Author Archive: Jeremy Parkinson
Realizing Synergies From Big C Acquisition
Background Berli Jucker Public Company Limited, founded in 1882 is a manufacturing, trading and retailing conglomerate. It acquired Thailand’s third biggest supermarket chain Big C in May 2016. BJC is also engaged in packaging manufacturing including glass and plastic solutions. Its consumer and healthcare units produce snacks, beverages, and stationery items. Business Description Retail business […]
Sterling Sold On Negotiating Snafu, Aussie Bounces On Retail Sales And RBA
The US dollar is confined to narrow ranges against the euro and yen, straddling unchanged levels in the Asian session and the European morning. The action is elsewhere. The British pound is the weakest of the majors, paring 0.4% against the greenback, though around $1.3425, it can hardly be considered weak. A month ago, sterling was a […]
4 ETFs To Gain From CVS-Aetna Deal
The healthcare space is consolidating with the latest development being the potential buyout of Aetna (AET – Free Report) by CVS Health Corp (CVS – Free Report). A drug chain and a pharmacy giant CVS has agreed to acquire the nation’s third-largest health insurer Aetna for $207 per share or $69 billion. This would be the biggest deal of […]
U.K. Services Slow In November Amid Rising Prices
The U.K. largest sector, services sector, slowed in November amid rising price pressures, the IHS Markit reported on Tuesday. The services Purchasing Managers Index contracted from 55.6 in October to 53.8 in November. This was below the 55 predicted by most economists and suggests economic uncertainties continued to impact business activities in the month. While the economy […]
Tax Euphoria Fades As Tech Rout Spreads
One look at S&P futures this morning reveals an unchanged market, however it is again the violent sector rotation that is taking place behind the scenes that is the real story, with defensive sectors real estate, retail, food, utilities outperforming while investors continue to bail and book profits on tech stocks after sharp gains since […]
Market Risks That Wall Street Is Overlooking
The stock market just keeps on rising, and has been on that course (overall) for almost 10 years now. New records are set almost daily, and while this looks good on the surface, high valuations, soaring debt levels, and geopolitical uncertainty are all lurking down below. Today’s article was inspired by an interview I recently read […]
Sensex Finishes Marginally Lower; Bharat Forge Rallies 3.3%
Indian share markets continued to trade below the dotted line in the afternoon session and finished marginally lower as the RBI monetary policy panel starts its two-day meeting. At the closing bell, the BSE Sensex closed lower by 67 points and the NSE Nifty finished lower by 10 points. The S&P BSE Mid Cap finished up by 0.6% while S&P BSE Small Cap finished […]
Snap Upgraded To Overweight From Equal Weight At Barclays
Barclays analyst Ross Sandler upgraded Snap (SNAP) to Overweight from Equal Weight and raised his price target for the shares to $18 from $11. The stock closed yesterday down 30c to $13.57. With the company’s pricing transition in the later stages, Snap may start hitting or exceeding consensus revenue estimates and accelerating growth in 2018, […]
Fear Will Drive Oil Prices Higher In 2018
Oil prices are governed by cycles, and recent indications are that we are moving back into a cycle that will be governed by fear of insufficient oil supplies. The price of oil has always been driven by cycles of fear and complacency. During the cycle of fear, geopolitical events can send the price of oil […]
Two Bar Reversal Delivers On Aussie Cross Pairs
One of my favorite candle patterns when trading forex is a pattern that occurs and recurs on all time frames, and it is the two bar reversal, which when complete can deliver a correction of the trend, herald the start of a breakaway from congestion, and even a full-blown reversal. This pattern can also be […]
