Author Archive: Jeremy Parkinson
Broadcom Tops Q1 Earnings & Revenue Estimates
Broadcom Limited (AVGO – Free Report) released its first-quarter fiscal 2018 financial results, posting adjusted earnings of $5.12 per share and revenues of $5.33 billion. Currently, Broadcom is a Zacks Rank #2 (Buy) and is down 1% to $265 per share in after-hours trading shortly after its earnings report was released. AVGO: Beat earnings estimates. The company posted […]
Reducing Dependence On (L)IBOR
A creation of the mid-1980s, the London Interbank Offered rate (LIBOR) became immensely influential over the three decades that followed. It became a reference rate for both finance and commerce for the rate of nearly risk-free interest, and in the process it spawned other IBORs, including EURIBOR and Japan’s TIBOR. LIBOR came to be published in […]
Bitcoin Mining In NY Costs Premium: Bitcoin Headed To $2,800?
Utilities in New York will now charge extra to mine Bitcoin. In unrelated news, technicals point to a $2800 price. I am surprised it took this long, but here’s news on Bitcoin mining costs: Want to Mine Bitcoin in New York? You’ll Have to Pay a Premium. The New York Public Service Commission on Thursday cleared […]
AUD/USD Daily Analysis – Friday, March 16
AUD/USD broke below the bullish trend line on the 4-hour chart and extended its downside movement from 0.7916 to as low as 0.7770. Further decline could be expected after a minor consolidation and next target would be at 0.7712 support. Resistance is now at 0.7815, as long as this level holds, the downside will continue.
“They’ll Only Get Bigger” – China Sends A Message With Record $900M Market-Manipulation Fine
China’s sweeping overhaul aimed at closing regulatory loopholes and cracking down on manipulation (manipulation that isn’t directed by some central authority, that is) continued apace on Thursday when the country’s securities regulator unveiled fines against a Chinese logistics company, charging it 5.5 billion yuan ($870 million) for manipulating the local stock market. The fine is the largest-ever […]
Sensex Trades In Red; Metals Sector Leads Losses
After opening the day in red, share markets in India have continued the downtrend and are presently trading below the dotted line. Sectoral indices are trading mixed with stocks in the energy sector and stocks in the realty sector trading in red. While stocks in the consumer durables sector are trading in green. The BSE Sensex is up by 310 points (down 0.9%) and the NSE […]
Try Luck O’ The Irish With These Stocks For St. Patrick’s Day
A large number of Americans plan to celebrate the Irish festival of St. Patrick’s Day on Mar 17 this year and spend as much as $5.9 billion, per National Retail Federation. This is the highest level in its 14-year survey history and up from last year’s record of $5.3 billion. Average spending per person is also […]
Forecasting With Other Factors In The Gold Market
Founder of VanAurum Kevin Vecmanis joins me today to share the trend forecasts his AI system is projecting for gold, silver and GDX. Since Kevin’s system is designed to project prices 21 trading days out we discuss the possibility of short-term counter moves and why it is important to look at the big picture as […]
The Pros And Cons Of Bucket Strategies
Continuing recent posts updating my past descriptions of retirement strategies, let’s look again at time-segmentation (TS) or “bucket” strategies. The basic implementation of time segmentation strategies sets aside enough cash and short-term bonds to cover the next few years of retirement expenses, let’s say five, then covers the following few (let’s say years six through […]
Visualizing China’s Most Ambitious Megaproject
Costing between $4-8 trillion and affecting 65 countries, China’s ambitious One Belt, One Road (OBOR) initiative is the granddaddy of all megaprojects. By the time of its estimated completion in 2049, OBOR will stretch from the edge of East Asia all the way to East Africa and Central Europe, and it will impact a lengthy […]
