Author Archive: Jeremy Parkinson
Norwegian Cruise Line (NCLH) Beats On Earnings In Q3
Based in Miami, Norwegian Cruise Line Holdings (NCLH – Free Report) offers cruises in various locations including those in the Caribbean, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa and Scandinavia. The cruise line operator was founded in 1966 Norwegian Cruise Line’s track record with respect to earnings is good. The company has surpassed the Zacks Consensus […]
Brazil Break Bravado
Starting in early 2016, the Brazil ETF symbol EWZ roared almost 200% higher based on……..what…….a big surge in personal shaving services? I’m not sure. But their stock market went insane, shoving away anyone foolish enough to be in their path. My view is that this surge is at the cusp of failure. What I’m watching […]
EC Is There Any Way Out Of The ECB’s Trap?
The ECB faces the Devil’s Alternative that Frederick Forsyth mentioned in one of his books. All options are potentially riskly. Mario Draghi knows that maintaining the so-called stimuli involves more risks than benefits, but also knows that eliminating them could make the eurozone deck of cards collapse. Despite the massive injection of liquidity, he knows that he can […]
USDCAD Daily Analysis – Thursday, Nov. 9
USDCAD is now facing 1.2700 support, a breakdown below this level could signal resumption of the short-term downtrend from 1.2916, then next target would be at the bullish trend line on the daily chart. Near-term resistance is at 1.2820, a break of this level could trigger another rise towards 1.2916 previous high. Above here could signal […]
US Jobless Benefits Surge Slightly Last Week
Despite the worse than expected non-farm payroll report last week, the U.S. labor market continued to absorb more workers. Although, the number of people filing for unemployment benefits surged by 10,000 to 239,000 last week, according to the Labor Department report released on Thursday. Weekly benefits below 300,000 are considered a healthy labor market. Accordingly, the less volatile […]
The S&P 500’s Winning Streak Says To Expect More Gains
Last week, the S&P 500 closed higher for the eighth week in a row. That seems like an unusually long winning streak, and a quick look at history tells us that is unusual. But the more important question is whether two straight months of gains is a sign of exhaustion or strength. Fortunately, there’s good news here. […]
Missing Growth From Creative Destruction
from the San Francisco Fed — this post authored by Pete Klenow and Huiyu Li When products disappear from the market with no substitutes from the same manufacturer, they may have been replaced by cheaper or better products from a different manufacturer. Official measurements typically approximate price changes from such creative destruction using price changes […]
The Philly Fed ADS Business Conditions Index Update – Thursday, Nov. 9
The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the U.S. economy, not just the Third Federal Reserve District, which covers eastern Pennsylvania, southern New Jersey, and Delaware. Thus it is comparable to the better-known Chicago Fed’s National Activity Index […]
DISH Network (DISH) Lags Q3 Earnings And Revenues Estimates
DISH Network Corp. (DISH – Free Report) is a leading satellite TV operator in the U.S. The company provides video services under the DISH brand. In addition, the company provides satellite broadband services, and wireline voice and broadband services. DISH Network’s top-line growth may remain under pressure as the company’s failure to strike any deal with wireless operators […]
