Author Archive: Jeremy Parkinson
USD On Defensive As Risk Appetite Improves
Market sentiment soured towards the end of last week, as tensions about tariffs escalated. I see some EUR gains at the beginning of this week as risk appetite returns. This week, the key data releases will be on inflation. In the eurozone, we expect to see an acceleration in many countries, which will, however, be […]
Facebook Drops After FTC Confirms Probe Of Data Practices
Shares of Facebook (FB) dropped in late morning trading after the Federal Trade Commission announced it is investigating the company’s data practices in the wake of the Cambridge Analytica leak of 50 million users’ information. FTC CONFIRMS PROBE: The FTC this morning confirmed that it is probing Facebook’s data practices. In a statement, the agency […]
Boeing Remains A Buy
The Boeing Company (BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced […]
March 2018 Texas Manufacturing Survey Growth Slows
Of the four Federal Reserve districts which have released their March manufacturing surveys – all are in expansion. A complete summary follows. Analyst Opinion of Dallas Fed Manufacturing Survey This survey remains in positive territory with new orders significantly slowing and unfilled orders also slowing – but both in positive territory. This was a weaker […]
So Much March Madness
Written by Bill Kelly What can the NCAA basketball tournament tell you about your investment portfolio? As it turns out, quite a bit. For those of you who simply don’t care about the annual bracket ritual, it is quite easy to get you up to speed. The bottom line is that past performance is no guarantee […]
European Stocks Enter Correction As Bank-Battering Continues
Europe’s Stoxx 600 index is now down over 10% from its January highs, officially entering correction… As (major exporter) Germany leads the drop this month… And bank stocks continues to get battered… Though we note that the last two weeks have seen US banks underperform EU, as credit risk spikes on global funding stress…
Will Retailers Up The Game Against Amazon With Consolidation?
Retail is no more constrained to the four walls of its brick-&-mortar existence. Instead, it is rapidly accepting the concepts of an increasingly digitized world as advancing technology and digital transformation are playing key roles in evolving consumer shopping patterns. Consumers now prefer to shop online from the comfort of their homes rather than hopping […]
New Home Sales Down 0.6% In February
Friday morning’s release of the February New Home Sales from the Census Bureau came in at 618K, down 0.6% month-over-month from a revised 622K in January. The Investing.com forecast was for 623K. Here is the opening from the report: Sales of new single-family houses in February 2018 were at a seasonally adjusted annual rate of 618,000, according […]
Stock Fears Over Margin Debt Hype
Much like mortgage debt is to home prices, equity investor margin debt is to stock prices. With the Dow rising 25% and hitting new record highs every fourth day on average during 2017, borrowings for stock purchases have been hitting new records in tandem. The Fear of excessive margin debt by stock investors causing a […]
Facebook Trading Activity Explodes As Prices Drop
Facebook (FB) has hit new lows intraday today and assuming the current prices hold will have declined by 2% or more in five of the last six days. That’s fueled an enormous boom in volume and turnover (total value of shares traded). Over the last six trading days, more than $80bn of FB stock has […]
