Author Archive: Jeremy Parkinson
Tigress Reiterates Neutral On Coca-Cola After ‘Bold’ Costa Acquisition
Tigress Financial analyst Ivan Feinseth reiterates a Neutral rating on Coca-Cola (KO) shares following the company’s acquisition of Costa. The deal positions Coca-Cola “in the center of the very competitive coffee-based beverage business” where it will compete head-on with Starbucks (SBUX) and Nestle (NSRGY), Feinseth tells investors in a research note. The Costa acquisition is […]
Weekly Wrap: Momentum Is Going Up Up Up, Albeit With A Lot Less Conviction
You’ve heard this one before, right? Equity markets are making new highs while volatility continues to be exceedingly low. Here are a few thoughts as we exit the summer and head into the final months of the year. The yield curve continues to flatten and yet few seem to care. This is nothing new as […]
Moving Averages: August Month-End Update
The S&P 500 closed August with a monthly gain of 3.03% after a gain of 3.60% in July. All three S&P 500 MAs are signaling “invested” and four of five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), iShares Barclays 7-10 Year Treasury (IEF), Vanguard REIT Index (VNQ), and PowerShares DB Commodity Index […]
US Dollar Aims Higher On Haven Demand, Yield Appeal
US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar snaps 2-week loss streak as haven demand returns Trade war and emerging market worries may sustain support Upbeat local data to boost yield appeal if sentiment recovers The US Dollar snatched victory from the jaws of defeat last week. What looked likely to be another heavy loss until […]
Another Record Setting Week On Wall Street
It was another record setting week on Wall Street as the S&P 500 topped 2,900 and the Nasdaq topped 8,000. In the short-term, the market is very extended and way overdue to pull back. There’s an old adage on Wall Street that says, “Stocks take the stairs up and the elevator down.” Which means, on […]
S&P 500 Snapshot: Another Weekly Gain
The S&P 500 rose and fell this week, ending up 0.93% from last Friday and closed the day a mere 0.01% from Thursday. The index is up 7.63% YTD. The U.S. Treasury puts the closing yield on the 10-year note at 2.86%. Here is a daily chart of the S&P 500. Today’s selling puts the […]
Core PCE Inflation Increases To 2%
Core PCE Inflation – Personal Income Meets Estimates The July Personal Income and Outlays report was released on Thursday. This is the most important report I follow because it tells us about income growth, inflation, and consumer spending. The Fed follows core PCE inflation the closest which means if it accelerates, the Fed will need […]
