Author Archive: Jeremy Parkinson
As Emerging Market Currencies Collapse, Gold Is Being Mobilized
In recent weeks, global financial markets have been increasingly spooked by an intensifying crisis in emerging market currencies including those of Turkey and Argentina. Add to this the ongoing currency crisis in Venezuela and the currency problems of Iran. While all of these countries have economy specific reasons that explain at least some of their […]
Factors Likely To Decide Casey’s Fate In Q1 Earnings
Casey’s General Stores, Inc. (CASY – Free Report) is expected to report first-quarter fiscal 2019 results on Sep 4. In the trailing four quarters, this operator of convenience stores has underperformed the Zacks Consensus Estimate by an average of 12.7%. In the last reported quarter, the company delivered a negative earnings surprise of 25%. Let’s delve deeper and […]
E SPX, Gold, Oil And G6 Prices For The Week Of September 4th
The SPX continues to defy bearish prognosticators and not only broke above the January high, but did so in record time. Since 1971 it has taken the index anywhere from 9 to 91 months to accomplish this task. This has serious bullish implications going forward, but the operative word for the immediate future is “follow-through.” […]
Web 2.0 Business Vs. Politics
This week we follow up on the performance of the social media stocks relative to the Nasdaq. In short the names, I review in today’s video continue to lag and I believe that the wounds are self-inflicted. […]
Another Month, Another Missed Tesla Goal
Tesla did not come close to its stated goal of 6,000 Model 3s per week in August. Actual production 4,300. Despite missing the goal in August by 28%, Electrek, Tesla’s preferred analytical website says Tesla misses Model 3 production goal of 6,000 units per week, but on track for overall Q3 goal. Electrek has learned that […]
Chart: Global Manufacturing PMI Update
Something has been happening in the global economy this year – and I say *this year* for good reason. Both the developed and emerging market composite manufacturing PMIs peaked in December last year, and have both seen an almost consistent and synchronized slowdown. We can definitely blame tighter financial conditions, and increased market volatility, but political […]
Bond Breakdown
As for the markets, there obviously isn’t a heck of a lot to say on a holiday, but there was some Globex trading to watch. I am fixated on bonds, as is always the case, and there’s an important prospective breakdown looming at the red line shown below. The big “event” this week is the […]
The Impact Of Housing Costs On Regional Income Inequality
from the St Louis Fed Regional income inequality appears to be more severe in China than in the U.S. But the degree of disparity shrinks in China and expands in the U.S.when housing costs are taken into account, according to a recent article in the Regional Economist. Assistant Vice President and Economist Yi Wen and Research Associate Brian Reinbold […]
Two Sides Of The Coin: Litecoin Mining Vs Bitcoin Mining
The heyday for mining established cryptocurrency has all but come and gone. These days you seriously need to know what you’re doing if you want to compete with the big boys. Industrial-scale operations have driven many enthusiasts to look for opportunity in smaller coins in hopes of catching the next big trend. We’ve covered cryptocurrency […]
EyePoint Pharmaceuticals Q4 Earnings Preview: What To Know Ahead Of The Release
Wall Street expects a year-over-year increase in earnings on lower revenues when EyePoint Pharmaceuticals (EYPT – Free Report) reports results for the quarter ended June 2018. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these […]
