Author Archive: Jeremy Parkinson
Snap-on (SNA) Q1 Earnings Beat Estimates, Revenues Strong
Headquartered in Kenosha, WI, Snap-on Incorporated (SNA – Free Report) is a global provider of tools, equipment, and related solutions for technicians, vehicle service centers, original equipment manufacturers and other industrial users. The company divides its operations in four segments: Snap-on Tools Group, Commercial & Industrial Group, Repair Systems & Information Group and Financial Services segment. Snap-on’s overarching business […]
IBM Fails To Convince The Market
Over the last few quarters, IBM (Nasdaq: IBM) has been trying to recover from its streak of over five years of revenue declines. It managed to turn the growth around at the end of last year, but there is still a lot more work left to do. It recently reported its first quarter results for the […]
Earnings Season, More Doubts Emerge
The main U.S. stock market indexes were mixed between -0.2% and +0.2% on Wednesday, as investors took short-term profits off the table following recent rally. The S&P 500 index remains above the level of 2,700 and it currently trades 5.7% below its January 26 record high of 2,872.87. The Dow Jones Industrial Average lost 0.2% and the […]
DXY Index Carving Out Inside Day, Lighter Calendar Ahead
Video Length: 00:07:01 The US Dollar (via the DXY Index) is carving out an inside day thus far, with today’s high-low range coming within the high-low range established on Wednesday. Gains in USD/JPY have been offset by a rebound in GBP/USD, and with EUR/USD – the largest component of the DXY – trading flat thus far, […]
Sunrise Over The Horizon
Good morning, everyone. I got up extremely late (6:20 a.m.; I have no ideas why my dogs let me sleep in) so this is going to be super quick. I can just say this: it is such an absolute delight to wake up to this: instead of THIS goddamned thing: I can’t even remember the […]
BB&T’s (BBT) Q1 Earnings & Revenues Beat Expectations
Have you been eager to see how BB&T Corporation (BBT – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning: An Earnings Beat BB&T came out with adjusted earnings per share of 97 cents, which beat the Zacks […]
International Business Machines Stock Shares Faced Worst Day In 5 Years
International Business Machines Corporation saw its shares plunge 7.5% on Wednesday during midday trade. The company announced its earnings for first quarter of fiscal 2018 on Tuesday. The earnings appeared to edge above Wall Street expectations and provided a downbeat outlook to some degree. The performance of the company’s stock on Wednesday was the worst since Apr. 19, […]
A Slight Beat For The Philly Fed
The Philadelphia Fed’s monthly report on manufacturing came in slightly better than expected for April. While economists were expecting a slight decline to 21.0 from last month’s reading of 22.3, the actual reading showed a slight increase to 23.2. From a bigger picture perspective, the headline report has been positive for 23 straight months now, […]
Stock Charts Today – Thursday, April 19
A review of today’s commodities, stocks, ETFs and stock market indexes. Video Length: 00:10:28
Apple Slides After Taiwan Semi Blames “Very High-End Smartphone” For Unexpectedly Poor Guidance
In the latest confirmation that earnings from Apple are set to disappoint, perhaps bigly, overnight, the world’s largest semiconductor producer, Taiwan Semiconductor, reported disappointing guidance, with management blaming a “very high-end smartphone” prompting renewed questions about the collapse in global iPhone demand. The market wasted no time to price in the ongoing decline in demand for $1000+ iPhones […]
