Author Archive: Jeremy Parkinson
The Fed Makes No News
There were no surprises from the Federal Reserve today. The central bank did raise its overnight interest rate, as promised. The target range for the federal funds rate is now 2% to 2.25%, up a quarter-point. It’s Federal Reserve’s third such move of 2018, with another forecast before year’s end. The present plan still includes another three rate hikes in […]
Sirius XM’s US$3.5bn Tie-Up With Pandora Spurs Stock Plunge
New York-based satellite radio broadcaster Sirius XM Holdings’ (Nasdaq: SIRI) US$3.5bn purchase of streaming music firm Pandora Media (NYSE: P) has dented the perception of the company’s merger-related earnings prospects. SIRI said the deal, conducted as an all-stock transaction, is expected to fetch more than US$7bn in pro-forma revenue in 2018, as well as certain long-term […]
Fed Delivers, Market Yawns
The Federal Reserve did what it was widely to do. The fed funds target range was lifted 25 bp to 2.00-2.25%. Three-quarters of Fed officials anticipate a hike in December. The market had discounted around an 80% chance. The Fed sticks with the three rate hikes in 2019 and one in 2020. The year-end rate […]
Markets Reject Fed Rate Hike
Stocks sell-off after the Fed rate hike and change in language in their statement. The Fed dropped the phrase that its policy remains “accommodative.” Video Length: 00:10:30
Foolish Nature Of Picking Winners: Trump’s Tariffs Cost Ford $1 Billion
The CEO of Ford says Trump’s tariffs on metals cost the company $1 billion. Who won? According to Ford’s CEO, Trump’s Tariffs on Metals Costs Ford $1 Billion. “From Ford’s perspective the metals tariffs took about $1 billion in profit from us”, CEO James Hackett said at a Bloomberg conference in New York, “The irony of […]
Medical Equipment ETF (XHE) Added To Tactical Sleeves
ETFs with solid momentum are currently focused on tech, health care and small-cap. Only 18 of 2051 ETFs passed our momentum screening filter rules. We further subjectively evaluated quantitative and qualitative data for the 18 and selected medical equipment ETF XHE as an addition to our tactical sleeve. The filter we use to select ETFs […]
Vehicle Miles Traveled: Another Look At Our Evolving Behavior – Tuesday, Sept. 26
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through August. “Travel on all roads and streets changed by +0.3% (+0.8 billion vehicle miles) for July 2018 as compared with July 2017. Travel for the month is estimated to be 288.1 billion vehicle miles”. The 12-month moving average was […]
T2108 Indicator Shows Grave Deteriorating Market Breadth
My biggest concern with this market over the past three months has been the lack of breadth in this market. And today it is hitting new lows. While the S&P 500 and Dow Jones Industrial Average continues to hit new highs over the past week, and the Nasdaq and Russell Index not too far behind, […]
Nothing To Like About This 10.5% Yield
Sometimes you look at a double-digit yield and get excited. Other times, you’re full of dread. Today’s column is about the latter. MFA Financial (NYSE: MFA) pays a $0.20 per share quarterly dividend, giving the stock a robust 10.5% yield. That’s not likely to be the case for long. MFA is a mortgage real estate investment trust. […]
Important Resistance Test In Play For Non-U.S. Stock Indexes
While most global stocks topped at the beginning of 2018, some markets recovered… and some did not. For instance, the major U.S. stock market indexes have fought back to make new highs, while Emerging Markets and Developed markets outside the U.S. continued to struggle. Strength in the U.S. Dollar combined with a strong bias toward U.S. […]
