Author Archive: Jeremy Parkinson
Dow 30 Technical Analysis: Where Do We Go From Here?
Dow Jones Industrial Average is one of the oldest indices in the world. It is made up of 30 of the largest firms in the United States. While the index is closely followed, it does not always give a clear picture of the economy. In addition, the companies that make the index are so large […]
USD/CAD Daily Analysis – Friday, March 16
USD/CAD broke above 1.3000 resistance, suggesting that the uptrend from 1.2247 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.3150 area. Support levels are at 1.3025 and 1.2980, only break below these levels could bring price back to 1.2850 zone.
Lumber Liquidators Upgraded To Buy From Hold At Loop Capital
Loop Capital analyst Laura Champine upgraded Lumber Liquidators (LL) to Buy and raised her price target for the shares to $30 from $22. The flooring retailer closed yesterday down 28c to $24.57. Following a visit to the company’s Toano, Virginia headquarters yesterday, the analyst has improved confidence in management’s margin outlook. He estimates represent […]
Why It’s Better To Trade Sector ETFs Instead Of Individual Stocks
I personally prefer to trade the S&P 500’s index ETFs because I’m unable to consistently predict which stocks or sectors will outperform the broad index. But some traders and investors have the skill to do so. They’ll use earnings growth and technical indicators to predict which stocks/sectors will outperform. I think it’s a better idea […]
Stocks To Trade: MA, FLR, PNK
Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Mastercard (MA) Long Fluor (FLR) Short Pinnacle Entertainment (PNK)
How Millennials Are Driving Impact Investing Forward
While student loan debt is among one of the largest factors holding down the Millennial generation financially, in the not so distant future this is about to change. Analysts from J.P. Morgan and the Rockefeller Foundation’s Global Impact Investing Network (GIIN) expect the sustainable and impact investing market to swell by $500 billion by the end of […]
WTI Crude Oil And Natural Gas Forecast – Friday, March 16
WTI Crude Oil The WTI Crude Oil market rallied a bit during the trading session on Thursday but has rolled over a bit to show signs of lackluster behavior. I think that the uptrend line underneath it will continue to be supportive, and I also look at the $60 level underneath as being support also. […]
Broadcom Tops Q1 Earnings & Revenue Estimates
Broadcom Limited (AVGO – Free Report) released its first-quarter fiscal 2018 financial results, posting adjusted earnings of $5.12 per share and revenues of $5.33 billion. Currently, Broadcom is a Zacks Rank #2 (Buy) and is down 1% to $265 per share in after-hours trading shortly after its earnings report was released. AVGO: Beat earnings estimates. The company posted […]
Reducing Dependence On (L)IBOR
A creation of the mid-1980s, the London Interbank Offered rate (LIBOR) became immensely influential over the three decades that followed. It became a reference rate for both finance and commerce for the rate of nearly risk-free interest, and in the process it spawned other IBORs, including EURIBOR and Japan’s TIBOR. LIBOR came to be published in […]
Bitcoin Mining In NY Costs Premium: Bitcoin Headed To $2,800?
Utilities in New York will now charge extra to mine Bitcoin. In unrelated news, technicals point to a $2800 price. I am surprised it took this long, but here’s news on Bitcoin mining costs: Want to Mine Bitcoin in New York? You’ll Have to Pay a Premium. The New York Public Service Commission on Thursday cleared […]
