Author Archive: Jeremy Parkinson
Cisco Upgraded To Buy On Software Transition, Valuation At BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Tal Liani upgraded Cisco (CSCO) to Buy from Neutral, as he sees the company being in the early stages of a positive transition to software. While noting the strategy shift is not new, Liani said he is also incrementally more positive on Cisco’s stability following years of […]
Stock Market For Friday, January 5
This morning we are going to discuss the following charts listed in sequence below. Today is Non-Farm Payrolls Friday and this report is a stock market mover. ****Charts Reviewed In Sequence Listed Below***** $UUP $BABA $TCEHY $SONC $AUPH $BNCL $CAMP $TZA
Mark Zuckerberg To Study Cryptocurrency Technology
Facebook CEO, Mark Zuckerberg on Thursday expressed his interest in cryptocurrency technology and its potential usage in strengthening Facebook services going forward. In the 2018 mission statement, Zuckerberg emphasized the limitation of centralized technologies, while at the same time highlighting the danger of unregulated decentralized technologies. “With the rise of a small number of big […]
Treasury Market’s Inflation Forecast Ticks Above Fed’s 2% Target
The Treasury market’s 10-year estimate of future inflation rose above the Federal Reserve’s 2% target this week – the first time that level has been breached for this maturity since last March, based on daily yield-spread data via Treasury.gov. Official inflation numbers, which are published with a lag, continue to reflect pricing pressure that’s modestly […]
Acerinox, S.A. Is Stainless, As In Steel
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the […]
Where Did All The Oil Go?
Where did all the oil go? Long time passing! A 7.06 million-barrel drop, the seventh drop in a row in a crude adding oil supply drawdown of historic proportions. Record refinery runs operating at 96.7% of their operable capacity last week running 17.6 million barrels of crude oil per day. This comes against a backdrop […]
Morning Call For Friday, January 5
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.30%) this morning are up +0.29% at a new record nearest-futures high as global stock markets continue their rallies in the first week of the new year. Expectations for a strong U.S. Dec payroll report this morning is pushing U.S. stock indexes further into record territory and European […]
Nifty, BSE Midcap Close At Record Highs; FMCG & Realty Stocks Rise
Indian share markets continued to surge in the afternoon session and touched record highs amid gains in international markets. At the closing bell, the BSE Sensex closed higher by 184 points and the NSE Nifty finished higher by 54 points. The S&P BSE Mid Cap finished up by 0.7% while S&P BSE Small Cap finished up by 1%. Gains were largely seen in FMCG sector, realty […]
Dollar Given Reprieve Ahead Of Employment Report
As the US dollar finished last year, so too did it begin the New Year, and after extending its losses, the bears have paused. Technical factors had been stretched, but it appears to have been old-fashioned macroeconomic considerations to have helped the dollar to move off the mat. Quickly summarized, these considerations are a larger than […]
Teva Downgraded To Underperform From Market Perform At Wells Fargo
Wells Fargo analyst David Maris downgraded Teva Pharmaceutical (TEVA) to Underperform with a $17 price target. The drugmaker closed yesterday up 45c to $19.58. Teva shares have now risen approximately 80% from its lows in November, Maris tells investors in a research note. The analyst believes now is a good time to sell the […]
