August 2018 - Page 136 of 240 -

Bear Of The Day: JetBlue (JBLU)

Aug 16, 2018 Jeremy Parkinson Finance 0

JetBlue Airways Corporation (JBLU – Free Report) is getting hit by rising costs. This Zacks Rank #5 (Strong Sell) is expected to see a double-digit decline in earnings in 2018. JetBlue operates a low-cost airline with its main hub being New York. It is also a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and […]

Japanese Economy Returns To Growth

Aug 16, 2018 Jeremy Parkinson Finance, No picture 0

The economy of Japan is the third largest in the world behind those or the USA and China, respectively. In the first quarter of 2018, the Japanese economy contracted by 0.2%, its first quarterly fall in two years. Data released recently shows that the economy returned to growth in Q2 with an expansion of 0.5%. […]

Are Interest Rates Peaking? Watch The Copper/Gold Ratio

Aug 16, 2018 Jeremy Parkinson Finance 0

If you spend time researching market relationships you can better understand money flows, rotation, and reasons why money flows rotate. This can be very helpful in identifying trend changes as well. Today, we’ll look at the relationship between 10 Year US Treasury Bond Yield (INDEXCBOE: TNX) and the ratio of Copper (NYSEARCA: JJC) to Gold (NYSEARCA: GLD). Interest Rates Peaking? Looking at […]

JCPenney Crashes To Record Lows As Default Risk Soars

Aug 16, 2018 Jeremy Parkinson Finance 0

JCPenney shares are down over 20% this morning in the pre-market… …trading below $2 for the first time in its almost 40 year history… …after posting a wider-than-expected quarterly loss and disappointing sales. The struggling department-store chain, which has been without a chief executive since May, also lowered its forecast for the year, and now expect a loss. […]

Weekly Unemployment Claims: Down 2K, Beats Forecast

Aug 16, 2018 Jeremy Parkinson Finance 0

Here is the opening statement from the Department of Labor: In the week ending August 11, the advance figure for seasonally adjusted initial claims was 212,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 213,000 to 214,000. The 4-week moving average was 215,500, […]

Boiling A Turkey

Aug 16, 2018 Jeremy Parkinson Finance 0

There is an age old fable describing a frog being slowly boiled alive. The premise is that if a frog is put suddenly into boiling water, it will try and save itself. However, if the frog is put in tepid water which is then brought to a boil slowly, it will not perceive the danger and […]

Hello, Yuan Bears? China Will Be Squeezing You Now. Have A Nice Day

Aug 16, 2018 Jeremy Parkinson Finance 0

Good news: the offshore yuan rallied the most in three weeks on Thursday, snapping a six-day losing streak in the process, thanks to a variety of factors, including the apparent restart of trade negotiations between Beijing and Washington. On Wednesday evening, the Chinese Ministry of Commerce said the U.S. has invited a Chinese delegation to Washington for talks in “late August”. It’s […]

Higher Again, Correction Over?

Aug 16, 2018 Jeremy Parkinson Finance 0

The U.S. stock market indexes lost between 0.6% and 1.2% on Wednesday, extending their short-term downtrend, as investors’ sentiment further worsened. The S&P 500 index got very close to the level of 2,800 before bouncing off that support level. It currently trades 1.9% below the January’s 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.6% and […]

Fed Remains On Track To Raise Rates Again In September

Aug 16, 2018 Jeremy Parkinson Finance, No picture 0

The recent turmoil in emerging markets hasn’t deterred the Federal Reserve from lifting interest rates at next month’s monetary policy meeting, according to analysts, Fed funds futures, and the recent trend in inflation-adjusted base money supply. A handful pundits still wonder whether the escalating financial crisis in Turkey, which has weighed on stocks and bonds […]

Walmart Soars 8% On Strongest Comps In 10 Years, Outlook Boost; Dow Futs Rise

Aug 16, 2018 Jeremy Parkinson Finance 0

Walmart stock is soaring 8% in the premarket, pushing Dow futures even higher – WMT has a 2.4% weighting in the DJIA – after reporting earnings that smashed expectations and boosted guidance. The company reported Q2 EPS of $1.29, above the highest Wall Street estimate (consensus 1.22, range 1.17-1.28), on revenue of $128BN, also above […]