Author Archive: Jeremy Parkinson
Wells Fargo Double-Upgrades Nvidia Ahead Of Second Quarter Results
Wells Fargo analyst Aaron Rakers upgraded Nvidia (NVDA) two notches to a Buy-equivalent rating from a Sell-equivalent one, based on a long-term view of its competitive position in gaming and expanding growth opportunities in data center and autonomous vehicles. The company is expected to report second fiscal quarter after the market close on August 16, […]
Share Of Consumers Facing Collection Collapsing
One of our favorite obscure US economic data releases is the New York Fed’s quarterly cut-up of US household debt numbers. In addition to a variety of interesting data points on the level, growth rate, and composition of household debt, the report also discusses credit performance in very close detail. Among the metrics included are […]
E Caterpillar: Growth Momentum And Low Valuation Will Allow For Compelling Total Returns
Caterpillar (CAT) is the biggest and most famous construction and mining equipment company in the world. Caterpillar is a member of the Dow Jones Industrial Index, an index of 30 major US-based companies from different industries. The Dow Jones index is not as diversified as the S&P 500 index, but for investors looking for low-risk […]
SEC Subpoenas Tesla Regarding Privatization Plans And Musk’s Statements
The SEC launched a formal investigation into Tesla by the SEC over Musk’s allegations. More lawsuits filed. SCOOP: SEC ramps up investigation into Tesla privatization plans; sends subpoenas to Tesla regarding privatization plans and Musk’s statements involving “funding secured”–sources Subpoenas signal investigation has reached the “formal” stages — sources more now @FoxBusiness * — Charles […]
Crude Oil Price Analysis: Sell-Off Approaching Key Support Targets
Crude oil sell-off intensifies- possible relief at upcoming support targets Crude oil prices have plummeted nearly 14% off the July highs with the decline now approaching broader up-trend support. Here are the updated targets and invalidation levels that matter on the Crude Oil charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. CRUDE […]
USD/CAD Setup Daily: Looking Higher…
USD/CAD Daily: I still prefer the double zigzag pattern pushing toward 1.3600-1.3800 level. Interestingly, CAD has been relatively strong compared to most other commodity currencies which have put in fresh swing lows against the US dollar…catch-up time? Note the overlay of AUD/USD price inverted to better see the correlation. USD/CAD swing high comes in at 1.3383, which is another […]
Collateral Silos And The Deflationary Gold Rush
It was never really all that much. The best that might have been said was that it was a pause in the building of renewed deflationary pressures. The dollar had “risen” again especially in April and May but then traded sideways through July. It wasn’t a rebound or even much that was positive, just less […]
Will Sonos Make Sweet Music For Investors Wallets?
There have been a flurry of initial public offerings lately and Sonos is no exception. They have been in business for a while now and decided to take their company public. Many investors love IPOs and always want to get in early, but not all turn out to be smart investments for investors wallets. Where […]
E Forex Analysis Of USD/JPY For Wednesday, August 15
First, we look into the previous day trade and what happened on August 14, 2018, and the USD/JPY pair opened at 110.629 and went high at 111.307 and gone low 110.580 and finally closed at 111.140. The calculated pivot point for the day is 110.009. The difference between high and low was nearly 0.727 points […]
Billion Dollar Unicorns: Circle Soars With New Products
Recent reports from analysts suggest that the global cryptocurrency market will grow to $1 trillion in 2018 from an estimated $417 billion in 2017 in spite of the growing regulatory concerns. But the skepticism has not stopped the US FinTech firm Circle from reaching the Billion Dollar Unicorn status. Circle’s Offerings Boston-based Circle was founded in 2013 by Jeremy […]
