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Stock Analysis: Campbell Soup
Aug 31, 2018
Jeremy Parkinson
Finance, No picture
(Video length 00:09:15) Campbell Soup (CPB) has been in the news all week. We will show you two reasons not to buy this stock.
Bonds Rise As Coca-Cola Consumes Costa Coffee For US$5.1bn
Aug 31, 2018
Jeremy Parkinson
Finance
By Steven Levine Soft drink icon Coca-Cola (KO) has agreed to purchase British multinational coffeehouse Costa for £3.9bn (US$5.1bn) to capitalize on growing its hot beverage category in overseas markets. Through the deal, KO will acquire the international coffee platform from UK-based multinational Whitbread (WTB), including nearly 4,000 retail outlets that extend across parts of Europe, […]
Recent Stock Purchase August 2018
Aug 31, 2018
Jeremy Parkinson
Finance, No picture
I can’t believe it’s been six weeks since I made my last purchase in my DGI portfolio, but, if you’ve been following me for a while you already know that I make at least one buy every single month. It just happened to be that I made my August buy on the last day of […]
European Stocks Suffer Worst Month Since February As Perfect Storm Of EM Contagion, Italy Jitters Comes Calling
Aug 31, 2018
Jeremy Parkinson
Finance
Well, European shares closed out August on a decidedly sour note thanks in no small part to renewed trade tensions with the U.S. after Donald Trump told Bloomberg that the bloc’s offer to “go to zero” on auto tariffs “isn’t good enough”. The Stoxx 600 Automobiles & Parts Index dove 1.5% Friday on the news. […]
August A Continuation Of Trend
Aug 31, 2018
Jeremy Parkinson
Finance
Below we show our decile analysis of S&P 500 gains in August. To construct these analyses, we show how each 10% bucket of stocks in the S&P 500 (50 per bucket) by a given metric performs. In this example, we’ve broken the S&P 500 into deciles based on their percentage change in the first 7 […]
Argentinian Peso Falls 45% Versus The Dollar This Year
Aug 31, 2018
Jeremy Parkinson
Finance
Argentinian Peso – Argentina May Default Emerging market stocks and currencies plummeted further even with the decline in the dollar. The MSCI emerging market equity ETF fell 2.66% on Thursday. One of the catalysts for the decline was the chaos in Argentina as its central bank hiked rates to 60%. The country’s inflation rate is […]
RecessionAlert Weekly Leading Index Update – Friday, August 31
Aug 31, 2018
Jeremy Parkinson
Finance, No picture
The latest index reading came in at 19.1, unchanged from the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that WLEI […]
Morgan Says Moody’s Ford Downgrade Puts Focus On Need For ‘Decisive’ Action
Aug 31, 2018
Jeremy Parkinson
Finance
Shares of Ford (F) were slipping near midday after an analyst from Morgan Stanley commented on the recent Moody’s downgrade of the car maker’s investment rating, saying the rating cut is an “important catalyst” to further focus investor and management attention on the risks and opportunities “inherent in the Ford story”. MOODY’S DOWNGRADE: Earlier this […]
Trader Exposes Market “Reality” In One Simple Chart
Aug 31, 2018
Jeremy Parkinson
Finance, No picture
For days, the US equity market has shrugged off every bad trade headline, every weak data-point, every global EM crisis contagion concern, and every signal from other (less-manipulated) markets and soared to record highs, building chips in Trump’s corner to expend in his global trade war. However, as a former fund manager and FX trader Richard Breslow […]
August 2018: ECRI’s WLI Growth Rate Index At 127 Week Low
Aug 31, 2018
Jeremy Parkinson
Finance
ECRI’s WLI Growth Index which forecasts economic growth six months forward now shows insignificant negative growth. Analyst Opinion of the trends of the weekly leading indices The current forecast is for no growth six months from today. Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates growth): Weekly […]