Author Archive: Jeremy Parkinson
Advanced Micro Devices Shares Slip Lower On Security Threats
Advanced Micro Devices, Inc. (AMD) Shares of AMD had a regular trading session on Thursday, January 11th, 2017. Shares traded in their daily average range and closed up 18 cents on the day at $12.14. However, news was announced by the company in the after market hours that that drove this year’s down nearly 4%. She has […]
Retail Sales, Consumer Sentiment, And The Aftermath Of Hurricanes
Consumer confidence has been sky-high for some time now, with the major indices tracking various definitions of it at or just near highs not seen since the dot-com era. Economists place a lot of emphasis on confidence in all its forms, including that of consumers, and there is good reason for them to do so; […]
GBP/USD: Bullish, Resumes Short Term Uptrend
GBP/USD: The pair faces further move higher as it builds up on its Thursday gain. Support lies at the 1.3600 level where a break will turn attention to the 1.3550 level. Further down, support lies at the 1.3500 level. Below here will set the stage for more weakness towards the 1.3450 level. Conversely, resistance stands […]
Energy ETF (IEO) Hits New 52-Week High
For investors seeking momentum, iShares U.S. Oil & Gas Exploration & Production ETF (IEO – Free Report) is probably on radar now. The fund just hit a 52-week high and is up nearly 36% from its 52-week low price of $50.49/share. But are more gains in store for this ETF? Let’s take a quick look at the fund […]
Electronic Arts Downgraded On Reduced ‘Star Wars’ Estimates At Morgan Stanley
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Electronic Arts to Equal Weight from Overweight after disappointing “Star Wars: Battlefront 2” third party data led him to lower his Star Wars unit estimate in Q3 to 10M from 13M. He adds that he doesn’t expect any microtransactions from Star Wars until Q4 and that […]
Infosys Beats On Q3 Earnings & Revenues, View Intact
Infosys Limited (INFY – Free Report) has braved formidable odds like contracted IT spending and unfavorable political climate in the United States to deliver earnings beat in third-quarter fiscal 2018. The company reported earnings per American Depository Share (“ADS”) of 35 cents for the quarter, which topped the Zacks Consensus Estimate of 25 cents and was up 45.8% […]
2018 IPO Prospects: AirBnB More Than Halfway Ready To List
If there is one Billion Dollar Unicorn that has never been in a rush to go public, it is AirBnB. The ten-year old company has taken to heart Warren Buffett’s mantra of “get rich slow”. After carefully planning its financial and operating model, AirBnB believes that it will be ready to go public this year. AirBnB’s Growth […]
January Rally May Be Taken Out In January
The recurring 20 week low is due within this general time frame. Last seen on August 21, 2017, it generally runs about 100 trading days. For it to sync with the 16 TD low due around Jan 24 it needs to be topping this week. Ideally, the low should hit about January 25th and top […]
ECRI Weekly Leading Index Update: Another Record High For WLI
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.6, up 0.6 from the previous week and at another record high. Year-over-year the four-week moving average of the indicator is now at 2.19%, down from 2.46% last week. The WLI Growth indicator is now at 3.3, down from […]
U.S. Inflation Beats Target; Rises 2.1% In December
The U.S core inflation rose unexpectedly in December to reinforce the possibility of the Federal Reserve raising interest rates many times in 2018. The core consumer price index climbed 1.8 percent from a year earlier in December, according to the Labor Department report published on Friday. On a monthly basis, the core CPI rose 0.3 […]
