Author Archive: Jeremy Parkinson
Bristol-Myers Slips As Citi Says Pfizer Not Interested In Acquisition
Shares of Bristol-Myers Squibb (BMY) are slipping after Citi analyst Andrew Baum said Pfizer’s (PFE) CEO made it clear to him that the latter has no interest in acquiring the company in the absence of transformational data or a de-rating in the stock. PFIZER ‘BACKS AWAY’: After meeting with Pfizer’s CEO, COO and CSO, Citi’s […]
The Perfect Energy Storm
Markets are currently assuming that oil prices are capped right now and that with increased shale production in the US, we’re unlikely to see higher prices anytime soon. The Story of Low Oil Prices All we’ve heard from the financial news are stories about a glut of oil inventory, Puplava noted, based on the boom […]
Now Is A Great Time To Buy Bed Bath And Beyond
If you have been following Bed Bath and Beyond (NASDAQ: BBBY) stock over the last few years, you know that investors have not treated the stock well. The stock price has been trending down since mid-2015 and since mid-2017, the price has essentially been flat. Most of this is due to the fear of Amazon. If […]
This Bitcoin Price News Is A Bullish Signal For Investors
The Bitcoin price suddenly broke higher this morning in what crypto watchers are describing as a very strange sudden increase. On one hand, it looks like a chart technician correctly called for a bullish breakout, while on the other, some are crediting the sudden surge in the bitcoin price to the declaration that cryptocurrencies are […]
Treasury Sells 30Y Bonds At The Lowest Yield Since January
After two consecutive soft auctions, in the form of Tuesday’s mediocre 3Y, and yesterday’s very disappointing 10Y reopening, moments ago the US treasury sold $13BN in another 30Y reopening, which however saw a notable pick up in buyside demand, stopping at a high yield of 3.044%, stopping through the WI of 3.045% by 0.1 basis […]
Bear Of The Day: L Brands (LB)
Based on Columbus, OH, L Brands (LB – Free Report) is a retail company with Victoria’s Secret, PINK, Bath & Body Works, La Senza, and Henri Bendel included in its brand portfolio. LB operates over 3,000 company-owned specialty stores throughout the U.S., Canada, the U.K., Ireland, and China, as well as more than 800 franchised locations worldwide. The […]
March 2018 Import And Export Price Year-Over-Year Inflation Rate Advances
Year-over-year import and export price inflation moderately grew. Analyst Opinion of the Import / Export Price Situation Because of backward revisions – the year-over-year import and export prices were little changed from where we thought we were last month. Import Oil prices were down 0.6 % month-over-month, and export agricultural prices were up 0.6 %. […]
Bull Of The Day: IAC/Interactive Corp. (IAC)
IAC/Interactive (IAC – Free Report) is a media and internet conglomerate organized into four distinct groups: The Match Group, which consists of dating, education and fitness business brands such as Match.com, OkCupid, Tinder, The Princeton Review, and DailyBurn; Search & Applications, which includes brands like About.com, Ask.com, Dictionary.com, and Investopedia; Media, which comprises Vimeo, Electus, The Daily Beast, […]
EUR/GBP Breaks Key Support
After more than a year EUR/GBP broke below the key.8600 support level which more of an indication of market’s disappointment in the ECB policy than its an overall bullish call on cable. Recent data from the region has consistently hinted that economic growth may have peaked and as we noted today, “EZ IP contracted by […]
SPX Resistance May Prompt A Massive Short Squeeze
Today, I am calling the potential for a massive upside breakout move on what we believe is a massive Short Squeeze position just above resistance in the SPX. Take a look at these charts. This SPY chart showing our Advanced Adaptive Dynamic Learning Cycles and the Stage 1 basing pattern that we referenced yesterday is […]
