Author Archive: Jeremy Parkinson
Dow Up 752 Points, Extending Rebound From Dramatic Losses
The Dow Jones Industrial Average (DJI) is in rally mode, reversing its premarket losses to jump 752 points after yesterday snapping its 10-day losing streak. The Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) are firmly higher as well, as investors unpack this morning’s lukewarm PCE price index data.Meanwhile, bond yields are sharply lower today, following […]
Caterpillar, Inc. (CAT) Dividend Stock Analysis
Image Source: Unsplash Linked here is a detailed quantitative analysis of Caterpillar, Inc. (CAT). Below are some highlights from the above linked analysis:Company Description: Caterpillar Inc. is the world’s largest producer of earthmoving equipment, and a major manufacturer of mining equipment, electric power generators, and engines used in petroleum markets.Fair Value: In calculating fair value, I consider the NPV MMA […]
Merck & Co Inc (MRK) DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Merck & Co Inc (MRK). ProfileMerck makes pharmaceutical products to treat several conditions in a […]
LayerZero’s Stargate down for 6 hours due to DVN executors malfunction
Key Takeaways Stargate has been offline for over six hours due to a serious service disruption. LayerZero is actively working to resolve the problem. Share this article Stargate, a cross-chain bridge built on LayerZero, has been down for over six hours due to malfunctioning Decentralized Verifier Networks (DVN) executors, which causes delays in transaction processing […]
Sensex Tanks 1,176 Points; Nifty Ends Below 23,650
After starting the day on a negative note, the benchmarks dragged further as the session progressed and ended the day on weak note.Benchmark equity indices, the BSE Sensex and NSE Nifty50, witnessed a sharp correction, ending the week’s last trading session down by over 1% each, weighed by selling across the counters.At the closing bell, […]
Jerome Powell: “I Think It’s Pretty Clear We’ve Avoided A Recession”
In response to a media member, who at Wednesday’s post-FOMC press conference, asked Jerome Powell if he thinks we’ve avoided the recession that everyone [read: the media and its obsession with the supposed negative indications of the former Yield Curve inversion] was talking about a couple of years ago, the Fed chief replied without missing […]
GBP/JPY Price Forecast: Slumps As UK Retail Sales Misses Estimates
Image Source: Pixabay GBP/JPY declined to near 196.00 as a higher number of BoE officials voted for an interest rate reduction on Thursday than what market participants had anticipated. UK Retail Sales rose at a slower-than-expected pace in November. Hotter Japan National CPI data for November has boosted BoJ hawkish bets. The GBP/JPY pair is […]
Russell 2000 At Important Risk-On Vs. Risk-Off Crossroads
The stock market has been charging higher into year end. Then came the Fed interest rate decision and comments.But even a couple weeks before this, an area of the stock market was already pulling back: the small-cap Russell 2000 Index.The small cap index tested its 2021 highs a couple of weeks ago, where a bearish weekly […]
Fed’s Favorite Inflation Indicator Holds At 7-Month High
The Fed’s favorite (until it starts rising) inflation indicator – Core PCE – printed cooler than expected for November (+0.1% MoM vs +0.2% MoM exp) which held it steady at +2.8% YoY (below the expected 2.9%) – tied for the highest since April…Source: BloombergHowever, Headline PCE rose to +2.4% from +2.3% – its highest since […]
Too Labored Bottoming
S&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I had been bearish ever since the intraday update issued for them during Powell conference latter minutes. Also the macro reasons given for the slide presented earlier yesterday, offered my view on which price action scenario is to […]
