Author Archive: Jeremy Parkinson
Disney Disappoints: ETFs To Watch
While this earnings season continues to show broad-based strength like the last couple of quarters, The Walt Disney Company (DIS – Free Report) disappointed investors by missing on both the top and bottom lines. Earnings in Focus Earnings per share came in at $1.87, missing the Zacks Consensus Estimate by 10 cents but increasing from the year-ago […]
June 2018 Headline Wholesale Sales Slow
The headlines say wholesale sales were down month-over-month with inventory levels remaining elevated. Our analysis also shows an acceleration of the rate of growth for the rolling averages. Analyst Opinion of this month’s Wholesale Sales The decline this month in the headline data was insignificant. Overall, I believe the rolling averages tell the real story […]
Producer Price Inflation Flat, Well Under Consensus, Bond Yields Tumble
Economists expected the Producer Price Index would jump in July. Instead, the PPI was flat and bond yields tumbled. This morning, the BLS released Producer Price Index (PPI) report for July. Key Points PPI for final demand is unchanged in July. Final demand prices advanced 0.3 percent in June and 0.5 percent in May. On an unadjusted […]
5 Reasons To Remain Bullish On Silver Prices
These 5 Things Make a Strong Case for Higher Silver Prices Silver prices this low could be offering a great investment opportunity. Long-term investors could reap massive rewards from the gray precious metal. iStock.comVladK213 There are at least five reasons to be bullish on silver in the coming months and quarters. 1. It’s Undervalued To […]
Tesla Tumbles As Broader SEC Inquiry Revealed
Bloomberg reports that the U.S. Securities and Exchange Commission is intensifying its scrutiny of Tesla’s public statements in the wake of Elon Musk’s tweet Tuesday about taking the electric-car company private. “funding secured”. Additionally, SEC enforcement attorneys in the San Francisco office were already gathering general information about Tesla’s public pronouncements on manufacturing goals and sales targets, according to the people who asked […]
Consumer Spending Is Up, While Leverage Is Modest
Stocks Not Overhyped Whether stocks are showing signs of exhaustion depends on which indicator you review. The CNN Fear and Greed index makes me cautious about stocks, but the Investor Movement Index seen in the chart below shows investors are still cautious. The TD Ameritrade Investor Movement Index was 5.45 in July which is exactly […]
EUR/USD Rebound Unravels Ahead Of Updates To U.S. CPI
EURO TALKING POINTS The recent rebound in EUR/USD unravels ahead of the updates to the U.S. Consumer Price Index (CPI), with the exchange rate at risk of making a run at the June-low (1.1508) as it snaps the series of higher highs & lows from earlier this week. EUR/USD REBOUND UNRAVELS AHEAD OF UPDATES TO U.S. CONSUMER […]
Apple After $1 Trillion: How Far Can It Go?
Apple (AAPL) stock is on fire lately, shares of the tech juggernaut have gained almost 35% in the past year, trading near historical highs above $200 per share and giving Apple a gargantuan market capitalization value of over $1 trillion. In this context, it makes sense to wonder if the best is already in the […]
Tailing, Mediocre 30Y Auction Concludes This Week’s Debt Issuance Surge
After a poor 3 Year auction on Tuesday, a strong, and record-sized, 10 Year auction yesterday, at 1 pm the US Treasury sold $18 billion in 30 Year bonds at a yield of 3.090%, 0.3bps above the When Issued 3.087% – this was the 3rd consecutive 30Y tail – and higher than July’s 2.954% if […]
EUR/GBP: Bulls Looking To Buy On Dips?
As my colleague Fawad Razaqzada noted earlier today, the British pound has finally caught a small bid today after selling off sharply through the first three days of the week (see “Brexit-hit GBP/USD rebounds ahead of UK GDP and US CPI” for more). There is certainly some prospect of a bounce in GBP/USD, which is testing a […]
