Author Archive: Jeremy Parkinson
Factor Investing: Gross To Net Returns
From Theory to Reality Summary: Long-short multi-factor portfolios generate attractive returns before fees Post fees charged historically returns are much less attractive However, some fees in the long-short space are likely justified given higher complexity INTRODUCTION Reality is the murder of a beautiful theory by a gang of ugly facts (Robert Glass, 2002). Factor investing […]
Indian Indices Continue Rally, WPI Slows In December, And Top Stocks In Action
On Monday, share markets in India opened in green and ended on a positive note. The BSE Sensex closed higher by 251 points to end at 34,843, at all -time high levels. While the broader NSE Nifty ended the day higher by 60 points to close at 10,742. Among BSE sectoral indices, bank index rose […]
Some Thoughts On This Global Economic Recovery Amidst Longer-Term Economic Uncertainty
We are in a relatively unique period right now. For the first time in several years, we are seeing economic growth everywhere in the global economy. No one is talking about recession. It’s just the opposite; people are raising economic forecasts and worried about overheating. And wage growth seems to be headed in the right […]
Barclays Likes American Axle, Fiat Chrysler In ‘Back-To-Basics World’
After the Consumer Electronics Show focused on autonomous driving, Barclays analyst Brian Johnson expects the North American International Auto Show in Detroit “will get back to the here and now earnings drivers.” The focus will be on trucks, tariffs, and taxes, Johnson tells investors in a research note on the U.S. Autos & Auto Parts […]
Schlumberger Earnings Preview
Schlumberger (SLB) reports Q4 earnings January 19th. Analysts expect revenue of $8.13 billion and eps of $0.45. The revenue estimate implies about 3% growth sequentially. Investors should focus on the following key items: North America Land Drilling May Still Have Legs North America land drilling has been white hot. In Q3 2017 Schlumberger received 33% […]
Healthcare Investing Ideas Big And Small
A delayed flight and a misplaced ticket from the airport parking lot postponed the reunion with my bed. I had woken up at 5 a.m. to catch my flight home from an exhausting and informative week at the J.P. Morgan Healthcare Conference. It’s an exclusive event that is considered to be the Super Bowl of […]
E Bitcoin Cash Prices Consolidate; Await Direction
Bitcoin cash prices ended much unchanged for the past week as the cancellation of trading of BCH on GDAX, though temporary, and the fact that the user experience continues to face difficulties, has added to the pressure on the prices so far. The BCH prices have not been able to see the buoyancy that has […]
Top & Flop ETFs Of The New Year
The strong momentum seen in 2017 continues this year with stock markets across the globe witnessing an upside. MSCI World Index has risen in eight of the nine trading sessions so far this year. This is primarily thanks to an uptick in global economic growth, low inflation, tightening monetary stance by major central banks, and […]
HH The 48-Year Record Of Platinum:Palladium Ratios
In today’s precious metals analysis, I focus on platinum-palladium prices and ratios over the past 48 years. A monthly average price chart for both metals from January 1970 to December 2017 is shown below. Note that while platinum was free-trading, palladium was fixed at $35-36/oz until mid-1972. We use London pm closing prices from Kitco.com. […]
Bi-Weekly Economic Review: A Weak Dollar Stirs A Toxic Stew
Economic Reports Employment We received several employment related reports in the first two weeks of the year. The rate of growth in employment has been slowing for some time – slowly – and these reports continue that trend. The JOLTS report showed a drop in job openings, hires and quits. The Fed has been talking […]
