October 2018 - Page 6 of 262 -

Back To Back Gains: Finally!

Oct 31, 2018 Jeremy Parkinson Finance 0

The market gods are taking it right down to the wire, but the S&P 500 looks like it’s finally going to have back to back positive days! Heading into Tuesday, the S&P 500 had only seen five up days during the entire month, and none of those daily gains came back to back with each […]

Continuously Misidentifying Constant ‘Overseas Turmoil’ Leads To Constant Everywhere Turmoil

Oct 31, 2018 Jeremy Parkinson Finance 0

Overseas turmoil continues in October. The Chinese government released its Purchasing Managers Indices (PMI) for both manufacturing and services. Each one came in at a multi-month low. The National Bureau of Statistics calculated that the manufacturing version was just 50.2 this month, the lowest level since July 2016. The Non-manufacturing PMI fell sharply to 53.9 […]

WTI Pops Back Above $66 On Big Product Drawdowns

Oct 31, 2018 Jeremy Parkinson Finance 0

Following API’s bigger than expected crude build, WTI’s ‘odd’ jump has been erased, trading back below $66 as DOE data prints. Crude inventories rose for the sixth week in a row (as did Cushing stocks) but WTI popped back above $66 on the heels of big drawdowns in Gasoline and Distillates. Bloomberg Intelligence Senior Energy Analyst Vince […]

Kellogg Q3 Earnings Miss Estimates

Oct 31, 2018 Jeremy Parkinson Finance, No picture 0

Kellogg (K – Free Report) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.93%. A quarter ago, it was expected that […]

U.S. Growth: Trick Or Treat?

Oct 31, 2018 Jeremy Parkinson Finance 0

Following the advanced release of the second-quarter 2018 real GDP report, there were many questions as to whether that robust performance was sustainable or just another one-quarter phenomenon. Well, the results are in and growth not only did not disappoint, but Q3 real GDP actually came in a bit stronger than expected at +3.5%. Interestingly, […]

3-Facts Investors Are Learning The Hard Way About The Markets

Oct 31, 2018 Jeremy Parkinson Finance, No picture 0

Passive, In Reality Is Active, Sometimes RADIOactive. The ‘passive’ revolution we’re witnessing is to provide a portfolio solution which is based on the demand for the products, regardless of how expensive the products may be. To be clear, I’m an advocate for index investments and lower internal portfolio costs. I was one of the first financial professionals […]

ETFs To Watch Post Facebook’s Mixed Q3 Results

Oct 31, 2018 Jeremy Parkinson Finance 0

After the closing bell on Tuesday, Facebook (FB – Free Report) reported mixed third-quarter 2018 results. The social media giant beat the Zacks Consensus Estimate for earnings but missed on revenues. User growth also slowed down during the quarter. Q3 Results in Focus Adjusted earnings per share came in at $1.76, crushing the Zacks Consensus Estimate of […]

Employment Costs Surge 0.8% In Third Quarter But Year-Over-Year Unchanged

Oct 31, 2018 Jeremy Parkinson Finance, No picture 0

Employee compensation, wages plus benefits, rose at the fastest pace since the recession. The BLS Employment Compensation Index shows a surge in wages and benefits for the third quarter of 2018. Compensation costs for civilian workers increased 0.8 percent, seasonally adjusted, for the 3-month period ending in September 2018. Wages and salaries (which make up about 70 […]

Q3 Equity Manager Report: The Froth Has Left The Market

Oct 31, 2018 Jeremy Parkinson Finance, No picture 0

Does the stock market still have more to give? Geopolitical concerns are undeniable. Many equity market valuations appear to be expensive. Despite those truths, our manager research team has found that equity managers are generally bullish.1 We’ve also seen some managers use the market pullback over the first half of October as a buying opportunity, as they […]

Tariffs Take Their Toll On China PMI

Oct 31, 2018 Jeremy Parkinson Finance 0

China released PMI data overnight, and the results seem to point towards further impacts from the trade US-China trade spat. The releases had been forecasted to show declines, and the actual levels not only did that, but they also dropped more than expected. The manufacturing PMI is now sitting at 50.2—the lowest level since July. Services saw a […]