Author Archive: Jeremy Parkinson
WTI/RBOB Extend Losses After Big Surprise Crude, Gasoline Build
WTI/RBOB flatlined after last night’s bigger-than-expected crude build from API, but both has slipped lower since Europe opened ahead of the DOE data. Prices extended their losses after DOE confirmed a much bigger-than-expected crude build (+6.22mm vs +1.23mm exp) and surprise gasoline build. API Crude +3.427mm (+1.23mm exp) Cushing +725k Gasoline +1.602mm Distillates -4.083mm DOE Crude +6.218mm (+1.23mm exp) […]
SodaStream (SODA) Beats Q1 Earnings & Revenues Estimates
SodaStream International Ltd. (SODA – Free Report) makes beverage carbonation systems which transforms tap water into soft drinks and sparkling water. The growing popularity of sparkling water is driving SodaStream, as its cost-effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water. Investors should also note that earnings estimates for 2018 have […]
Seagate Technology Shares Down Despite Strong Third-Quarter Earnings
Seagate Technology (Nasdaq: STX) Seagate Technology stock had a bad day on the Nasdaq stock market on Tuesday after announcing its third-quarter earnings for fiscal 2018. Although the company’s earnings beat all estimates that analysts had earlier put forward, they did not seem to please investors and that sent the stock crumbling as soon as they were […]
Alphabet Counting On YouTube, Cloud, And The Smart Home
Alphabet (Nasdaq: GOOG) recently announced its first quarter results. The revenues for the quarter outpaced market expectations, as the company continued to drive growth through its growth engines of YouTube, Cloud, and Smart Home. Alphabet’s Financials Alphabet’s adjusted first quarter revenues grew 26% over the year to $27.8 billion, significantly ahead of the Street’s forecast of […]
The Bulls Are Struggling To Rally The Market
My Swing Trading Approach I remain cautious here, as the bulls are struggling to rally the market substantially higher. Plenty of choppiness in the market. I don’t see myself adding any more than 1-2 new positions to the portfolio if conditions permit. Indicators VIX – After a 2.8% decline yesterday, VIX is retesting the trend-line off […]
20 Years Later… It’s Deja Vu For The Euro
From early 2017 to 2018, the Euro Currency rocketed higher by more than 20 percent. And, you guessed it, the U.S. Dollar took it on the chin. But if history is any guide, this rally may be in the midst of a “turn” lower! Looking at the chart below, you can see blue-shaded triangle patterns that both […]
Fed Hiking Into Weakening Economy
The economy is seeing a modest pickup in inflation even as GDP growth slowed to 2.3% in Q1 of 2018. That puts the Fed in a difficult position as it balances the dual mandate of having stables prices and maximum employment. One of the latest critiques of the Fed is that by raising rates after […]
CVS Health (CVS) Beats On Q1 Earnings, Revenues Lag Estimate
Ever bought medicines or cosmetics over the counter? Yes, then you may have walked into one of the 9,800 retail CVS/pharmacy stores of the largest pharmacy healthcare services provider in the U.S.–CVS Health Corporation (CVS – Free Report) . This Rhode Island-based company has more than 900 walk-in medical clinics–CVS/MinuteClinic and currently possesses a customer satisfaction rate of […]
Build It And They Will Come; Sell It And It Will Be Bought
The US is undertaking a great experiment. What happens when a large serving of fiscal stimulus is provided to an economy that as already growing above trend, with nearly full employment and price pressures near target? Judging from the recent string of data, including Q1 GDP, the effects of the tax cuts are not yet […]
Chipotle Chart Is Serving Up Profits
Don’t look now, but the Chipotle chart has been strong lately – and all signs point toward higher prices ahead. It’s been quite a turnaround for this fast-casual restaurant concept, which was plagued by endless bad news for a while. Last week’s earnings report was solid, and they offered strong guidance. This first report under their […]
