Author Archive: Jeremy Parkinson
Another Problem Emerges For Elon Musk
While it has yet to be seen if the SEC will crack down on Elon Musk, and whether the Tesla CEO can round up enough investors (which he allegedly already has a commitment letter from over a week ago) to participating in his going private transaction, remains to be seen but even in an ideal […]
US Dollar: Up, Up, And Away?
The latest outbreak of volatility in Turkey has been a headache for many assets, but it’s been an absolute boon for the US dollar. Until Friday, the world’s reserve currency had spent the last three months consolidating in a sideways range below 95.50 as traders weighed the long-term uptrend against the potential for the greenback’s […]
Tapestry Rises After Quarterly Results As Coach Grows, Kate Spade Decline Slows
Shares of Tapestry (TPR) are on the rise after the company, formerly known as Coach, beat consensus estimates for the fourth quarter, driven by strong performance of its Kate Spade as the death of the namesake founder in June stoked nostalgia for the brand. Commenting on the quarterly results, Loop Capital analyst Laura Champine recommended […]
Advance Auto Parts, Inc. Shares Gain $11 On Strong Q2 Results
Advance Auto Parts, Inc. (NYSE: AAP) Auto parts retailer, Advance Auto Parts came out with an upbeat second-quarter report early Tuesday, which sent its stock on an upward run. The Roanoke, Virginia-based company finished above Wall Street expectations on both profit and sales. Advance Auto Parts also boosted its revenue forecast for the full year and announced plans to […]
E Procter & Gamble Offers Reliable Income And Compelling Total Returns
Procter & Gamble is one of the biggest consumer good companies in the world. The company managed to increase its dividend every year for more than 6 decades, which makes Procter & Gamble (PG) one of the Dividend Kings. These are companies that have increased their dividends for at least 50 years in a row. […]
Chart: Global Equity PE10 Valuations – Tuesday, August 14
As the pressure comes down on global equities – particularly global Ex-US (and particularly emerging markets) – valuations have likewise come down. But the movement in valuations is so far relatively small.US PE10 valuations have clawed back much of the decline, while emerging market valuations have moved to new lows for the year, down -15% since the top […]
EUR/USD Outlook Mired By Oversold Signal
EURO TALKING POINTS EUR/USD slips to fresh 2018 lows even as the Euro-Zone Gross Domestic Product (GDP) report instills an improved outlook for the monetary union, with the exchange rate at risk for a further decline as the bearish momentum appears to be gathering pace. EUR/USD OUTLOOK MIRED BY OVERSOLD SIGNAL The Euro is back under pressure despite […]
Turkish Crisis Used As An Excuse For Pullback
Turkish Crisis – Stocks Selloff On Monday Although I mentioned in a previous article emerging market weakness could be a catalyst which helps cause the American economy to decelerate in 2019, I think the Turkish crisis is being used as an excuse for an overbought market to selloff. The S&P 500 declined 0.4% and the […]
Household Debt And Credit Report: Up By $82B In Q2
The latest household debt for Q2 2018 was up 0.6% from Q1 and currently at $13.29T and at its peak. Here is an excerpt from the latest press release: NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household […]
Forget About Turkey: Asia Is The Elephant In The Room
Back in November 2016, the BIS picked up on a topic we have often discussed over the years, namely the critical role that dollar abundance (or shortage) plays in defining market stress, and going one step further, published a research report which made the striking claim that while the VIX was now dead as an indicator […]
