November 1, 2022 | Daily JAM, Videos |
Today I posted my one-hundred-ninety-ninth YouTube video: Quick Pick General Motors. This week’s Quick Pick is General Motors (NYSE: GM). On Monday morning, October 25, GM announced third-quarter revenue earnings of $41.89 billion-slightly below the $42 billion that Wall Street was expecting, but still a record high for General Motors. The adjusted earnings of $2.25 per share killed Wall Street estimates of $1.89. Additionally, GM confirmed its full-year earnings guidance of $13 to $15 billion for the year. That’s extremely reassuring for a market wary of a possible recession. The Chevy Bolt is back (after a previous halt to sales due to severe battery problems) and took about 8% of the US market for electric vehicles in the last quarter. The successful return of the Bolt, with more electric vehicles coming in 2023, gives GM, essentially, sole (or close to it) ownership of the low-priced end electric vehicle market. The company also recently announced that it has assured supply of the materials needed to build the vehicles and batteries through 2025 at a rate of one million vehicles a year. While GM is no Tesla, the stock isn’t priced as if it were, either. Is Tesla with a market cap of $689 billion actually worth 12 times GM’s $53 billion? I’ll be adding recently added GM to my portfolios on JubakPicks.com and JubakAm.com.
October 25, 2022 | Daily JAM, Jubak Picks, KO, Morning Briefing, Top 50 Stocks |
This morning before the stock market open Coca-Cola reported earnings of 69 cents a share for the third quarter. That was up from 65 cents a share in the third quarter of 2021 and was above the 64 cents a share expected by Wall Street analysts. Revenue of $11.1 billion was higher than the $10.5 billion projected by Wall Street.
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 18, 2022 | Daily JAM, Jubak Picks |
On Monday on my subscription JubakAM.com site, I made Lynas Rare Earths (LYSDY) the eighth pick in my Special Report: 9 Picks to Make Money in This Bear Market and said that I would add it to the Jubak Picks Portfolio today. This is what I wrote in my Special Report: “This isn’t a Fed pick, an economic growth pick, or a Bear Market bottom pick. It’s a straightforward U.S.-China trade war pick
October 5, 2022 | COST, Daily JAM, Jubak Picks |
After the market close on October 5, Costco Wholesale (COST) reported that sales for September had climbed 10.1% to $21.46 billion. Total same-store sales rose 8.5% in September, beating Wall Street’s estimate of 6.3% growth.
October 4, 2022 | Daily JAM, Jubak Picks |
I added Freyr Battery to my 10 Perfect Stock Special Report today. Tomorrow I’m adding the stock to my Jubak Picks Portfolio with a target price of $21 a share. This is what I wrote about Freyr in my Special Report.
September 26, 2022 | COST, Daily JAM, Jubak Picks |
Shares of Costco Wholesale closed up 2.98% on September 26. The advance against the grain of a generally down market comes after the company announced a beat on both revenue and earnings for its fiscal fourth quarter on Thursday, September 22.
August 28, 2022 | Daily JAM, Jubak Picks, Morning Briefing |
Asian traders bid down futures for Japanese stocks by almost 2% and by 1.5% for Australian stocks ahead of the Monday opening of New York markets. On Friday, after a hawkish speech on interest rates and inflation by Federal Reserve chair Jerome Powell the Standard & Poor’s 500 lost 3.37%.
August 26, 2022 | Daily JAM, Morning Briefing, UUP |
Well, that was short and direct. Especially for the Federal Reserve. In a speech of less than 10 minutes Fed chair Jerome Powell warned financial markets to expect that the central bank will keep raising interest rates and will then leave them at higher levels for some time in order to control inflation. Stocks dropped on Powell’s remarks with the S&P 500 down 2.80% at 3 p.m. New York time.
August 25, 2022 | ALB, Daily JAM, Jubak Picks, Top 50 Stocks |
Lithium producer Albemarle (ALB) closed up 2.71% today after hitting an all-time high of $298.17 in intraday trading. The shares closed at $295.68. The gains for Albemarle, and across the lithium sector, came as Goldman Sachs upgraded lithium battery maker Freyr Battery (FREY) on projected higher demand for lithium batteries after the Inflation Reduction Act. Albemarle is a member of my Jubak Picks Portfolio where it is up 200.18% since my August 10, 2018 stock pick. The stock is also a member of my long-term 50 Stocks Portfolio where it is up 221.67% since February 17, 2017.
August 24, 2022 | Daily JAM, Jubak Picks, UNG, Volatility |
On Tuesday U.S. natural gas prices tumbled after the operators of the Freeport liquefied natural gas terminal said production will resume in early to mid-November instead of October as earlier announced. The terminal, which handles almost 20% of U.S. LNG exports, was knocked out of operation by an explosion in June. The trouble at Freeport has been an especially big deal for European LNG shipments since the United States sends almost 75% of its LNG to Europe and that market has been scrambling to replace natural gas from Russia after that country’s invasion of Ukraine. Natural gas futures dropped 6.5% on Tuesday after hitting $10 per million BTUs for the first time since 2008. Today, Wednesday, August 24, natural gas futures for September delivery are up 2.09% as of 1:30 p.m. New York time.
August 23, 2022 | Daily JAM, Morning Briefing |
Acres that U.S. farmers were unable to plant have more than tripled from the same period last year as extreme weather wreaks havoc on fields, according to the August report from the Farm Service of the U.S. Department of Agriculture. Prevented planting acres–or the acres of insured crops that can’t be planted because of disasters including flooding and drought–stood at 6.4 million. That’s up from 2.1 million in 2021. Prevented planting acres of corn jumped to more than 3 million acres, from 639,000 acres in 2021, according to the USDA. Wheat shot up to more than 1 million acres from nearly 300,000 acres last year. Not surprisingly grain prices have climbed–and so have the prices of commodity funds. The Teucrium Corn Fund ETF (CORN) is up 4.01% today, August 23, as of noon New York time. The ETF is a member of my Volatility Portfolio where it’s down 8.45% since I added it on June 17, 2022. The Teucrium Wheat Fund ETF (WEAT) is up 2.58% as of noon today. That ETF is a member of my Jubak Picks Portfolio. It’s down 27.26% since I added the position on May 25, 2022.
