Author Archive: Jeremy Parkinson
5 Fidelity Funds To Buy On Phenomenal Manufacturing Data
Per the latest report from the Institute of Supply Management, the ISM Manufacturing Index surged to reach its highest settlement in the last two years. Such an increase was made possible by an increase in factory activity. Moreover, economists feel that the new tax code would also help manufacturing activity in 2018 as it positively […]
The Market: Where It’s At
Just a trio of charts with a few words on each. Oil has had a tremendous rise for half a year; I think crude could get as high as $67 or so, but it seems to me it’s time for a temporary breather and small retrace. Gold simply can’t seem to make up its mind. […]
The Most Active Equity Options And Strikes For Midday – Friday, January 5
Top Tickers For Midday January 5
Payrolls Hit The Trifecta Of Awful
Last year was an objectively bad year for American workers. The latest payroll figures from the BLS for December 2017 fill out what was an awful picture. According to its Establishment Survey, the data that’s taken as the definitive source on the US labor market, total payrolls expanded by 2.055 million in 2017. That annual […]
Ripple Is Crashing
Since we questioned the reality of the ramp in Ripple yesterday, the so-called ‘bankstercoin’ has collapsed – erasing most of its 2018 gains… It appears that crypto investors are rotating back to the ‘safety’ of Bitcoin as Ethereum and Litecoin are also seeing selling pressure today…
Slower Expansion In Non-Manufacturing ISM And Markit Services PMI
Business activity growth softened to a 7-month low in Dec. according to Markit. ISM expansion was less than expected. The Institute for Supply Management reported the ISM Non-Manufacturing Index at a solid 55.9. Economists, expected a rise of 0.2 percentage points to robust 57.6. Markit Services PMI Unlike the ISM, Markit provides much more commentary on it Services […]
December Jobs Report: Late Cycle Mediocre Growth Reasserts Itself
HEADLINES: +143,000 jobs added U3 unemployment rate unchanged at 4.1% U6 underemployment rate rose +0.1% from 8.0% to 8.1% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but Want a Job Now: rose +43,000 from 5.265 million to 5.308 million Part time for economic […]
Morgan Cautious On Fitbit Ahead Of CES, While Roth Says Stock ‘Misunderstood’
Shares of Fitbit (FIT) are in focus in morning trading following a cautious report from an analyst at Morgan Stanley, who lowered his price target on Fitbit ahead of the Consumer Electronics Show in Las Vegas. In contrast, Roth Capital initiated coverage of the stock, saying that the value of Fitbit’s loyal installed base has […]
Commodities And Stocks Take The Lead As Dollar Lags
The year started on a high note with positive data from China, Europe, the United States, and other emerging markets (EM). During the week, we saw an increase in trading volumes as investors came back from the long holiday. The equities, commodities, and forex markets saw major movements during the week. In the United States, […]
Novan Announces Pricing Of $38.0 Million Offering Of Common Stock And Warrants
MORRISVILLE, N.C., Jan. 05, 2018 (GLOBE NEWSWIRE) — Novan, Inc. (“the Company” or “Novan”) (Nasdaq:NOVN) today announced the pricing of the Company’s underwritten offering of 10 million shares of its common stock and accompanying warrants to purchase up to 10 million shares of common stock with an exercise price of $4.66. The shares and warrants […]
