Author Archive: Jeremy Parkinson
Earnings Season, Godsend For Bulls
The U.S. stock market indexes lost 0.4-0.9% on Wednesday, retracing some of their Tuesday’s move up, as investors’ sentiment worsened again following Syrian conflict escalation worries, among others. The S&P 500 index is currently trading 8.0% below its January 26 record high of 2,872.87. The Dow Jones Industrial Average lost 0.9%, and the technology Nasdaq Composite lost […]
April Headlines: Geopolitics, Trade War, Volatility, Data Privacy. What About Opportunities?
April started with a bang. The market is showing some considerable signs of increasing volatility, which could be quite sudden some of the times, not to mention surprising. Over the past few weeks, there’s been a series of events, some of them caused by geopolitics, others caused by trading relations uncertainty, and others caused by technology advancing […]
Wars And Rumors
Oil prices have the potential to react strongly to supply disruptions because U.S. oil supply is below the five-year average. Crude prices surged to five-year highs after President Trump vowed to retaliate against Syria for a Chemical Weapons attack and taunted Russia about their threat to shoot down U.S. missiles if they were used against […]
Twitter Investors Urge It To Report On Steps It’s Taking To Combat Fake News
A group of Twitter shareholders is urging the company for an update on how it is fighting fake news, abuse, and to specify the regulatory risk it faces. Twitter’s board responded that the company is “taking action.” The New York State Retirement Fund and Arjuna Capital have filed a shareholder proposal that would encourage Twitter […]
Delta Air Lines Beats On Q1 Earnings
Delta Air Lines, Inc. (DAL – Free Report) reported first-quarter 2018 earnings per share (excluding 3 cents from non-recurring items) of 74 cents, beating the Zacks Consensus Estimate of 73 cents. Earnings, however, decreased 3.9% on a year-over-year basis. How Was the Estimate Revision Trend? Investors should note that the earnings estimate revisions for Delta depicted a […]
Facebook: Bullish Testimony, Stock Turning Point
Picture Source Facebook (FB Stock): Buy Rating I wanted to review my thoughts following Mark Zuckerberg’s testimony to Congress. Many of these thoughts we brought up in chat to subscribers but I wanted to get my thoughts out more officially and to anybody not on chat. Bullish Testimony I came away bullish from the testimony […]
Hong Kong Intervenes, Fails To Rescue Dollar From Breaking Peg
Having broken the lower limit of its currency peg band overnight, The Hong Kong Monetary Authority bought the local currency overnight for the first time since the current peg was imposed in 2005. However, the HK$816mm bought failed to move the needle… An initial bounce has entirely faded and HKD is once again testing its lower band limits… […]
Dollar Struggles As Concerns Grow
The US Dollar Index was higher at 89.751 .DXY, but still remains close to a 2-week trough as investors’ cautious nature prevails. Traders are worried about Donald Trump following through on his tweets yesterday which suggested military action for the recent gassing of citizens in Syria. Those geopolitical concerns did help to shift the concerns […]
Doc Copper Could Be Creating A Topping Pattern
Doc Copper has spent the majority of the past 7-years inside of falling channel (1). It has done very well the past 3-years, as it has rallied over 70% since hitting channel support in 2015. The 3-year trend is up and nothing of late has changed the intermediate trend. This strong rally now has […]
US Dollar Up, Gold Down As Trump Backtracks On Russia And Syria
The US Dollar (via the DXY Index) is trading slightly higher this morning, building on its gains from late in the day yesterday, as market participants have seen an unwind of the conditions that initially dropped it lower this week. Following a hot March CPI report, the March FOMC minutes indicated that policymakers were leaving open the […]
