Author Archive: Jeremy Parkinson
China Poohs On Equities
I was just about totally out of hope that any down market could ever take place and yet Trump, inexplicably, is making enemies of our largest trading partner. Hey, works for me – – nuclear war, alien invasion, I’ll take ANY reason for a down-move. If Trump wants to wreck the economy, I say: cool! Of […]
5 Large-Cap Stocks Gaining More Than 40% Braving Trade Fears
Trump’s protectionist stance on trade led to sluggish trading on Wall Street. This is especially true, as a series of tariff talks between the United States and its other major allies are intensifying fears of a trade war and could even trigger a global recession. Tariff Talks Trade war fears surfaced in March when Trump […]
Trump Drives HOG Out Of U.S.
Because of President Trump’s trade tariff tantrums, Harley-Davidson (HOG) may be forced to build its motorcycles destined for the European market over in Europe, itself…thereby cannibalizing its American jobs in the process. Price has broken below several important support levels that I described in my post of March 2 and dropped over 6 % today…it sits just above major price support at 40.00, […]
Financial Stocks Battered As Yield Curve Flattens
Global equities are once again opening the week on the back foot as a joint story from the Wall Street Journal and Bloomberg further exacerbated US-China trade tensions. The report alleges that the US will increase scrutiny of Chinese investments in certain US industries deemed critical to economic and national security. This morning, US Treasury Secretary Mnuchin tweeted that […]
Revisiting China And ‘Devaluation’ As China Revisits ‘Devaluation’
When the Chinese yuan suddenly plummeted in mid-August 2015, the world looked on in stunned confusion. It didn’t make sense. The global economy was about to take off, they thought, and it wouldn’t be doing that without China’s vast anticipated contributions. Such a large move in such a short time frame for a major currency […]
Market Correction – Is It Trade Fears Or A Natural Correction?
(Audio length 00:14:15) With markets selling off to start the week I ask Chris to weigh in on the what is causing the drop. Is it escalating trade fears or nothing more than a natural correction? Considering we are seeing tech getting hit the hardest there is an argument for both. We also talk about […]
10 Low PE Stock Picks For The Defensive Investor – June 2018
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the ten lowest PEmg (price / normalized earnings) companies reviewed by ModernGraham. Each company has been determined to be undervalued or fairly valued and suitable for the Defensive Investor according to the ModernGraham approach. Defensive Investors are defined as […]
The Wealth Effect
Last week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let’s illustrate with an example. The Fraudulent Promise Suppose Eric works for wages. He is 50 years old. His house is paid off, he has no student […]
100% Of S&P 500 Firms Have Beaten Q2 Earnings Estimates So Far
Earnings Growth Top Not A Worry Earnings growth is expected to peak in Q3 2018 which has already become a big story as investors have looked for bearish arguments since stocks have been flat or down for much of this year. This is a case of reaching for an argument which sounds good, but is […]
Trump’s Idea To Merge Education And Labor Departments Makes Sense
President Trump wants to merge the Departments of Labor and Education. That makes a lot of sense seen alongside his emphasis on apprenticeships to better equip young people with the skills needed to land good-paying jobs. Too many manufacturing, construction and service businesses can’t find the technical workers they need to expand, because the whole emphasis at the vast […]
