Author Archive: Jeremy Parkinson
Losses Dominate Year-To-Date Performances For US Equity Sectors
The revival of volatility in the US stock market this year has taken a toll on most equity sectors. Only two out of 11 sectors – consumer discretionary and technology – are posting year-to-date gains at the moment, based on a set of ETFs. The top performer so far in 2018: Consumer Discretionary SPDR (XLY), […]
Three Developments Shaping Month-End
Today may be the last day of full liquidity until next Tuesday, after the Easter holidays. We identify three developments that are characterizing the end of the month, quarter, and for some countries and companies, the fiscal year. Equity market sell-off, bond market rally, and the continued rise in LIBOR. The sell-off in stocks at the […]
Dover: This Dividend King Is Firing On All Cylinders
Dividend kings are stocks that have grown their dividends for at least 50 consecutive years. You can see the full list of all 25 Dividend Kings here. Therefore, as the earnings of cyclical companies tend to collapse during economic downturns, it is really rare to see a cyclical stock qualify in this group. Nevertheless, Dover Corp. (DOV) […]
S&P Futures Rebound From Tech Wreck, But 10Y Yield Breaks Key Support
Following yesterday’s violent and unexpected equity selloff, driven by a so-called “tech wreck” as the FANG+ index dropped by 5.7%, the most on record, and stood on the edge of a key support line precipice… … this morning, global stocks are predictably lower across the globe, as the tech sector fallout spreads across Asia and Europe… … […]
UPM-Kymmene Flaunts Wood Fibers
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 paper and forest products company. It’s a large-cap stock, UPM-Kymmene Oyj. It’s trading ticker symbol is UPMKY. UPM-Kymmene Oyj manufactures […]
Sensex Continues Downtrend; GSK Consumer Down 9%
After opening the day in red, share markets in India have continued to slide and are trading below the dotted line. Sectoral indices are trading on a mixed note with stocks in the metal sector and stocks in the metal sector leading the losses. The BSE Sensex is trading down by 175 points (down 0.5%), and the NSE Nifty is trading down by 53 points […]
Rio Tinto Sells 80% Interest In Kestrel Coal Mine For $2.25B
Rio Tinto said last night that it entered into a binding agreement with a consortium comprising private equity manager EMR Capital and PT Adaro Energy Tbk, an Indonesian listed coal company, for the sale of its entire 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25B. Rio Tinto CEO J-S Jacques […]
China/Asia Economic Crash Is Starting – Part II
In our previous article regarding the potential China/Asia Economic Implosion, we illustrated how the property market cycles in China (Beijing) are in the early stages of a potentially topping and a massive drop in value. Today, we are going to try to expand on this analysis a bit further by illustrating how the US and other global […]
USD/CAD Daily Analysis – Wednesday, March 28
USD/CAD failed to break below 1.2803 support and rebounded from 1.2814. A breakout of 1.2948 resistance would confirm that the downside movement from 1.3124 had completed at 1.2814 already, then next target would be at 1.3000, followed by 1.3124. On the downside, as long as 1.2948 resistance holds, the sideways movement in a trading range […]
