August 2024 - Page 139 of 238 -

GM Cutting Jobs Amidst “Larger Structural Overhaul” In China

Aug 13, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayGeneral Motors (GM) has been cutting staff in China and eventually will meet with its local partner SAIC to explore a “larger structural overhaul” of the business oversees.The shift indicates that GM likely won’t eclipse its peak sales in the country it set in 2017, according to Bloomberg.GM is reducing staff in its China-focused […]

Stocks And Precious Metals Charts – Risk On fiesta

Aug 13, 2024 Jeremy Parkinson Finance 0

The PPI inflation data came in a little light this morning. The markets put a very bullish cast on the numbers, and stocks slipped into rally mode.Gold and silver were off a bit.The Dollar fell.VIX fell.In short, it was a risk on fiesta.CPI data tomorrow. Expectations are for a softer-than-expected number.Have a pleasant evening. More By This Author:Stocks […]

Divergent Stocks Go Their Own Way Ahead Of Critical Data

Aug 13, 2024 Jeremy Parkinson Finance 0

Stocks finished the day higher after a weaker-than-expected PPI report. Although rates fell, it didn’t result in a significant yield curve steepening, and the dollar was only slightly weaker. Overall, the day was relatively quiet, serving as a reminder of the market divergence that occurred on July 31. The USDJPY moving back and forth within […]

U.S. Retail Earnings Update

Aug 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash To date, 145 of the 199 companies in our Retail/Restaurant Index have reported their EPS results for Q2 2024, representing 73% of the index. Of those companies that have reported their quarterly results, 71% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 25% reported earnings that fell below estimates. […]

HD Reports Weakening Sales But The Market Focuses On A September Rate Cut

Aug 13, 2024 Jeremy Parkinson Finance 0

A lower-than-expected PPI reading Tuesday morning slightly increased the probability of a 50-point rate cut by the Fed on September 18 resulting a big stock market rally (S&P +1.68%, Nasdaq +2.43%). On the other hand, Home Depot (HD) significantly decreased its full-year comp guidance from -1% to -3% to -4% amid weakening sales.A couple of thoughts. […]

When Markets Exhibit A Lack Of Clarity, That’s Clarity

Aug 13, 2024 Jeremy Parkinson Finance 0

Here are my most recent overall thoughts:We are exercising caution as the growth stocks and SPY are in warning phases, well below their July calendar ranges, and with momentum showing some mean reversion but not enough momentum to get me to put clients in new positionsCould that change?Yes, but I’d rather wait for that to change and meanwhile consider […]

The Right Sectors Are Leading Now, But…

Aug 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels It might feel like the Japanese yen carry trade blew up 100 years ago, but trust me – it’s only been a week or so since the dam broke.If it feels longer than that, it’s because stocks have managed to squeeze much higher from last week’s yen-induced lows; short-sighted traders have already forgotten.This […]

Another Month, Another Massive Biden Budget Deficit The Interest Problem

Aug 13, 2024 Jeremy Parkinson Finance 0

A couple of weeks ago, the national debt blew past $35 trillion. There were a few articles bemoaning the ballooning debt, but no substantive calls to rein it in. Meanwhile, the Biden administration continues to spend America into oblivion.The July deficit came in at $243.7 billion, according to the latest Treasury Statement. That ran the […]

Expect Good To Very Good CPI Reports For July, August, And September

Aug 13, 2024 Jeremy Parkinson Finance 0

BLS data plus Mish forecastGaming the CPI Month-Over-MonthThe Bloomberg Econoday consensus is for the CPI to rise by 0.2 percent in July.I will take the under at 0.1 percent with a decent chance for lower depending on rent and owners’ equivalent rent (OER).OER is the price someone would pay to rent their own house if […]

Biotech Life Science Trades: Small Caps Are Lagging But Poised For A Q4 Rally

Aug 13, 2024 Jeremy Parkinson Finance 0

depositphotos SMID Life Science Stocks Rally on Weaker Inflation Data SMID stocks are very tradeable and balance sheets look surprisingly good.Volatilty remains high. Weaker than expected PPI up only 0.1% ignite rally with decline in services. Rate cuts imminent for September. Green screen day for SMID sector shows underlying potential of biotechs. On an active […]