Author Archive: Jeremy Parkinson
Wells Fargo Agrees To Pay Record $1BN Fine In Settlement With Mulvaney’s CFPB
As was widely expected, Wells Fargo announced today that it has agreed to pay a $1 billion fine to the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau in what is the largest fine ever levied by the CFPB in its six-year existence. The fine was levied over Wells’ shady sales practices, including […]
E China Will Do Everything In Its Power To Avoid A Trade War
“Because China has a higher export-to-GDP ratio than the US, its leaders are more concerned with defending the global trading system than with preserving any particular bilateral balance. By eschewing escalation in response to the Trump administration’s widening tariffs on its exports, China avoids jeopardizing the system. (Barry Eichengreen, Can a Trade War be Averted?, […]
SunTrust (STI) Beats On Q1 Earnings, Revenues Stable Y/Y
Have you been eager to see how SunTrust Banks, Inc. (STI – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta-based commercial banking organization’s earnings release this morning: An Earnings Beat SunTrust came out with earnings per share of $1.29, which surpassed the Zacks Consensus Estimate of […]
Stock Charts Today – Friday, April 20
A review of today’s commodities, stocks, ETFs, stock market indexes and cryptocurrencies. Video Length: 00:18:15
The CRB And What It Means For The Overall Commodity Complex
The CRB index has recently broken above the 200 level. Lead by energy/oil since it is a major component of the CRB there are also some other commodities that are also breaking out. Nickel and aluminum are a couple of those commodities moving up but mostly on the back on political news regarding sanctions and […]
The Incredible Silver Trade – What You Need To Know
Everyone is talking about the incredible price move in silver on April 18, 2018. Now, everyone wants to know what’s next. Here is our take on the Silver trade and what you need to know. All the technical and price valuation indicators regarding the relationship of Gold to Silver have been set for many months […]
GE Records Strong Start To 2018, Beats Q1 Earnings, Revenues
Industrial goods manufacturer General Electric Company (GE – Free Report) is aiming to focus on its core industrial operations after completing the GE Capital exit plan. CEO John Flannery plans to script a turnaround in the company, with 2018 being termed as a “reset year”. Flannery intends to focus on just three core segments — power, aviation and health-care […]
Equities Search For A Catalyst: Trading What Is In Front Of You
All three major averages fell in the Thursday trading session as bond yields were on the rise. The 10-year Treasury yield trended higher and tipped over 2.92% in yesterday’s trading session, which stirred up anxiety amongst investors once again. The Dow Jones Industrial Average fell 0.3% to 24,665.89. The S&P 500 lost 0.6% to 2,693.13. Both […]
Earnings & Economic Surprises
Earnings beat rates have been very strong recently. In the 12 weeks ending February 16th, 69.1% of companies beat EPS, and over 72% of companies beat on revenues. These numbers have moderated somewhat since then but still remain extremely strong (65.8% and 70.2% respectively). For EPS, recent levels of beat rates on a rolling 12 […]
Weekend Reading: The Return Of Stagflation
One of the worst possible outcomes for the U.S. economy, and ultimately for investors, is stagflation. Of course, if you weren’t around in the 60-70’s, there is a reasonably high probability you are not even sure what “stagflation” is. Here is the technical definition: “stagflation – persistent high inflation combined with high unemployment and stagnant demand in a […]
