Author Archive: Jeremy Parkinson
US Equities Deja-Dump All Over Again As VIX Tops 12
Dow up 150 points overnight… and stocks dump at the cash open – it’s deja vu all over again. Dow remains below 26k… And is the only major index green on the week… And unlike recent times, VIX is not instantly reverting lower, but extending its spike back above 12…
Vacillation And Vaseline
Yesterday’s sharp and unexpected sell-off in equities has, as required by federal statute, largely reversed. Hopefully in a week when earnings season kicks in full-blast, we’ll get some more fundamentally-based direction that sticks as opposed to all this zany “will the government shut down” nonsense. In any case, it’s a bizarre funhouse ride so far: […]
The Tax Cut Benefits For Corporations Are Now More Clear
Now that the Trump tax cuts have been passed and US companies have had the opportunity to incorporate the changes into their projections, we are starting to see big payoffs. The financial sector will be a big beneficiary. But the corporate tax cut may also act as an incentive for companies to domicile in the […]
Bank Of America Corp Q4 2017 Earnings Boost Shares
Bank of America Corp (NYSE: BAC) released its latest earnings report before opening bell this morning. Bank of America Q4 2017 earnings came in at 47 cents per share on an adjusted basis, while revenue amounted to $20.4 billion, net interest expenses. Consensus estimates were 45 cents per share and $21.49 billion in revenue. In […]
Sweat, Blood And Tears
On Tuesday, crude oil hit a fresh 2018 high of $64.89, but then reversed and declined very quickly, erasing most of Friday increase. What encouraged oil bears to act and how did this decline affect the short-term picture? Yesterday, the Energy Information Administration said that U.S. oil output is expected to continue its rise to […]
Schwab (SCHW) Beats Q4 Earnings On Higher Interest Income
The Charles Schwab Corp.’s (SCHW – Free Report) fourth-quarter 2017 adjusted earnings of 44 cents per share surpassed the Zacks Consensus Estimate of 41 cents. Results exclude one-time tax expense of 3 cents per share related to the tax act. Also, earnings increased 22% from the prior-year quarter. However, Schwab’s shares were down nearly 1.3% in early […]
4 Great Healthcare Stocks To Buy Ahead Of Q4 Earnings
Given that repealing and replacing Obamacare was on the top of the Trump administration’s agenda, the healthcare sector exited 2017 quite creditably. Such gains are likely to continue with the Health Care Select Sector SPDR (XLV) up 23% over the last one year, a shade higher than the S&P 500’s increase of 22.1%. Also, though […]
December 2017 Headline Industrial Production Improvement Trend Continues
The headlines say seasonally adjusted Industrial Production (IP) was up. The manufacturing segment of industrial production also improved. Analyst Opinion of Industrial Production There was insignificant revision to the existing data over the last 6 months. The best way to view this is the 3 month rolling averages which improved. Industrial production is in a […]
Crypto-Crash — Total Market Cap Down Nearly 50% In A Week
It has been a rough week for cryptocurrencies. Using data from coinmarketcap.com, below is a chart of total crypto market cap over the last year. After eclipsing the $800 billion mark in the first week of 2018, total crypto market cap has fallen 44% to below $500 billion over the last 10 days. Yes — a […]
Morning Call For Wednesday, January 17
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.34%) are up +0.37% on optimism a House Republican stopgap spending plan can be passed to keep the government open through Feb 16. House Speaker Ryan is attempting to garner enough support for the spending bill that may come up for a vote in the House on Thursday. […]
