Author Archive: Jeremy Parkinson
Global Indices Below 200-DMAs With Death Crosses To Boot
It’s been a week to forget for global equity indices. In the charts below we chart local currency prices for indices in the US (S&P 500), Europe (Stoxx 600), Italy (FTSE MIB), Spain (IBEX 35), the UK (FTSE 100), Germany (DAX), Japan (Nikkei 225), and Australia (ASX 200). All are now below their 50-DMAs and […]
Market Talk – Friday, March 23
If you were in any doubt what Asia thinks about the possibility of a trade war, you saw the answer today. All major indices lower with losses between 2% and Japan’s Nikkei -4.5%. The Yen saw the flight to quality and even this evening is trading with a 104 handle. Market looks to have priced-in […]
E Plug Power: Do Sales Justify A Sub-$2 Price Tag?
Plug Power (PLUG) stock is back under $2 a share. In the column, we discuss shipments, sales, and the balance sheet as we head into 2018. We believe shares have faltered because while earnings have eluded the company, sales had kept the stock strong. That said, sales have now begun to show some pain too. […]
Carnage… Everywhere
“It’ll be fine,” they said… “You buy the dip,” they said…”just follow my tracks”… Post-Powell, Gold is the big winner… Only Nasdaq remains in the green for the year, as Small Caps joined the rest in the red this week… But it was an ugly week for global markets. Equities be like.. pic.twitter.com/1dzfOf4e8t — Eric […]
GDPNow “Real Final Sales” Forecast Remains 1.1%
GDPNow and Nowcast GDP estimates came out today. I believe the GDPNow estimate is closer to the right track. The GDPNow forecast continues its trend of “falling like a rock” over the course of a quarter. Meanwhile, “I am a Rock” best describes the Federal Reserve Bank of New York (FRBNY) Nowcast. GDPNow Latest Forecast: 1.8 Percent – […]
4 Low Beta Stocks To Buy As Trade War Looks Real
President Donald Trump finally set in motion tariffs on as much as up to $60 billion in Chinese imports on Thursday. Consequently, China too has announced plans for reciprocal tariffs on $3 billion of imports from the United States, giving rise to fears of an ensuing trade war. This saw the Dow once again tumbling […]
Dell’s Pivotal Software Files For Initial Public Offering
Pivotal Software, whose majority stockholder is Dell Technologies (DVMT), filed this afternoon with the SEC for an initial public offering. Pivotal, which listed an initial offering size of $100M in its filing, describes itself as a “leading cloud-native platform that makes software development and IT operations a strategic advantage for our customers.” It says it […]
US Stock Market – How Bad Can It Get?
SPX, Quo Vadis? Considering the Crash Potential In view of the fact that the stock market action has gotten a bit out of hand again this week, we are providing a brief update of charts we have discussed in these pages over the past few weeks (see e.g. “The Flight to Fantasy”). We are doing […]
E Stock Of The Week: Coherent, Inc
Coherent, Inc. is a leading supplier of lasers and laser technology for scientific, commercial, and industrial applications. But can it keep up its torrid pace of making money?
The Real “Killer Application” For Crypto
In the early days of the internet, opinions varied on how popular the new technology would be with the public. Nobel-Prize-winning economist Paul Krugman infamously doubted the web’s potential, saying, “By 2005 or so, it will become clear that the internet’s impact on the economy has been no greater than the fax machine’s.” Despite the […]
