Author Archive: Jeremy Parkinson
Bull Of The Day: Analog Devices (ADI) – Wednesday, Nov. 29
Video length: 00:00:35 Founded in 1965 and headquartered in Norwood, Massachusetts, Analog Devices (ADI) is an original equipment manufacturer of semiconductor devices, specifically, analog, mixed signal and digital signal processing (DSP) integrated circuits. The company’s products include data converters, amplifiers and linear products, radio frequency integrated circuits, power management products, and sensors and processing products. Solid Quarterly […]
USD/JPY Higher Despite NK Missile Launch
The US Dollar was steady versus the Japanese Yen, receiving support from the latest economic data out of the United States which was unexpectedly upbeat. The Dollar was also resilient in spite of the latest war mongering efforts from North Korea who launched yet another rocket test near Japan. Analysts say that market players are still […]
Allergan Upgraded To Overweight Amid ‘Overdone’ Botox Fears At Morgan Stanley
As previously reported, Morgan Stanley analyst David Risinger upgraded Allergan (AGN) to Overweight from Equal Weight, saying that fears about a “better Botox” from Revance (RVNC) may be overdone. Noting that data about Revance’s botulinum toxin RT002 Phase 3 trial is expected “any day now,” Risinger said he thinks it could be difficult for Revance […]
Own Gold Bullion To “Support National Security” – Russian Central Bank
Last week Russia’s Central Bank First Deputy Governor Sergei Shvetsov said Russians own gold bullion and their central bank is adding to its gold reserves in order to “beef up national security.” Yesterday, the Russian Finance Minister Anton Siluanov warned Washington yesterday: “If our gold and currency reserves can be arrested, even if such a thought exists, it would […]
How Sweet It Is
OPEC and Non-OPEC sources announced that they have agreed to extend production cut until the end of 2018, but will review the situation in June to make sure that the cuts are not causing larger problems for the Cartel. Worries ranging from them not doing enough or doing too much that will allow shale oil […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, Nov. 29
S&P 500 The S&P 500 rallied during the day on Tuesday, breaking well above the 2625 level, as the tax reform bill that the Republicans have been working on passed the Senate committee. This of course is a good sign for the potential of tax reform, and that should send the stock market higher. At […]
Gold Fundamentals Not Bullish Yet
Too many technical analysts dismiss fundamentals. True, technicals usually lead fundamentals but understanding the fundamental drivers (when it comes to Gold) can give you an edge. Gold and gold stocks have remained below their 2016 peaks even in the face of a very weak US Dollar because the fundamentals are not there. Real rates have […]
U.S. Treasuries: The World Is Flat After All…At Least For The Yield Curve
A recurring theme that continues to garner attention among investors has been the seemingly relentless flattening of the U.S. Treasury (UST) yield curve. Indeed, it is a topic I have addressed multiple times over the last few months, but given its ongoing importance among market participants—as well as the financial media—I feel it is necessary to provide […]
Should Investors Worry About North Korea’s Missile Tests?
North Korea on Wednesday announced that it had launched another missile to test its nuclear-strike capability, which reportedly can now reach the United States. Should we be concerned? Yes, of course. For obvious reasons, every citizen of Planet Earth should be alarmed when a war-mongering government threatens to use nuclear weapons. But as investors, Kim Jong Un’s […]
US Futures, World Stocks, Bitcoin All Hit Record Highs
US equity futures continued their push higher overnight (ES +0.1%), and the VIX is 1.5% lower and back under 10, after yesterday’s blistering surge in US stocks which jumped 1%, the most since Sept. 11, following Powell’s deregulation promise, ahead of today’s 2nd estimate of U.S. Q3 GDP which is expected to be revised up. […]
