Author Archive: Jeremy Parkinson
WTI Drops After Surprise Crude, Gasoline Build
WTI extended gains today after OPEC signaled it may not replace Iranian oil that’s disappearing from global markets as U.S. sanctions loom, but slumped off its highs of the day after Trump slammed OPEC for “ripping off the world”. As Bloomberg noted, OPEC shrugged off the threat to Iranian supplies over the weekend, spurring some of […]
Two Big Reasons Why I Believe China Looks Attractive Right Now
Emerging markets continue to decouple from the U.S. market, making them look attractive as a value play—particularly distressed Chinese equities. Below I’ll share with you two big reasons why I think China is well-positioned to outperform over the long term. So far this year, the MSCI Emerging Markets Index has given up about 10 percent, […]
3 Retail Stocks To Buy As Consumer Confidence Nears 18-Year High
Consumer confidence surged once again to help set up what could be another strong quarterly performance from the retail sector. With September’s Consumer Confidence Index closing in on an 18-year high, let’s look at three retail stocks that might be worth buying at the moment. Consumer Confidence The retail industry shined last quarter on the […]
Is The Recent Downtrend In The Dollar Foretelling A Bigger Picture Theme?
Doc is with me today to look at the USD. With a short-term breakdown in the dollar, we also look at the longer-term charts. Doc remains in the bearish camp but is not expecting a waterfall decline. We also discuss the potential of other countries to move away from the dollar for a number of […]
Nike Tumbles After Missing On Gross Margins; China, Latin America Sales
Moments ago Nike reported Q1 earnings which beat on the top and bottom line, with EPS of 67c beating the estimate of 63c (with a 14% tax rate), on revenue of $9.95BN, also just above the $9.94BN, if not quite above the high end of the forecast range which stretched to $10.20BN. This is for […]
September 2018 Conference Board Consumer Confidence Increases
The latest Conference Board Consumer Confidence Index’s headline number is 138.4 (1985=100), up from 134.7 in August. Analyst Opinion of Conference Board Consumer Confidence Consumer confidence has been on a multi-year upswing – and this upswing is roughly correlating with increases in consumer spending. The consensus range from Econoday was 130.0 to 134.3 (consensus 131.7). This month’s […]
Stocks And Precious Metals Charts – FOMC Tomorrow – Quiet Option Expiration On The Comex Today
“Most American investors unaware rehypothecation is widely practiced inside US, but more limited. Rehypothecation will be the problem! US law permits moving US client accounts from parent company to subsidiaries in other nations,which enables their use as collateral for loans usable to invest in other securities. Now, clients can specify their assets may not be transferable […]
Intel Slides As Analyst Says Sell With Semis Seen In Cyclical Downturn
Shares of Intel (INTC ) are slipping after Raymond James analyst Chris Caso downgraded the stock to Underperform, a sell-equivalent rating, based on cyclical concerns regarding the semiconductor sector following checks in Asia. The analyst sees a number of headwinds mounting against the company, set to impact longer-term growth expectations and profitability. Caso also downgraded […]
FHFA & Case-Shiller Home Price Indices: What’s The Difference?
Two home price indices were released today: S&P CoreLogic Case-Shiller and FHFA House Price Index (sometimes referred to as HPI). These indicators both measure moves in home prices, but subtle differences in the methodologies with which each are calculated can result in variations between the two. Both indices track the value of homes across the US using a repeat […]
