Author Archive: Jeremy Parkinson
Mineral Resources Does The Hard Stuff
The basic sector has thirteen industries all related to mining, making and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; paper; gold; silver; specialty chemicals; steel. Today I’m reviewing a mining resources company. It’s a mid-cap stock, Mineral Resources Limited. It’s trading ticker symbol is MALRF. Mineral Resources Ltd is […]
10-Year/2-Year Treasury Yield Spread Falls Below 50 Basis Points
Two Federal Reserve officials have recently dismissed it. But a research note published this month by the San Francisco Fed paper advises that the yield curve is still a relevant economic signal for monitoring the business cycle. The disparate views within the central bank arise as the yield difference between the 10-year and 2-year rates […]
Tainted Crude
Once I ran to you (I ran) Now I’ll run from you, this tainted crude you’ve given. I give you all the reserve could give you. Take my oil and that’s not nearly all, oh tainted crude, tainted crude. Take my tears and that’s not nearly all, Oh tainted crude. Is oil From the US […]
Deep Value And Conservative Baselines Create Room For Upside EPS Surprises In Japan
Fears of trade wars and political uncertainty cannot distract from the fundamental improvement in the profitability of corporate Japan. In fact, the surge in Japanese earnings has far outpaced that of U.S. companies: Over the past five years, S&P 500 companies delivered a 24% rise in EPS, while TOPIX companies’ EPS surged 135%, from ¥51 in March 2013 to ¥120 […]
Morning Call: Global Stocks Mostly Higher As Technology Stocks Recover
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.34%) this morning are up +0.37% and European stocks are up +0.66% as technology stocks recover after two days of losses. Also, European automakers are higher on M&A activity after Renault SA and Nissan Motor were said to be in merger talks. Strength in Germany’s labor market is […]
HH Are We Sleepwalking Into The Next Oil Crisis?
One school of thought is that future oil demand is set to decline because consumers will have better options. Many in this “peak demand” camp believe that the growth of electric vehicles will soon make oil obsolete. That’s a relatively painless view of the future and is consistent with much of our past experience. Old technologies are […]
Happy Brexitversary
Traditional Markets Volatility continues in some places more than others. The tech sector, in particular, is seeing a mass effort from analysts to re-evaluate what the value of intangible assets should be. Traders had been piling into Fangs for years already without really giving much thought about what they’re buying or what they’re paying for […]
One Year To Brexit, The Struggle Continues
In marking a year to go until the United Kingdom leaves the European Union, British Prime Minister Theresa May vowed on Thursday to keep the United Kingdom “strong and united” after Brexit. The exit is scheduled for March 29, 2019, and British trade minister Liam Fox told the BBC on Thursday that he will not […]
Bonds And Stocks Are Firm, While The Greenback Consolidates Upticks
The choppy US equity session yesterday, ultimately ending with modest losses as the tech sector remained under pressure, has been shrugged off in Asia and Europe, where modest gains have been seen. The dollar is little changed after yesterday’s gains, and bonds are mostly firmer. With the calendar effect and the approaching Easter holiday, trading enthusiasm […]
Whiplashed Global Stocks, US Futures Limp Higher Ahead Of Long Weekend
After three days of violent moves and sharp intraday reversals, in a week that feels far longer than just 4 days in, even equities appear exhausted today, and have entered the slow drift into the Easter break with volatility and volume far more subdued than earlier in the week courtesy of a slowdown in the […]
