March 2017 - Page 13 of 111 -

US Inflation And Retail Sales Mostly In Line With Expectations – USD Ticks Up

Mar 15, 2017 Jeremy Parkinson Finance 0

Inflation and retail sales data for February leave the stage open for the Fed. Most data comes out as expected: core CPI is 2.2% y/y as predicted. Retail sales are up 0.1%, core sales are up 0.2% and the retail control group is up 0.1% a small miss. There are upwards revisions to retail sales numbers. […]

E The Trillion Dollar Coin

Mar 15, 2017 Jeremy Parkinson Finance 0

“Change is good, but dollars are better.” -Unknown Recently I penned an article highlighting the country’s fiscal condition. This year’s Ides of March (15th) acquires special significance with the expiration of the Obama-Boehner debt ceiling deal, the Fed meeting, and an election in the Netherlands. Unless there’s an increase in the debt ceiling, the Treasury will be […]

Supply Slide Drive

Mar 15, 2017 Jeremy Parkinson Finance 0

Crude oil is back on a supply side drive after the American Petroleum Institute (API) reports an oil supply drop, perhaps signaling that last week’s massive crude oil supply increase was a fluke! This comes after mixed data from OPEC surrounding Saudi Arabian production numbers where the Saudis reported a production increase, perhaps to send […]

RBC Capital Markets Reiterates Outperform Rating On Apple Inc. – Here’s Why

Mar 15, 2017 Jeremy Parkinson Finance 0

..Analysts at RBC Capital Markets, today reiterated their Outperform rating on Apple Inc. (AAPL) while boosting their price target from $140 to $155. That new target suggests an 11.5% upside to the stock’s Tuesday closing price of $138.99. From StockNews.com In a note to clients, RBC said it has seen increased focus on AAPL’s services […]

Goldman Says “Not In OPEC’s Interest” To Extend Cuts; IEA Thinks Maybe You Need To Be More “Patient”

Mar 15, 2017 Jeremy Parkinson Finance 0

Yesterday was a fun day for crude. As documented here extensively, oil initially plunged on reports that Riyadh raised output to over 10m b/d in February, reversing 1/3 of the cuts made in January. Oil promptly plunged. Apparently surprised at just how closely the market still listens to the kingdom, Riyadh pulled a “just kidding,” and tried to play the whole […]

JPM: “This Is The Bottom Line For Stocks”

Mar 15, 2017 Jeremy Parkinson Finance 0

While it has been a quiet session so far, today’s events have the potential to substantially boost market volatility. Here, courtesy of JPM’s Adam Crisafulli, is the “bottom line for domestic equities” and what to watch for among today’s information barrage. Market update – it was another relatively quiet night of news. US futures and Eurozone […]

Valeant: Kicking The Can Down The Road?

Mar 15, 2017 Jeremy Parkinson Finance 0

The drama continued for Valeant (VRX) last week after it sought to restructure $3 billion in debt, and remove or modify certain of its interest maintenance covenants. The company got the refinancing done and the covenant relief it requested: Valeant announced today that it has priced its previously announced offering of $1.25 billion aggregate principal […]

European Commission Approves AT&T’s Acquisition Of Time Warner

Mar 15, 2017 Jeremy Parkinson Finance 0

The European Commission, the executive body of the European Union, has approved AT&T’s (T) pending acquisition of Time Warner (TWX). “We appreciate the skilled work of the European Commission’s team for their timely effort to analyze and clear the AT&T-Time Warner merger,” said Bob Quinn, senior executive vice president, AT&T External and Legislative Affairs. “This […]

EUR/USD And GBP/USD Forecast – Wednesday, March 15

Mar 15, 2017 Jeremy Parkinson Finance 0

EUR/USD The EUR/USD pair fell slightly during the day on Tuesday as we continue to see a bit of a roll over in this pair. With the FOMC Statement coming out today, it’s likely that we will continue to see negative pressure. This is because I believe that the Federal Reserve is going to sound […]

Are Hospital Stocks In Trouble If Obamacare Is Replaced?

Mar 15, 2017 Jeremy Parkinson Finance 0

The Trump administration is steadily moving toward restructuring the federal healthcare law. Such an action comes as no surprise since President Trump has always been an outspoken critic of the Affordable Care Act, or ACA, popularly known as Obamacare. Trump Alternative In place of Obamacare, the Republican proposal called The American Healthcare Act (AHA) means […]