October 2018 - Page 236 of 262 -

Lennar Stock Up On Q3 Earnings Beat, Revenues In Line

Oct 03, 2018 Jeremy Parkinson Finance, No picture 0

Lennar Corporation’s (LEN – Free Report) shares gained 5.5% in the pre-market trading session, following the release of third-quarter fiscal 2018 results, wherein earnings surpassed the Zacks Consensus Estimate. The company’s third-quarter adjusted earnings of $1.40 per share topped the consensus mark of $1.19 by 21 cents. The reported figure mainly excludes acquisition and integration costs […]

Do Markets Care About Midterms?

Oct 03, 2018 Jeremy Parkinson Finance, No picture 0

As fall hits its stride, the looming midterm elections in the U.S. Congress are increasingly becoming a focal point for the nation. On Nov. 6, contests across the country will decide whether the Democratic party wrests control of the House of Representatives, the Senate or both chambers of Congress from the Republican party, which has […]

Inverse H&S In The Miners? Really?

Oct 03, 2018 Jeremy Parkinson Finance 0

Gold rallied, silver rallied, and mining stocks rallied. That’s how one can summarize yesterday’s session. The volume was huge, so it appears that a major upswing has just begun. But is this really the case? As always, just because things look encouraging and the emotions are high, it doesn’t mean that anything changed. One needs […]

ISM Non-Manufacturing: All-Time High

Oct 03, 2018 Jeremy Parkinson Finance, No picture 0

The Institute of Supply Management (ISM) has now released the September Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at 61.6 percent, up 3.1 from 58.5 last month and an all-time high. Today’s number came in above the Investing.com forecast of 58.1 percent. Here is the report summary: […]

Services Sector On Fire

Oct 03, 2018 Jeremy Parkinson Finance 0

Within the commentary section of the September ISM Non-Manufacturing report today, one of the respondents noted that “Every day is a bit better than the last”. Looking at the details of this month’s report, that person’s comment may actually be an understatement. At the headline level, the September ISM Non-Manufacturing report came in at a level […]

September 2018 ADP Job Growth Is 230,000

Oct 03, 2018 Jeremy Parkinson Finance 0

ADP reported non-farm private jobs growth at 230,000 which was above expectations. Analyst Opinion of ADP Employment Situation This month the rate of ADPs private employment year-over-year growth is slightly above the tight range seen over this year. Last month’s employment numbers were revised marginally downward. ADP employment has not been a good predictor of […]

Analysts More Cautious On Facebook Following Security Breach In ‘Tough Year’

Oct 03, 2018 Jeremy Parkinson Finance 0

In a research note this morning, Argus analyst Joseph Bonner lowered his price target on Facebook shares to $210 following the recently disclosed security breach that compromised personal information of 50M user accounts. However, the analyst argued that the headlines of a “massive” security breach may be excessive. Meanwhile, his peer at Deutsche Bank told […]

Three Charts Every Investor Needs To See Right Now

Oct 03, 2018 Jeremy Parkinson Finance 0

More and more “bells are ringing” for this market rally. The microcap index, called the Russell 2000, typically leads the overall market in risk on/ risk off moves. With that in mind, what does the below chart suggest? Historically, another market leader are financials stocks. With that in mind, what does the below chart suggest? […]

Red Hat Stumbles, Yet Again

Oct 03, 2018 Jeremy Parkinson Finance 0

Linux provider Red Hat (NYSE: RHT) continues to deliver disappointing results. Despite missing expectations, the company does not appear worried. It believes that it has hit the “bottom” and things will only grow from here. Red Hat’s Financials Red Hat’s Q2 revenues grow 14% over the year to $822.7 million, falling short of the market’s forecast […]

US Dollar Set To Rise Further As US Joins Global Slowdown

Oct 03, 2018 Jeremy Parkinson Finance, No picture 0

In our previous commentary previous commentary on the US dollar, we wrote that the buck was set to rise further thanks to our forecast for slowing US growth and inflation. Given the US dollar’s safe haven qualities, the currency performs the best when economic conditions deteriorate. Following the publication of our last commentary, the performance of the […]