NYSE: VAL) an ocean drilling company. I saw other managers starting to reduce their exposure to energy and drilling companies as well. Going into the second quarter, after taking profits from first-quarter rallies, the pattern looks like institutions will be looking more closely at stocks that haven’t had big run-ups and could be considered to be value stocks (Alphabet?) vs putting new money into growth stocks.
April 6, 2023 | Daily JAM, DVN, GDX, GOLD, GOOG, Jubak Picks, Long Term, MSFT, PXD, SCHW |
I will add this post to the end of my post of the entire Special Report today. I’m also posting it here, however, as a stand-alone so you will get notice in your email box that Move #4 has gone up. Here’s what I posted for Move #4.
February 7, 2023 | Daily JAM, GOOG, Jubak Picks, MSFT, Top 50 Stocks |
This isn’t exactly unexpected. Microsoft (MSFT) today unveiled new versions of its Bing search engine and Edge browser powered by the newest artificial intelligence technology from ChatGPT maker OpenAI. Microsoft recently invested $10 billion in OpenAI.
January 22, 2023 | Daily JAM |
I expect technology earnings to hold center stage as investors and traders wait for the Federal Reserve to speak on interest rates next week on Wednesday, February 1. I think what companies say about expectations for revenue and earnings for the first quarter of 2023 will be more likely to move stocks significantly than what they report for the fourth quarter.
January 20, 2023 | Daily JAM, GOOG, MSFT, Top 50 Stocks |
Google’s parent Alphabet (GOOG) will cut 12,000 jobs, or 6% of its workforce, the company said today, Friday, January 20. This comes after Microsoft (MSFT), announced earlier this week that it would cut 10,000 jobs or 5% of its workforce. The two companies are gearing up to go head to head in a battle to see if artificial intelligence chatbots can disrupt Google’s stranglehold on Internet search.
October 26, 2022 | Daily JAM, GOOG, Top 50 Stocks |
Alphabet (GOOG) reported a drop of 24% in third-quarter earnings after the market closed on Tuesday, October 25. Gross revenue rose just 6% to $69.09 billion. In the third quarter of 2021, revenue grew by just 6% to $69.09 billion from the third quarter of 2021. In that 2021 quarter revenue had grown by 41%. Analysts had expected earnings of $1.25 a share–instead of the reported $1.06 a share.
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”?
October 20, 2022 | Daily JAM |
Snap (SNAP), the maker of the Snapchat app, reported the slowest quarterly sales growth ever today, October 20, after the market close. The stock, which had lost 0.64% during regular trading hours, fell 27.06% in the after-hours session. And the drop took shares of other digital ad companies down in after-hours trading. Meta Platforms (META), also known as Facebook, dropped 3.05%. Alphabet (GOOG), lost 1.87% in the after-hours season. Digital platform The Trade Desk (TTD) fell 5.24%. Pinterest (PINS) retreated 7.14%
October 12, 2022 | AAPL, Daily JAM, GOOG, Volatility |
I’m adding Puts on Apple (AAPL) and Alphabet (GOOG) to my Volatility Portfolio today as insurance against a big market dip on a bad (as in high) Consume Price Index inflation number tomorrow, October 13, and against selling in the shares of these two stocks on their earnings reports on October 27 and October 25, respectively.
July 27, 2022 | Daily JAM, Videos |
My one-hundred-and-sixtieth YouTube video “Investing to beat the coming recession” went up today. I’m back, after a week’s hiatus. This week I’m sharing some thoughts about the market trials and tribulations of Snap (SNAP) and Alphabet (GOOG) on recent earnings, my perspective going forward, and a few words of caution. We might be eager to think that we can find the stocks that will escape the recession. But as Walmart’s drop illustrates, as we get closer and closer to a declared recession, finding those few stocks gets harder and harder. It’s time to try something else, I’d suggest.
July 23, 2022 | Daily JAM |
This week brings an interest rate decision from the Federal Reserve (75 basis point increase?), market reaction to the Russian attack on Ukraine’s major grain port, and earnings from Alphabet, Microsoft, Amazon, and Apple. Here’s my preview of what we might see–or at least what to look for–this week.
April 25, 2022 | AAPL, ABBV, AMZN, BMY, CMG, Daily JAM, FB, GOOG, Morning Briefing, MSFT, PYPL |
Going into this earnings season, the hope was that strong, surprisingly strong perhaps, earnings from the big growth stocks would put a stop to the selling. Earnings would be strong enough to convince investors that the market wasn’t over-valued since at these growth rates stocks would be seen to be quick growing into current extended valuations That hasn’t exactly worked so far. But this week the earnings story from growth stocks hits its stride. If the companies reporting this week can’t make the case for growth stock earnings, there probably isn’t a growth stock story to be made in the light of Federal Reserve interest rate increases, supply chain disruptions, and fears of a recession.
