The oil sector turns upside down–which is why I’m adding three oil stocks to my 10 Most Dangerous Stocks for the upcoming earnings season
Once upon a time investors and traders wanted to own the shares of U.S. oil shale producers and shares of the oil service companies that sold them equipment and services. U.S. oil production from oil shales--especially the low-cost Permian Basin--was soaring. Oil...
Nvidia wins the bidding to acquire key data center chip technology
Nvidia (NVDA) has won the bidding to acquire Mellanox Tech (MLNX). Nvidia has said that it expects the acquisition, which will be funded through cash on the Nvidia's balance sheet, to be accretive to non-GAAP gross margin, non-GAAP EPS, and free cash flow immediately....
Valero is a best of class refiner but it’s just not a good time to be a refiner so I’m selling the shares out of Jubak Picks
Valero Energy is the largest independent largest independent refiner in the United States. And it's also one of the best refiners in the world, period. But this just isn't a good time to be a refiner and the oil market has moved in ways that negate many of the...
After huge bounce on earnings, when is it time to sell China’s CTRP.com?
Way, way back on March 1 I wondered when it would be time to trim some China positions. The Shanghai market as a whole was up more than 14% in the last month. Sure, a potential U.S.-China trade deal offered the chance of a rally on the news, but Wall Street was...
Salesforce beats on earnings for this quarter but lowers guidance for year ahead
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Making Wal-Mart my No. 6 pick in my Special Report: 10 stocks for an earnings recession, and adding it to my Jubak Picks Portfolio
Today February 27 I'm adding Wal-Mart (WMT) to my Jubak Picks Portfolio and making it the sixth pick in my Special Report: 10 stocks for an earning recession. Only 25% of Wal-Mart's revenue currently come from outside the United States--a plus in view of my projection...
VMC is my fourth earnings recession Special Report pick
If politicians are to be believed Vulcan Materials (VMC) would be my perfect earnings recession stock. Revenue and earnings look on a steady uphill trend in 209, after carving out that track in 2018. The company's business is almost totally domestic. And there's even...
Adding Emerson Electric to my Jubak Picks Portfolio
One of my mother's favorite sayings was "It's an ill wind that blows nobody any good." (Lest anyone get the erroneous impression that my mother was an optimist, I'd note that another of her favorites was "Every silver lining has a cloud.") Which--the ill wind...
Buying this yen ETF for Jubak Picks to hedge market risk–and maybe gain 5% or so
Yesterday in a post "One consequence of change in Fed policy likely to be a weaker dollar" I noted that a number of Wall Street and big international banks have forecast a drop in the dollar as a result of the Fed's decision to back off on raising interest rates in...
Overnight optimism at end of government shutdown gives way after New York open to disappointing earnings
Disappointing earnings from Caterpillar (CAT) and an earnings warning from Nvidia (NVDA) sent stocks down this morning, negating overnight enthusiasm in Asian markets at the end of the partial shutdown of the U.S. government. The miss from Caterpillar took those...
Adding Incyte to my Special Report: 10 Best Buys for after the Bear–and to my Volatility Portfolio
The Biotech sector is a prototypical risk on/risk off asset class. Just look at the performance of Incyte if you'd like an example. The stock plunged to a low of $58.58 on December 24as investors and traders shunned risk--risk of a recession, risk of the U.S.-China...Jim’s Stock Alerts
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