Author Archive: Jeremy Parkinson
5 Tech Stocks For A Payment Revolution
A recent report by Goldman Sachs has revealed a startling statistic: business-to-business payments total a whopping $127 trillion every year. Yet the process is still extremely inefficient, with paperwork and admin costs weighing on resources. That’s why Goldman Sachs believes there’s $1 trillion in revenue up for grabs for companies that can 1) digitize and […]
5 Top Apparel Stocks To Buy Before The Holidays Start
Retailers are set to hire a record number of workers for the upcoming holiday season. Moreover, with strong consumer confidence, higher wages, and record low unemployment, an increasing number of Americans are willing to spend more. Additionally, U.S. apparel retailers saw growth in same-store sales in August and are expected to maintain the momentum in […]
Cramer’s Most Idiotic Idea Ever
Someone brought to my attention that none other than Jim Cramer – who, inexplicably, is considered some kind of stock market god – strongly suggested everyone buy Sears back in 2007, calling it “the next Berkshire Hathaway”. It looks like he made this urgent “buy” suggestion at pretty much the millisecond the stock peaked. It is down over 99% now. I wonder if […]
US Goods Trade Deficit Surges Near Record High (Don’t Tell Trump)
Do not show this to President Trump, he will not be happy… In the few months since President Trump unleashed his trade war, predicated on managing back America’s massive merchandise trade deficit, things have gone very wrong, judging by the numbers. Against expectations of a $70.6 billion deficit, August’s goods trade balance plunged to $75.8 […]
Four-Day Pullback
My Swing Trading Approach I closed my swing-trades in JEC at $76.80 for a +3.8% profit and CRM at $158.60 for a +3.1%profit. I am open to adding another long position today should the market cooperate and allow for it. Yesterday’s sell-off creates some concern as to whether a rally can be sustained here. Indicators Volatility Index (VIX) – Popped 3.8% yesterday, but […]
Analyst Says Sell Applied Optoelectronics As Checks Uncover Quality Issues
Shares of Applied Optoelectronics (AAOI) are sliding after Loop Capital analyst James Kisner downgraded the stock to Sell, saying his industry checks suggest the company is having product quality issues in 100G CWDM4 transceivers and that the pricing environment for 100G data center optics “remains very tough”. SELL APPLIED OPTOELECTRONICS: In a research note to […]
Pending Home Sales Fell Slightly In August
This morning the National Association of Realtors released the August data for their Pending Home Sales Index. Here is an excerpt from the latest press release: Lawrence Yun, NAR chief economist, says that low inventory continues to contribute to the housing market slowdown. “Pending home sales continued a slow drip downward, with the fourth month […]
Jobless Claims Rise More Than Expected
Before we go any further this morning, we hope you’re sitting down for this one because it’s a shocker. OK, are you ready for it? Here it goes. This week’s report on initial jobless claims was actually a bit disappointing. While economists were expecting claims to tick up to 210K, the actual reading came in […]
Third Estimate 2Q2018 GDP Unchanged At 4.2%. Corporate Profits Up
The third estimate of second quarter 2018 Real Gross Domestic Product (GDP) was unchanged at 4.2%. Analyst Opinion of GDP There was minor changes between the second and this third GDP estimate. I am not a fan of a quarter-over-quarter exaggerated method of measuring GDP – but my year-over-year preferred method showed good acceleration from […]
What Is Next For Sugar As It Hits Ten-Year Low
Sugar is one of the most important agricultural commodities in the world. While its increased consumption is often not good health-wise, billions of people around the world cannot do without it. Sugar futures are listed in the main exchanges like the Intercontinental Commodities Exchange (ICE) and Chicago Mercantile Exchange (CME). The prices listed by these […]
