Author Archive: Jeremy Parkinson
JP Morgan: 5 Top Stocks For The AI Explosion
JP Morgan’s research team has just published an investor report revealing its top AI stock picks, shows CNBC. These are 5 of the firm’s ‘buy-rated’ stocks that should profit from the huge growth in AI. “We are at a pivotal point for its adoption today due to the availability of big data, high-powered computing and […]
Third-Quarter GDP Hits Consensus 3.3% Estimate
The BEA reported the second estimate of third-quarter GDP was 3.3%. The report matched the Econoday consensus. Real gross domestic product (GDP) increased at an annual rate of 3.3% in the third quarter of 2017 according to the “second” estimate released by the Bureau of Economic Analysis. Real gross domestic income (GDI) increased 2.5% in the third […]
Regal Entertainment Group Shares Halt Then Catch A Buyout Offer After-Hours
Regal Entertainment Group (NYSE: RGC) For the majority of Americans, you can pretty much bet that they have been in a building that is owned and operated by Regal Entertainment Group. You see, this is one of the largest cinema production companies in the world and in the US. They operate movie theaters in 42 […]
Cesca Therapeutics Inc. Announces Pricing Of Public Offering Of Up To 900,000 Shares Of Common Stock
RANCHO CORDOVA, Calif., Nov. 29, 2017 (GLOBE NEWSWIRE) — Cesca Therapeutics Inc. (“Cesca”) (Nasdaq:KOOL) a market leader in automated cell processing and point-of-care, autologous cell-based therapies, today announced that it has priced a best efforts registered public offering of up to an aggregate of 900,000 shares of the Company’s common stock at a price to […]
We Still Need Bank Branches
For many years we have had discussions about bank branches and a branchless future. I personally don’t believe in a branchless future, but many do. And yes, there are many branches disappearing, much to the annoyance of those who lose that physical store. For example, America still has a large number of branches (32 per 100,000 people) and […]
ETH/USD > $500 – Ethereum Getting Carried After Bitcoin
Bitcoin is not alone in setting new records at very round levels. The price of the second most popular cryptocurrency, Ethereum, is trading above $500. The high so far is $548 but liquidity remains relatively low. The rise today is 8%, below the advance of around 13% that bitcoin is experiencing. But looking at the […]
Chipotle Stock Is Toxic And Should Be Avoided
Sometimes when a stock gets beaten down, investors think it becomes a value play. They feel as though they can pick up some shares on discount, ride the stock back up, and sell out of their position, making a nice profit along the way. Some investors feel this way about Chipotle. Chipotle (NYSE: CMG) was the […]
Q3 GDP Second Estimate: Real GDP At 3.3%
The Second Estimate for Q3 GDP, to one decimal, came in at 3.3% (3.30% to two decimal places), an increase over 3.1% for the Q2 Third Estimate. Investing.com had a consensus of 3.2%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release: Real gross domestic product (GDP) increased at an annual […]
EC Merkel Matters
German Chancellor Angela Merkel faced a crisis when coalition talks broke down on November 19th. Germany could have endured months of political uncertainty, and it suddenly became possible that Merkel would be forced to resign. The German public and the world awoke to find that the continuation of Germany’s solid, centrist government was threatened. Germany’s […]
Is This Why Tech Stocks Are Tumbling?
Is this what happens when the bag-holder-of-last-resort is removed from the market? As we detailed earlier in the year, institutions and hedge funds have been using this exuberant rally in stocks to dump their holdings to retail admirers. So what happens when arguably the largest retail brokerage – where all the “useful idiots” reside – goes down? As […]
