Jubak Picks

Update Joy Global (JOYG)

Jim Jubak — Tue, 07 Sep 2010 19:10:03 +0000

Investors who bid up the price of construction machinery and mining equipment stocks in anticipation of Joy Global (JOYG) earnings announcement before the New York stock market opened on September 1 should be very happy with the company’s earnings report. (For more on the sector see my post http://jubakpicks.com/2010/08/31/if-the-economy-is-so-terrible-why-are-machinery-stocks-relatively-strong/ ) Joy Global announced July quarter [...]

If you’re looking for a slowing real estate market in China, you sure won’t find it in Hong Kong

Jim Jubak — Tue, 07 Sep 2010 17:33:14 +0000

Traders and investors hoping that China will soon loosen financial restrictions designed to cool China’s real estate market won’t find any good news in the August 30 land auction in Hong Kong. A parcel in Kowloon Tong went for $165 million in an auction run by Hong Kong’s government. That set a per-square-foot record for [...]

Buy Newmont Mining (NEM)

Jim Jubak — Fri, 03 Sep 2010 18:12:58 +0000

At some point in every gold rally, the market flips a switch and gold mining stocks start to outperform gold itself. I think we’re at that inflection point now. Analysts on Wall Street are calling for gold to hit $1500 an ounce by December 2011. That would be roughly 18% above the record $1266.50 reached [...]

More gloom and doom on Japan? I can’t wait (Well, actually I can but November seems a good time to buy)

Jim Jubak — Fri, 03 Sep 2010 12:30:01 +0000

On August 30, the Bank of Japan, the country’s central bank, announced a major new program of monetary stimulus. The governor of the bank even flew back from the Federal Reserve’s Jackson Hole conclave for the world’s central bankers. The Japanese government announced what it billed as significant new economic stimulus package. And the financial [...]

Iron ore prices retreat by 12% and iron ore mining stocks say, So what?, and move higher

Jim Jubak — Thu, 02 Sep 2010 18:44:35 +0000

It’s hard to imagine this happening with any other “product.” The price of the product drops 12% for the next quarter. And the stock market essentially shrugs it off. On a bad day for the market, August 30, when the Standard & Poor’s 500 stock index drops by 1.47%, the shares of the world’s biggest [...]