Author Archive: Jeremy Parkinson
Best And Worst S&P 500 Stocks On The Road To Nowhere
Many are out making a big deal about the fact that the S&P 500 traded back to a new all-time high today, but the reality is that the S&P 500 has been ‘dead money’ for nearly seven months now. Along with the index itself being unchanged since late January, a very slight majority of stocks […]
ETFs In Focus On GICS Changes: Top Tech & FANG
(Video length 00:11:45) S&P Dow Jones and MSCI announced major changes in the Global Industry Classification Standard (GICS) last year, which will take place […]
Productivity Growth Accelerates While Unit Labor Cost Declines
Productivity Growth Improvement Another stat which has been in the doldrums in this expansion is productivity growth. Low productivity growth has been called an impediment to real wage growth. It has been so low this recovery, some complain productivity isn’t been measured correctly. By ‘eyeballing’ the economy, some skeptics claim it’s unlikely that productivity has […]
The TJX Companies, Inc. Shares Jump On Q2 Revenue Rise & Guidance Lift
The TJX Companies, Inc. (NYSE: TJX) Markets reacted positively on Tuesday after discount retailer TJX revealed second-quarter sales that were above expectations. During the quarter, the Marshalls and T.J. Maxx parent company attracted higher numbers of younger customers due to its deep discounts. TJX also boosted its earnings and same-store sales growth guidance, sending its shares […]
Are New Valuation Methods Valid?
Some investors believe in maintaining the use of old models because they have historical precedence; new ideas can be risky to try. One example which comes to mind is when the 1990s tech firms were valued based on eyeballs instead of earnings. Believing in new models can easily turn into justifying overpaying for an asset. […]
The Case For The US Dollar Topping Out
The US Dollar (via the DXY Index) is pacing for its fourth consecutive day of losses today, the first time such a streak has transpired since the end of March. While the DXY Index was able to attempt a breakout of its two-month-long ascending triangle last week, it now appears that a false breakout scenario is […]
The Market’s Record Bull Run In 5 Charts
Earlier today the S&P500 hit a new intraday all-time high of 2,373.23 before fading some of the gains, on the day that matches the longest bull run in S&P history. And absent a “force majeure” event and a 20% drop in the S&P in the next few hours, the length of time that has passed […]
GBP/USD In Rally Mode After EU-UK Brexit Presser
The constant trickle of Brexit headlines continues to drip out, with today’s developments taking on a relatively positive tone. While the two chief negotiators, Michel Barnier and Dominic Raab, still acknowledged the potential for a no-deal / “hard” Brexit, they noted that negotiations were in their final stage and will occur continually from now on. […]
Fabrinet Jumps After Quarterly Results As Needham Cuts Rating On Valuation
Shares of Fabrinet (FN) are on the rise after the company reported better than expected fourth quarter results and guided earnings per share above consensus expectations. Following the earnings release, Piper Jaffray analyst Troy Jensen raised his price target on the stock to $52 citing improving optical demand and growth rates reacceleration. However, given the […]
Vehicle Miles Traveled: Another Look At Our Evolving Behavior – Tuesday, August 21
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through May. “Travel on all roads and streets changed by +0.3% (+0.9 billion vehicle miles) for June 2018 as compared with June 2017. Travel for the month is estimated to be 281.4 billion vehicle miles.” The 12-month moving average was […]
