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Money

Adding Southern Copper with its 3.33% dividend to the (what else?) Dividend Portfolio

In my just completed Special Report: "Your Investment Guide for the Next 6 Dangerous Stock Market Months" on my JubakAM.Com site I wrote that I'd look to add some coronavirus recovery stocks to my portfolio during weakness in the November time period--looking looking toward better economic growth, a stimulus package, and positive news on a vaccine in 2021. The idea is to find stocks that will begin to anticipate a 2021 recovery--based on a coronavirus stimulus package in January and the wide deployment of an effective coronavirus vaccine beginning with applications to the U.S Food & Drug Administration in late to mid-November.

Earnings season starts tomorrow morning with JPMorgan Chase and Citibank

The big banks kick off third quarter earnings reports tomorrow, Tuesday, October 13 with JPMorgan Chase (JPM) due to report before the open. The analyst consensus is that the bank will earn $1.93 a share, down from the $2.68 a share earnings in the September quarter of 2019. Citigroup (C) is also scheduled to report that day with analysts projecting earnings for the quarter of 78 cents versus $1.98 a share in 2019. The whisper number on JPMorgan Chase has been moving up lately. (The whisper number is an estimate of the informal late minute estimates being passed among analysts.) To me, it looks like Wall Street thinks JPMorgan Chase with its big trading and fixed income units will pull a earnings surprise out of its hat. If I were thinking to short a bank stock ahead of earnings tomorrow, it wouldn't be JPMorgan Chase.

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