Author Archive: Jeremy Parkinson
Is Imperva Just Another Cyber Security Player?
According to a report by Cyber Security Ventures, the global spending on cyber security products and services will grow to more than $1 trillion by the year 2021 from $120 billion in 2017. The growth in the industry will be driven due to the rising pressures of cyber crime. Imperva (Nasdaq: IMPV) has been a player in the […]
E Turkey Is Facing A Serious Financial Crisis
Up to recently, Turkey was a rising economic power with close financial ties with the European Union. This rosy prognosis is no longer valid. The crux of the current crisis is that Turkey’s economy has major structural and financial problems– private-sector debt is extremely high and inflation was running at 17.9% in August. Turkey’s unemployment […]
Chinese Stocks Get An Unexpected Gift From MSCI
Even before yesterday’s unexpected “gift” for Chinese stocks, the Shanghai Composite, which was hibernating deep in bear market territory until mid-September, staged a remarkable comeback in the past ten days amid speculation for more Chinese stimulus to offset the Trump tariffs. And then, in what SocGen dubbed an “incredible piece of timing”, MSCI last […]
Investors Say No Thanks To Overpriced Acquisitions
Merger Monday is back, but the market’s not buying it. Comcast (CMCSA), Michael Kors (KORS), and Sirius XM (SIRI) all announced multi-billion-dollar acquisitions on Monday. The market responded by sending shares of all three companies deep into the red. The big drop in all three stocks – which fell by an average of 8% – […]
15 Bullish Assumptions
If all goes well for nine more months, the post-financial crisis economic expansion will become the longest economic expansion in recent U.S. history. The U.S. stock markets are also on a tear, having just become the longest bull market since World War II. Regardless of your views about these trends continuing, the fact of the […]
Preview For September FOMC Meeting And Outlook For US Dollar
The US Dollar (via the DXY Index) has been moving sideways this week in the absence of any meaningful economic data. In the run up to the results of the Federal Reserve’s September 25-26 FOMC meeting, traders have seemingly forgotten about Brexit, emerging market contagion, and the US-China trade war – at least temporarily. As […]
EUR/USD Failed To Break 1.1780, Drop Towards 1.1632 Likely Now
Given that today’s Fed rate hike is firmly priced in, we expect FX markets to focus on the statement and the press conference by Fed Chair Jerome Powell. Even if the policy stance is no longer be called “accommodative”, we would not expect this change to trigger any strong USD buying. The market remains unconvinced […]
OPEC Is Ripping Us Off
President Donald Trump called out OPEC on the world stage and helped ease the explosive rally in oil. The President, in a speech before the United Nations, said “OPEC and OPEC nations, are, as usual, ripping off the rest of the world, and I don’t like it. Nobody should like it. We defend many of […]
Insider Selling Soars: Fastest Pace Of September Sales In Past Decade
One month ago, we reported that insider selling reached $450 million daily in August, the highest level this year; on a monthly basis, insiders sold more than $10 billion of their stock, the most of any month this year and near the most on record. “As corporate buying is at least taking a breather, corporate insiders […]
