Author Archive: Jeremy Parkinson
Here Come The Cryptocorns
In recent years, venture capitalists have used the term “unicorn” to describe the statistical rarity of a startup that’s achieved a $1 billion valuation. However, these “mythical” startups are no longer uncommon. Globally, there are now 276 companies with the billion-dollar unicorn designation. Some of them are already household names, like Uber, Airbnb, Pinterest and […]
Facebook Tumbles After Zuckerberg Warns Of Lower “Engagement”
Facebook has erased most of its year-to-date gains in pre-market trading as investors see CEO Zuckerberg’s decision to shift news feeds to personal posts and away from businesses and media outlets creating a risk to the company’s financial performance. Zuckerberg’s decision to shift news feeds to personal posts and away from businesses and media outlets Facebook is making major […]
Wells Fargo & Co Q4 2017 Earnings Results Miss Estimates
Wells Fargo & Co (NYSE: WFC) released its Q4 2017 earnings results before opening bell this morning. Wells Fargo Q4 2017 earnings came in at $1.16 per share on $22.1 billion in revenue, compared to the consensus estimates of $1.23 per share and $22.45 billion in revenue. In the year-ago quarter, the firm reported earnings […]
Retail Sales Growth Improves In December 2017?
Retail sales were up according to US Census headline data. The unadjusted rolling averages declined. Analyst Opinion of Retail Sales Things to consider when viewing this data: it is not inflation adjusted. the three month rolling averages of the unadjusted data marginally declined our analysis says this month’s growth was near average for the growth […]
December Retail Sales: Up 0.4% MoM
The Census Bureau’s Advance Retail Sales Report for December released this morning showed an increase over the November figures. Headline sales came in at 0.4% month-over-month to one decimal. Today’s headline number was at the Investing.com consensus of 0.4%. Core sales (ex Autos) came in at 0.4% MoM. October and November figures were revised. Here is the […]
How The Fiduciary Rule Can Make You Money
The Post-DOL world is here. Despite delays, certain elements of the fiduciary rule are already in place. With full implementation scheduled for July 2019, figuring out how to deal with the fiduciary rule is the top priority for many firms and advisors. Here’s how you turn this regulatory bombshell to your advantage. Don’t Fight the Inevitable Many […]
BlackRock’s (BLK) Q4 Earnings Beat Estimates, Expenses Rise
BlackRock, Inc. (BLK – Free Report) posted fourth-quarter and full-year 2017 results. Adjusted earnings for the quarter came in at $6.24 per share, which outpaced the Zacks Consensus Estimate of $6.08. Also, the bottom line came in 21% higher than the year-ago quarter. Results benefited from an improvement in revenues, rise in assets under management (AUM) and steady […]
The Risks Of Being A One-Product Company
Look no farther than the performance (even in this ridiculous market) of GoPro… …or FitBit…
Then There Is The Dollar
Oil prices pulled back after Brent Crude hit its $70 objective and Chinese crude oil imports hit a record high but was a bit shy of expectations, but still strong as global demand is surging, global supply is falling and then there is the dollar. The dollar index hit the lowest level since September and […]
Euro Advances To Three Year High On German Coalition Agreement
The Euro jumped to a three-year high on Friday following the preliminary agreement reached by Angela Merkel led political party with another party to form a coalition government that has stalled the administration for months. The Euro rose against most of the G10 currencies after the report was made public, breaking the 1.2116 resistance level for […]
