Author Archive: Jeremy Parkinson
February 2018 Leading Economic Index Sees Robust Economic Growth To Continue Through 2018
The Conference Board Leading Economic Index (LEI) for the U.S improved this month – and the authors say ” the recent weakness in residential construction and stock prices – important leading indicators – should be monitored closely“. Analyst Opinion of the Leading Economic Index Because of the significant backward revisions, I do not trust this […]
Darden’s (DRI) Q3 Earnings Top Estimates, Lifts EPS Guidance
Darden Restaurants, Inc. DRI reported mixed third-quarter fiscal 2018 results, wherein earnings surpassed the Zacks Consensus Estimate while revenues lagged the same. Adjusted earnings of $1.71 per share beat the consensus estimate of $1.64 by 4.3%. Earnings increased 29.5% year over year on the back of higher revenues. Notably, the quarter marked the 14th consecutive earnings beat […]
Could Amazon Stock Split Push It To $1 Trillion Market Cap And Above Apple?
Amazon.com, Inc. (Nasdaq: AMZN) market cap exceeded that of Alphabet, Inc. (Nasdaq: GOOG) (Nasdaq: GOOGL) early this week making it the second most valuable company. It’s stock price of over $1,500 per share now values the company at about $766 billion just about $100 million below Apple, Inc. (Nasdaq: AAPL)’s market cap of $869 billion. […]
Accelerate Diagnostics Inc. Announces $150 Million Convertible Notes Offering
TUCSON, Ariz., March 22, 2018 (GLOBE NEWSWIRE) — Accelerate Diagnostics, Inc. (Nasdaq:AXDX) today announced its intention to offer, subject to market conditions and other factors, $150.0 million aggregate principal amount of convertible senior notes due 2023 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of […]
What Is Oracle’s Counterpunch To Salesforce’s MuleSoft Move?
Oracle’s (NYSE: ORCL) recent quarterly results may have outpaced market expectations, but slowing cloud growth has caused a stir amongst analysts as they continue to downgrade the company. The market was very concerned and the stock fell 9% – the worst decline in the last five years. Photo Credit: May Wong/Flickr.com Oracle’s Financials Revenue for the third […]
Oil Supply: Below Average
You can talk all you want about rising U.S. oil production, but the fact is that U.S. oil supply is below average. The Energy Information Agency, in its weekly report, said that U.S. commercial crude oil inventories fell by 2.6 million barrels to 428.3 million barrels, which the EIA says are the lower half of […]
Intraday Price Action Provided Some Optimism For The Bulls
My Swing Trading Approach I am only 30% to the long side. I will manage the risk on those three positions and likely be back all in cash early on. I may short the market today, but the large gap down makes it quite difficult to do so. Indicators VIX – Down 1.9% yesterday, and recovered […]
Cryptos Slide On Rumor Of Binance Crackdown, CEO Denies
Every day it seems that some new negative development emerges for the cryptocurrency sector, and just days after digital currencies evaded the wrath of the G-20 (allegedly thanks to the BOJ’s Kuroda), fears of which had slammed bitcoin and its peers to multi-week lows, overnight cryptos tumbled again this time dragged lower by fears of […]
Rethinking European Stocks
It’s tough to get excited about European stocks these days. Although they had a decent run in 2017, they were still trounced by their American counterparts. It’s difficult to compete with the Trump tax cut excitement, and let’s face it, a steadily rising Euro is a tough headwind to sail into. Although there has been […]
The Debtor’s Prism
In just a little more than six months, the U.S. national debt has grown by a $1 trillion dollars. Today, Congress will debate on a $1.3 trillion “Omnibus spending bill” to fund the government through the end of September of this year. As noted by Robert Schroeder: Excessive borrowing by companies, households or governments lies at […]
