July 18, 2021 | AMD, Daily JAM, IFNNY, Jubak Picks, NVDA, NXPI, Top 50 Stocks, TSM, Volatility |
On Thursday, July 15, Taiwan Semiconductor Manufacturing (TSM), the world’s leading chip foundry, reported earnings of 93 cents a share for the second quarter, up 18% year over year. That was inline with analyst estimates. Sales rose 28%. The company raised its revenue guidance for the third quarter to a range of $14.6 billion to $14.9 billion. The midpoint of that range, $14.75 billion, was above the Wall Street consensus estimate of $14.57 billion. Sales in the third quarter of 2020 are $12.4 billion.Taiwan Semiconductor said that it now expects sales to grow more than 20% this year, an increase from the 20% target announced earlier in the year. For 2020-2025, the company raised its revenue forecast to a compound annual growth rate of 15% from a previous target of 10% to 15%. But the stock dropped 5.5% on July 15 and fell another 1.52% on Friday, July 16. Why?
July 16, 2021 | Daily JAM, EVGO, Millennial, Volatility |
On July 15, General Motors announced that Brightdrop, its new unit for recharging electric vehicles, would expand to the recharging of commercial fleet vehicles (such as FedEx.) GM named EVgo (EVgo), already partnering with GM to expand its network of fast charging stations, as a preferred partner in the fleet effort. Yesterday shares of EVgo jumped 14.18% on the news. Today, Friday, July 16, the stock gave back 2.57%. EVgo is already a member of my Volatility Portfolio where it is up 4.81% since I added it on May 19, 2021 through a purchase of shares in the the SPAC that would take the company public via a reverse merger. I’ll be adding EVgo shares to my “Millennial Portfolio (for investors with more time than money)” on Monday
July 15, 2021 | Daily JAM, VIX, Volatility |
My strategy for trading volatility using the CBOE S&P 500 Volatility Index (VIX) has two parts
July 8, 2021 | Daily JAM, Videos, Volatility |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The thirty-third YouTube video “QuickPick: EVGO for fast charging” went up today.
July 1, 2021 | Daily JAM, Jubak Picks, Volatility |
Yesterday in my video “3 Picks for an Earnings Blowout” I argued the case that even the 61% second quarter year to year jump in earnings in the Wall Street analyst consensus was understated.. There’s a very high likelihood that we’ll see lots of positive earnings surprise in the second quarter earnings season the begins on July 13 when JPMorgan Chase reports earnings before the market opens. In that video I suggested three stocks JPMorgan Chase (JPM), Taiwan Semiconductor (TSM) and Advanced Micro Devices (AMD) as picks to play that second quarter earnings surprise. Today I’m adding one of these Advanced Micro Devices to my online portfolio with shares in my 12-18 month Jubak Picks Portfolio and Call Options in my Volatility Portfolio.
June 7, 2021 | Daily JAM, Volatility |
The CBOE S&P Volatility Index (VIX) dropped 8.9% on Friday, June 4, to 16.44. It’ up just slightly today to 16.73 (up 1.89%) as of 2 p.m. New York time. That’s, in my opinion, an extremely low reading on the fear index considering how many potentially market moving volatility events we’ve got ahead of us over the next six months. (For a list see my Special Report: 5 picks and 5 hedges for a falling market.) So today, June 7, I’m adding another Call Option on the ViX to my Volatility Portfolio.
June 4, 2021 | CLII, Daily JAM |
Once upon a time, way back in 2020 Special Purpose Acquisition Companies (SPAC), blind pools that raised money with a strategy of finding s promising still-private company to acquire and then take public, were the hottest thing on the speculative menu. They were, if I can make a comparison, the GameStops (GME) and AMCs (AMC) of that market. Then they fell way, way out of favor. But they look to be making a comeback in the last week
May 26, 2021 | BBW, Daily JAM, Volatility |
When I added shares of Build-A-Bear Workshop (BBW) to my Volatility Portfolio on March 31, 2021, I was thinking that the stock would move up in price as pandemic restrictions that had forced the closing of most of the company’s stores eased. The company had made a huge and successful shift to online selling and I thought that Build-A-Bear would be able to continue that success as well as reap the revenue gains that would come from the reopening of its brick and mortar stores. But I certainly didn’t expect the stock to gain 103.91% from then until the close on May 26. The stock climbed another 39.31% today on the release of earnings and is now up 100.14% in the last three month; 78.10% in the last month, and 56.33% in the last week. I’m selling the shares today, May 27, on the great news in the earnings report for the quarter.
May 17, 2021 | Daily JAM, DIS, Volatility |
Last night I said that I’d buy the Disney Call Options for July 16 at either the $170 or $175 strike price. On Friday, I noted that the spread between the two options seemed especially large at 38.4% and that I’d wait for Monday trading to give me more of a clue on which option to prefer. Today I’m going with the $170 July 16 Call Options (DIS210716C00170000) because with today’s drop to $170.01 they remain slightly in the money and I think they’re more likely to give me a significant gain during the life of the option.
May 4, 2021 | Daily JAM, JJOFF, Volatility |
Researchers looking for a way to improve the tolerance of the Arabica coffee plant that accounts for 56% of global coffee production may have found their cuppa in Sierra Leone. Coffea stenophylla grows at a mean annual temperature up to 12.24 degrees higher than Arabica. And coffee tasters say, according to Bloomberg, it has a flavor similar to Arabica rather than to the more temperature tolerant Robusta coffee used now in instant and other bulk coffees. Global coffee production is threatened by rising temperatures
April 12, 2021 | Daily JAM, Long Term, NVDA, Top 50 Stocks |
Nvidia (NVDA) announced its first microprocessor for the server market today, April 12. Right now Intel (INTC) owns around 90% of the market for server processors. And the company also reported that first-quarter revenue “is tracking” above its previous forecast. Revenue in the quarter ending in April is now expected to be higher than $5.3 the billion, which Nvidia projected on February 24. Nvidia shares were up 5.62% today on the news
April 12, 2021 | Daily JAM, Dip-O-Meter, Mid Term, PYPL, RUN, TDOC, Volatility |
Looking at the recent performance numbers on the 20 stocks I’m tracking in my Dip-O-Meter as of the close on Friday April 9, I have to conclude that for most of these stocks it’s time to take a pause on any “buy on the dip” opportunities. What I’m seeing in this sample is a general weakening of the upward bounce on rally days from these stocks–and without a strong bounce on a good day there’s not much reason to buy on the dip.
