Author Archive: Jeremy Parkinson
Arena Pharmaceuticals Jumps After Ulcerative Colitis Trial Hits Targets
Shares of Arena Pharmaceuticals (ARNA) are on the rise after the company said its ulcerative colitis drug met its primary, secondary, and clinical remission endpoints in a Phase 2 trial. Citing “impressive” trial results, Needham analyst Alan Carr upgraded the stock to Buy. ULCERATIVE COLITIS DRUG MEETS ENDOPOINTS: Arena announced last night topline Phase 2 […]
Fed Day: Mr. Market Meets Mr. Hyde
It’s very important for gold, bond, and stock market investors to stay focused on the main fundamental price drivers and ignore what may feel exciting but is largely irrelevant to price discovery. Citizen demand from China/India and US central bank policy are the main price drivers for gold. From 1960 to 1980, US recessions were generally […]
USD/JPY Snaps Bearish Series – Outlook Hinges On Updated Fed Forecasts
BRITISH POUND STRUGGLES AS U.K. CONSUMER PRICE INDEX (CPI) DISAPPOINTS. AVERAGE HOURLY EARNINGS IN FOCUS AHEAD OF BANK OF ENGLAND (BOE) MEETING GBP/USD pares the advance from earlier this week as the U.K. Consumer Price Index (CPI) slows more-than-expected in February, and the pound-dollar exchange rate may continue to consolidate ahead of the Bank of England (BoE) meeting on […]
Bitcoin Price Weakness Is Like Popping Of 2000 Tech Bubble, Only Far Worse
The bitcoin price has certainly had its ups and downs, and multiple analysts have compared its skyrocketing value to the tech bubble that popped in the early 2000s. Now there’s an interesting twist on this same perspective as one firm compares the recent bitcoin price weakness to the popping of that tech bubble. In fact, one of the firm’s […]
Bear Of The Day: B&G Foods (BGS)
Based in Parsippany, NJ, B&G Foods Inc. (BGS – Free Report) is a small, but widely-followed food company that manufactures, sells, and distributes high-quality branded shelf-stable and frozen foods across the U.S., Canada, and Puerto Rico. Its diverse portfolio includes brands like B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Mrs. Dash, Pirate’s Booty, Spice Islands, Back […]
Please Introduce Yourself, Mr. Powell. Gold Awaits You
The FOMC members will gather today for a two-day meeting. It will be the most important event this week, since Powell will chair the meeting for the first time. Gold investors want to get to know him better as the uncertainty makes them a bit nervous. What should we expect from the new Fed Chair? First FOMC […]
Pound Pares Gains As UK Inflation Eases
The pound erased gains made earlier today after the Office of National Statistics (ONS) released February’s inflation data. According to the organization, inflation eased to 2.7% in February from a high of 3.1% in December 2017. In January, inflation was at 3%. The inflation data missed the analysts’ estimates of 2.8%. The drop was fueled […]
Fortnite Is The Harbinger Of More Pain For The Already Struggling Toy Industry
While it is rather clear to us why Toys R Us is filing bankruptcy and even Star Wars themed toy sales weren’t enough to help Mattel (MAT) this past holiday season, in-app purchases for the new iOS version of Fortnite are rather revealing. The recently launched gaming app, which sits at the center of our Connected Society and Content is King investing themes, […]
3 Canadian LP’s Capitalizing On The Global Cannabis Movement
Canadian cannabis stocks remain a bright spot in the cannabis stock market and investors need to focus on leading opportunities to be successful. From international opportunities to emerging trends like smokeless products, Canadian cannabis producers have capitalizing from several emerging growth trends and we are favorable on this opportunity. Today, we have highlighted three Canadian […]
What Sets ETFs Apart?
Audio Length: 00:54:31 On last week’s “Behind the Markets” podcast, my co-host, Wesley Gray, CEO of Alpha Architect, and I had the opportunity to speak with ETF guru and ETF-IQ TV host Eric Balchunas. Balchunas discussed his transition at Bloomberg from the data team, where he had been for 16 years, to the research team […]
