Author Archive: Jeremy Parkinson
Pound Rally Halts After CPI
The British Pound continues to lose momentum with the recent rally now far in the rear view mirror. The latest economic data was generally mixed, with market moving events failing to gain any impetus. The UK Office of National Statistics reported that December’s core inflation rate for December met analysts’ expectations at 3.0% (year-over-year), falling […]
E Will U.S. Credit Conditions Slowly Apply The Brakes To Economic Growth?
Amidst the excitement about the worldwide growth prospects for 2018, it important to keep in mind what fuels economic expansion – namely, a steady increase in bank credit to the private sector. Despite optimism on economic growth among forecasters, there are signs of tighter monetary conditions appearing everywhere. The U.S. monetary authorities are applying brakes, […]
Billion Dollar Unicorns: Why Cloudera Continues To Stumble
Photo Credit: techmsg/Flickr.com According to a report published by SNS Research late last year, the global Big Data hardware, software, and professional services markets were estimated to grow to $57 billion last year. The researcher estimates that through the period 2020, the market will grow 10% annually to $76 billion. Big Data vendor and Billion Dollar Unicorn club member […]
Why Is Urban Outfitters Likely To Sustain A Bull Run In 2018?
Urban Outfitters, Inc. (URBN – Free Report) looks quite appeasing on its strategic initiatives like store-expansion efforts, increase in direct penetration growing wholesale operations, technology advancements and merchandising improvements, among others. Recently, the company delivered upbeat holiday sales, where all its three brands reported rise in comparable store sales (comps) for the month of November and December. In […]
Has EURUSD Made A Turn?
After a massive 400 pip rally over the past week, the euro finally ran into a wall at the 1.2300 level. The pair sold off all night long in Europe and early North American trade on news that the Merkel-SPD coalition talks have hit a snag. As we noted earlier, “So far only the Berlin […]
USD/JPY Risks Larger Rebound On Growing Bets For March Fed Rate-Hike
USD/JPY snaps the recent string of lower lows, with the dollar-yen exchange rate at risks of staging a larger recovery should Federal Reserve officials boost expectations for a March rate-hike. While the Federal Open Market Committee (FOMC) is widely anticipated to retain the current policy at the next interest rate decision on January 31, Fed Fund Futures now highlight […]
Former Bear Says Buy Twitter As Growth Returns, Takeover Potential Rises
Aegis analyst Victor Anthony upgraded Twitter (TWTR) two notches to Buy, saying he sees 2018 as an inflection point in owned and operated advertising and foresees a return to double-digit growth in that area the following year. Additionally, Anthony believes Facebook’s (FB) decision to de-emphasize public content makes Twitter a more valuable resource for video […]
Moody’s: Massive Population Outflow Will Hit Puerto Rico’s Recovery
Burdened by $120 billion in combined bond and pension debt, Puerto Rico filed the most significant US municipal bankruptcy in history last May. Following this collapse, the region’s finances are now under the management of a seven-member board appointed by federal lawmakers, who are trying to engineer Puerto Rico’s Recovery. A blueprint for the region’s turnaround was expected […]
Stocks Slammed As VIX Spikes To 1-Month High
The Dow has tumbled back below 26,000 and all major US equity markets are stumbling notably after their exuberant open as VIX extends its pre-market ramp above 11 to its highest in 5 weeks… VIX topped 11… And US equity futures are quickly giving back the long-weekend’s gains… Notably, Morgan Stanley points oiut that over the […]
AveXis Announces Proposed Public Offering Of Common Stock
CHICAGO, Jan. 16, 2018 (GLOBE NEWSWIRE) — AveXis, Inc. (Nasdaq:AVXS) today announced that it intends to offer and sell, subject to market conditions, up to $400 million of shares of its common stock in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to […]
