Author Archive: Jeremy Parkinson
Emerging Markets: What Changed – Friday, April 13
(from my colleague Dr. Win Thin) In the EM equity space as measured by MSCI, Colombia (+5.5%), Hong Kong (+2.7%), and Mexico (+2.6%) have outperformed this week, while Russia (-11.6%), Turkey (-4.5%), and Brazil (-2.3%) have underperformed. To put this in better context, MSCI EM rose 0.6% this week while MSCI DM rose 1.8%. In […]
The 20-Day Moving Average Was Broken Yesterday
My Swing Trading Approach I added one new position, while subtracting another, Bank of America (BAC), for a 4.2% profit. I will look to add one additional position before the end of the day today, should the market hold up. Indicators VIX – VIX breaking down with its lowest closing since March 21st. Down 8,7% yesterday, and breaking down through […]
February 2018 Headline JOLTS Job Openings Unchanged
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings modestly declined. The headline view was little changed. Analyst Opinion of JOLTS Data The headline seasonally adjusted view shows little change in […]
McDermott (MDR) Provides Q1 Operational Update, Stock Jumps
McDermott International, Inc. MDR recently provided an encouraging first-quarter 2018 operational update, while reaffirming its guidance for the whole year. The company thanked solid backlog conversation in its operational areas along with successful execution of its cost-saving plans for the positives. Following the news, the stock jumped 6.7% in the last session. The company expects its top […]
Relentless Yield Curve Flattening
Most economists expect the Fed will hike at least twice more this year. If so, portions of the yield curve may invert. Basis Point Spreads 3-month to 1-year: 36 1-year to 2-year: 23 2-year to 3-year: 15: 3-year to 5-year: 19 5-year to 10-year: 16 1–year to 30-year: 32 If the fed hikes twice more […]
Zillow Falls After Announcing House Flipping Plans, Competitor Redfin Declines
Shares of Zillow (Z, ZG) dropped in morning trading after the company announced plans to enter the home-flipping business just in time for the Spring selling season. Zillow, which has focused on just the listing part of the real estate business, announced last night along with quarterly and yearly revenue, that it will expand Zillow Instant […]
Banks, Boeing Batter Stocks Into Red
It all looked so rosy before the open. Banks were up, Boeing was up, The Dow was up… but then humans read the real details under the bank earnings, finally read about Russian sanctions, and saw headlines suggesting China did not fold on Trade Wars… Boeing is ugly… Banks have all turned red… And […]
Michigan Consumer Sentiment Slips In April
The University of Michigan Preliminary Consumer Sentiment for April came in at 97.8, down 3.6 from the March Final reading of 101.4. Investing.com had forecast 100.6. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment slipped in early April, largely reversing the gains recorded in the prior two months. The small decline was […]
Billion Dollar Unicorns: Can Splunk Sustain Its Price Point?
A recent Market Research Future report estimates the global data analytics market to grow to $159 billion at a CAGR of 31% by the year 2022. Billion Dollar Unicorn club member Splunk (Nasdaq: SPLK) is counting on this growth as it continues to grow inorganically. Splunk’s Financials Splunk’s fourth quarter revenues grew 37% over the year to $419.7 million, […]
3 Best Deutsche Mutual Funds For Impressive Returns
As of Sep 30, 2017, total global assets of Deutsche Asset & Wealth Management were $371 billion, while their total U.S. assets were $68 billion. Founded in 1919, it is one of the world’s leading financial management companies. The fund family manages a wide variety of domestic mutual funds and variable insurance portfolios. Deutsche Asset […]
