Author Archive: Jeremy Parkinson
A Look Back At The 1987 Crash
On the 30th anniversary of the 1987 stock market crash CNBC took a day-long trip down Memory Lane. Few of the guests and staff were on Wall Street or in the investment community in any capacity. I well remember that day and the selling that began a few months earlier and culminated with the crash. […]
5 Leisure & Travel Stocks To Benefit From Thanksgiving Vacation Plans
AAA, North America’s largest motoring and leisure travel organization, recently released a report saying that about 50.9 million Americans will travel 50 miles or more from home during Thanksgiving this year. This represents a 3.3% increase over 2016 with the weekend expected to witness the highest Thanksgiving travel volume over the last 12 years. A […]
Euro-Area Factory Output At 81-Month High In November
Manufacturing companies in the Euro-area sustained job creation and continued to attract new orders in November. The euro-area flash manufacturing Purchasing Managers’ Index climbed to 60.8 in November from 58.5 in October, according to the IHS Markit report released on Thursday. The highest expansion in 81 months. Also, the inflow of new orders climbed to the […]
Some Inconvenient Truths
The thing about the multiple expansion vs. earnings growth argument when it comes to what’s driving stocks it that, to quote Citi’s Tobias Levkovich, “so much depends on the starting point.” When he said that earlier this year, he was looking at things from the bull side of the debate, but as we wrote at […]
Why I Believe The Dollar Could Strengthen
Through my daily analysis in the Dollar index (link) I have been calling for a reversal while the price was testing the 95 price level. Now that the index has fallen back to 93, my alternative wave scenario that the rise from 91 to 95 was only wave A and the move to 93 is […]
Homebuilder ETFs In Focus On Upbeat Data
The U.S. housing market gained momentum in October on rebuilding efforts after successive hurricanes. This is especially true as existing home sales rose 2% to a seasonally adjusted annual rate of 5.48 million units. This is higher than September’s revised sales of 5.37 million units and Reuters’ expectation of 5.42 million units. However, existing home […]
Etherium Breaks Downwards Resistance But Creates Double Top
We wrote yesterday that ETH/USD is trading in a narrowing triangle and that it may break out. Well, that did not take too long. Etherium/USD made a move to $410, breaking above the downtrend resistance line and creating a double-top at that $410 level. Is the break confirmed? After the spike, the cryptocurrency slipped back and is […]
Deutsche Bank Gets Off Sidelines, Upgrades Deere Shares To Buy
Deutsche Bank analyst Nicole DeBlase upgraded Deere to Buy from Hold following the company’s Q4 earnings report. She upped her price target for the shares to $167 from $149. Deere closed yesterday’s trading session up 4%, or $6.02, to $145.25. Positive earnings revisions should drive share outperformance from here, DeBlase told investors last night in […]
The Lemmings Are Heading Towards The Cliff… Again
Did we learn nothing from the tech bubble? The real estate bubble? The energy bubble? Apparently not, as here we go again. The next series of bubbles is now in progress (Bitcoin is the first). Let me go over again the signs of a bubble. Price will usually rally at least 100% or more in […]
JANA’s Barry Rosenstein Is Slashing HPE; NUVA; But Buying EQT
Billionaire investor and Edelman protégé Barry Rosenstein currently manages the $4.82 billion fund, Jana Partners LLC. According to the most recent 13-F filings, the fund’s third quarter moves were rife with big changes, from additions and reductions to scratching the board on holdings. Rosenstein pulled the trigger on Hewlett Packard Enterprise Co (NYSE: HPE) and offloaded positions in […]
