Author Archive: Jeremy Parkinson
JPMorgan’s Tusa Confident In $11 GE Target Amid Buffett Speculation
JPMorgan analyst Stephen Tusa points out that Warren Buffett’s past involvement in General Electric (GE) has ended up being wrong from a “stock and valuation perspective.” Following this week’s speculation of a potential Buffett stake, Tusa expresses greater conviction in his Underweight rating on GE with an $11 price target. The analyst wonders why, […]
Market Leader Creates Largest Bearish Pattern Since 2000
Since the lows in 2009 the S&P has gained around 250%. During the same time frame, Semiconductors (SMH) has gained nearly 520%. The chart above looks at SMH since inception and highlights bearish reversal patterns (Bearish Wicks). These types of patterns often take place at important highs. As you can see each time SMH created a monthly reversal […]
Thursday Thud – First Quarter Ends With Dow Down 1,000 Points
Down 1,000 points isn’t so bad. Well, it’s bad if we consider that we were up 2,000 in January (26,600) so down 3,000 since then is 11.3% but let’s say we claw back to 24,000 this morning – that would be down almost exactly 10% and you don’t want the -10% line to act as resistance on […]
Stocks End A Wild Quarter, As Bulls Scratch Their Heads
The main U.S. stock market indexes were mixed between -0.9% and -0.0% on Wednesday, as investors hesitated following Tuesday’s sell-off. The sentiment remained pretty bearish despite some better-than-expected economic data releases. The S&P 500 index fluctuated along the level of 2,600. It is currently 9.4% below January 26 record high of 2,872.87. The Dow Jones Industrial […]
PCE Price Index: February Headline & Core
The BEA’s Personal Income and Outlays report for February was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index was up 0.19% month-over-month (MoM) and is up 1.75% year-over-year (YoY). The latest Core PCE index (less Food and Energy) came in at 0.23% MoM and 1.60% YoY. Core PCE remains below […]
Are Energy Stocks A Buy Yet?
Energy stocks are likely a Buy, just not Yet. The sector has potential, and for the best returns, investors will need to score the best entry. Our article today will be an update for our readers on energy stocks and price levels with potential to represent a possible entry. Are Energy Stocks a Buy according […]
Ross Ignores Beijing’s “Pandora’s Box” Warning, Says China Tariffs Imminent
Just when investors thought trade war tantrums were ebbing… Despite warnings overnight from Beijing that US should “not open Pandora’s box” with regard trade tariffs, US Commerce Secretary Wilbur Ross confirmed on Bloomberg TV this morning that President Trump will announce sweeping China tariffs, aimed at countering IP theft, shortly. The US “is not strong-arming” China, Ross […]
Trump Throws Cold Water On Amazon Rebound, Says Postal Service Is Bezos ‘Delivery Boy’
Well, if you were hoping that Donald Trump wasn’t going to tweet anything about Amazon on Thursday and in the process throw a monkey wrench in tech’s effort to rebound from this week’s malaise, you’re going to be disappointed because on the heels of yesterday’s Axios report that sent the shares plunging the most since […]
Do Stocks Really Like Higher Rates?
LPL Research recently penned an interesting post entitled “Why Stocks Like Higher Rates.” “What does it mean for equities if rates and yields do indeed go higher? Fortunately, to the surprise of many, stocks historically do very well when rates increase. Since 1996, stocks gained all 11 times we saw higher rates,” Here is the conclusion: “Not […]
Uncertainty Hits UK Car Sales
Purchasing a brand-new car for an individual or as a company car is clearly discretionary spending that need not be undertaken. Across Europe, the sale of new vehicles continues to grow with new vehicle sales in Germany and Spain predicted to increase by 4 and 4.7%, respectively this year. In Italy and France, the growth […]
