Author Archive: Jeremy Parkinson
Tech-Stock Momentum Accelerates
Technology shares have surged recently, leaving the rest of US equity sectors in the dust, based on a set of ETFs. Sector leadership appeared to be shifting to tech from financials at the end of last month. Nearly four weeks later, the transition is complete and there’s no doubt which sector dominates the upside momentum rankings for […]
3 Top-Ranked Mutual Funds From JP Morgan
JPMorgan is one of the best financial management companies in the world. It has a legacy of investment management since 1865. Also, JPMorgan is the eighth-largest mutual fund firm in the United States and prides itself as the nation’s leader in equity fund flows. JPMorgan offers managed accounts and retirement products. The company has pioneered […]
Deutsche Cuts Merck Target To $59 On Competition From AbbVie, GSK
Deutsche Bank analyst Gregg Gilbert lowered his price target for Merck (MRK) to $59 from $62 citing expectations for more competitive pressure on Zepatier and Zostavax. The stock closed Wednesday up 10c to $54.37. Demand trends for Merck’s hepatitis C virus drug Zepatier have continued to decline as AbbVie’s (ABBV) Mavyret has gained traction, […]
Morning Call For Friday, November 24
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.26%) this morning are up +0.24% at a new record nearest-futures high and European stocks are up +0.77% at a 1-1/2 week high on optimism in the global economic outlook after the German Nov IFO business climate unexpectedly rose to a record high. Strength in energy stocks is […]
Higher Oil Prices Slowing Saudi Reform?
In October, the IMF released a report projecting that by 2020 Saudi Arabia may get a budget boost of more than $90 billion from new taxes and the planned reform of fuel subsidies and prices. This fiscal boost is expected to come as a result of the Kingdom’s efforts to restructure its economy, away from oil to […]
Rail Week Ending 18 November 2017: Economically Intuitive Sectors Improved
Week 46 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion and the rolling average growth rate was statistically unchanged. Analyst Opinion of the Rail Data We review this data set to understand the […]
Why Investors Should Not Touch General Electric Stock
General Electric stock is down more than 40% year to date and is at a six-year low. Meanwhile, the Dow Jones industrial average stock market index has returned about 19% so far this year. Not surprisingly GE is the worst performing Dow component in 2017. The stock has been in free fall recently because it’s earnings […]
S&P Futures Hit Record High As European Euphoria Takes Over Forgotten China Rout
Yesterday’s China stock market rout, in which the Shanghai Composite tumbled the most since June 2016 to three month lows, and which prompted traders to question the dedication of Beijing’s plunge protection team, appears to have been forgotten, with the Composite closing unchanged on Friday after some early session weakness, as Chinese yields declined broadly across the board […]
Australia’s Housing Market Over 4 Times Size Of Economy, US Is Under 2
Congratulations to Australia for having the biggest housing market relative to the size of its economy. BusinessWeek notes the value of the Australia’s homes has ballooned to A$7.3 trillion ($5.6 trillion) — or more than four times gross domestic product. Not even the U.S. and U.K. markets achieved such heights at their peaks a decade ago […]
There Is Still A Phillips Curve In The USA Too
Has the Phillips curve vanished? There is widespread discussion of the possibility that the Phillips curve has become horizontal. I am old enough to remember when all serious economists agreed that, in the long run, it is vertical. The reason for the thought that it might be horizontal is that large important countries have unemployment […]
