Author Archive: Jeremy Parkinson
3 ETFs To Buy As New Home Sales Surge
After losing momentum in August, new home sales in the United States turned around. Sales of new U.S. single-family homes suddenly grew in September, touching the highest level in about 10 years, and defying economists’ expectations of a 0.9% decline. The percent sales surge was the highest since January 1992, as per CNBC. Notably, new home […]
Investors Pummel Celgene
Celgene (CELG) reported Q3 earnings Thursday and it did not go well. Investors did not like what they heard and pummeled CELG, driving the stock down over 15%. The company missed on revenue by $120 million, but delivered an earnings beat. Below are three reasons why I believe the stock sold off. Weak Guidance Managing […]
Market Outlook: Bulls Are Running
It was another solid week on Wall Street as investors digested a slew of earnings and economic data. The major indices overcame a mid-week sell-off and ended higher after several well-known tech stocks reported strong numbers and GDP beat estimates. Buyers showed up on Friday after Alphabet, Amazon, and Microsoft were some of the well-known stocks […]
EC All-Around Strength In Q3 Earnings Season
We are past the halfway mark in the Q3 earnings season, with results from 54% of the S&P 500 members already out. This reporting season has turned out to be very good, further strengthening the narrative of a favorable earnings backdrop that has been in place over the last few quarters. The Technology sector became […]
Tesla Inc Stock Skids On Model 3 Warning, Analyst Downgrade
Tesla Inc (Nasdaq:TSLA) stock tumbled to its lowest level in months after one analyst downgraded it and an Asian publication reported that the company canceled some of its orders for Model 3 parts. Clearly the company has a lot of explaining to do next week on the earnings call after it releases its third-quarter results. […]
One Trader Asks: ‘What Does Draghi Know That We Don’t?’
As you probably/hopefully noticed on Thursday, the DAX hit a record following the announcement of the ECB taper and unquestionably, one reason why is because by slapping a dovish bow on an announcement about paring back asset purchases, Draghi managed to drive the euro lower, thus supporting European equities. But just because everyone heard what […]
Amid A Better Economic And Earnings Picture, Concerns Remain
The bottom line for the week is the economic picture looks better today than it did a few months ago. Earnings so far have been in general stronger than was expected, but we are still dealing with an equity market that is in overbought territory and valuations remain in the top 0.7% of all time […]
Bank Stock Roundup: Q3 Earnings At Tail End – COF Tops, FITB, STI, RF In-Line
All the major banks that reported third-quarter 2017 results over the last five trading days reported bottom-line growth. This was mainly driven by a rise in revenues attributable to higher net interest income and loan growth. Moreover, margin pressure seems to be easing. Further, the rise in deposit balances helped drive organic growth at the […]
Goldman Sachs Maintains The Most Tax Havens Of Any US Company… By Far
Multinational companies based in the United States are able to avoid paying an estimated $100 billion in federal income tax every year through the use of tax havens. As Statista’s Niall McCarthy notes, a recent report from the Institute on Taxation and Economic Policy has found that 366 of America’s largest 500 companies maintain 9,755 tax haven subsidiaries holding over […]
