Author Archive: Jeremy Parkinson
Earnings Revisions Fall While Stocks Rally – Worst Case Scenario
Earnings Revisions – Estimates Weaken Just because earnings season is over doesn’t mean earnings estimates don’t matter. Since investors are always projecting future cash flows, estimates always matter. They aren’t set in stone. The rate of change of estimates gives us an idea of where the economy is going and where stocks should be headed. […]
Inflation Is Close To The 3% Deleterious Level For Stocks
The longer inflation remains subdued, the longer this expansion lasts. The question here is simple – Are equities over- or undervalued with current inflation values? Here’s a look. (For bottom-liners – with the today’s inflation readings close to 3%, stocks will be teetering for the next couple of years. That is, unless inflation subsides.) Country Y/Y CPI Y/Y […]
Gold Price Rebound Mired By String Of Lower Highs And Lows
Gold slips to a fresh monthly-low ($1188) as the U.S. dollar remains bid following the U.S. Non-Farm Payrolls (NFP) report, and the precious metal remains vulnerable to further losses ahead of the Federal Reserve’s meeting as it extends the string of lower highs & lows carried over from the previous week. GOLD PRICE REBOUND MIRED BY STRING OF […]
SEC Strikes Again
Bitcoin has moved up a bit since the very recent decline. The SEC has just suspended two Bitcoin vehicles. The volume is pretty thin. Is a new rally budding? Or do these events point to a precipitous decline? The memory of the SEC turning down prospective Bitcoin ETFs is still fresh and now the agency […]
AMC Appreciates 30% – Further Upside?
Introduction: I recently profiled AMC Entertainment Holding (AMC) as a compelling buy in the backdrop of a record-setting year at the box office, a robust slate of movies for 2018 and 2019, a strong consumer, dividend yield of over 4% and accelerating revenue and EPS growth. AMC was trading near $14.50 or nearly 30% below […]
“The Race To The Top”: How The Fed Unleashed A Global Liquidity Crisis
Following a lament by Urjit Patel, the head of the Reserve Bank of India, who three months ago predicted (correctly) that the Fed’s tightening coupled with the shrinking of its balance sheet and the ramp-up in Treasury issuance would result in a dollar liquidity shortage and that “a crisis in the rest of the dollar bond markets […]
Most Active Equity Options And Strikes For Midday – Tuesday, Sept. 11
Top tickers for midday: AMD, SNAP, AAPL, FTV.
Former Bull Downgrades Tesla As Musk Behavior Makes Stock ‘No Longer Investable’
Shares of Tesla (TSLA) dropped in morning trading after an analyst at Nomura Instinet downgraded the stock, which he believes is “no longer investable” due to the recent behavior of Chief Executive Officer Elon Musk. TESLA ‘NO LONGER INVESTABLE’: Nomura Instinet analyst Romit Shah this morning downgraded Tesla to Neutral from Buy and cut his […]
Wait-And-See Bank Of England (BoE) To Offer GBP/USD Little Relief
GBP/USD pulls back from a fresh weekly-high (1.3087) even as Bank of England Governor Mark Carney extends his tenure until the end of January 2020, and the pound-dollar exchange rate may continue to consolidate ahead of the central bank meeting on September 13 as the Monetary Policy Committee (MPC) is widely expected to keep the benchmark interest rate on […]
Job Openings And Quits Rising At Faster Pace Than Job Hires
The Labor Department’s release of the Job Openings and Labor Turnover (JOLTs) report this morning is further confirmation of a strong labor market. The NFIB Small Business Optimism report I highlighted earlier today also noted the difficulty small business are having in filling open job positions. The JOLTs report continues to show the number of job openings […]
