Author Archive: Jeremy Parkinson
AbbVie (ABBV) Q4 Earnings Beat, 2018 View Raised, Shares Up
AbbVie Inc. ABBV reported impressive results in the fourth quarter of 2017. The company surpassed earnings and revenue estimates during the period. Importantly, it raised its earnings expectations for 2018. AbbVie’s shares have soared 90.1% in a year’s time, significantly outperforming the industry’s 26.5% rally. The biopharmaceutical company reported fourth-quarter 2017 earnings of $1.48 per share, beating the […]
Making Sense Of The Mnuchin-Trump Currency War Confusion
The Dollar is tumbling once again today, erasing President Trump’s rescue bid yesterday, and pushing FX volatility up to its highest in 4 months. Here’s why… Trying to make sense of the Mnuchin-Trump confusion, DB’s FX Strategist Alan Ruskin believes that what you have here is two officials who like a weak(er) USD in the short-term […]
Double-Digit Year/Year Declines In The Dollar
The falling dollar has become a hot topic of conversation this week as back and forth comments from Treasury Secretary Mnuchin regarding the Administration’s view on the greenback caused some confusion in markets and among investors. While the dollar has been weak to kick off 2017, it is only the continuation of the same trend we saw […]
Early Reviews Of Tax Cut Are Not Good: Capital Goods Orders Fall In December
The centerpiece of the Republican tax cut was a big reduction in the corporate tax rate, lowering it from 35 percent to 21 percent. While critics argued this was just a handout to shareholders, who are overwhelmingly wealthy, the counter was the tax cut would lead to a surge in growth, which would benefit everyone. […]
Intuitive Surgical (ISRG) Beats On Q4 Earnings & Revenues
Intuitive Surgical Inc (ISRG – Free Report) posted adjusted earnings of $2.54 per share in the fourth quarter of 2017, which beat the Zacks Consensus Estimate of $2.27 and improved 25.1% year over year. Revenues increased 17.9% year over year to $892.4 million, driven by growth in Instrument & Accessories, Services and Systems segments. Revenues also beat the […]
Carnage In Cryptocurrencies As Coincheck Withdrawal Halt, NEM Collapse Rattle Market
How many times have we said it? Almost everyone needs an exchange. There’s this idea out there pushed by cryptocurrency advocates that digital currencies are akin to illicit drugs. That is, you can’t stamp them out because motivated parties are always going to be able to transact with each other. The obvious problem with that […]
Bear Of The Day: Symantec
Some new tech trends, like artificial intelligence and autonomous driving, promise massive growth in the future. Others, like cybersecurity, are in demand right now. Nevertheless, not every cybersecurity firm has been witnessed consistent success. Today’s “Bear of the Day” is one of the struggling stocks in this industry, Symantec Corporation (SYMC – Free Report). Symantec is one of the […]
Overhyped
There have been a number of stocks that tied themselves to the crypto comet in order to boost their own sagging stock prices. There’s Kodak (KODK), Long Island Iced Tea (LTEA) and, shown below, Overstock (OSTK). Yesterday I shorted a small position of OSTK, partly because of its history of having a crazy-huge breakout and […]
Is Hyatt Hotels A Takeover Or Just A Short?
This article is Part III of a look at the lodging/hospitality industry. In Part I on TalkMarkets I provided an overview of the industry: the differences between owners of the physical lodging properties and the management companies that actually train the staff and do the hiring, firing, maintenance and so on. The third leg of […]
E Fintech Startup Robinhood Announces It Will Support Cryptocurrency Trading
Best known for its sleek smartphone app and commission-free trading, Robinhood is now breaking into the cryptocurrency game. Adding to its platform that already supports publicly traded companies’ stocks and exchange-traded funds, the fintech startup will start allowing users to exchange Bitcoin (BTC) and Ethereum (ETH) come February. The app has become a popular trading […]
