Author Archive: Jeremy Parkinson
J.C. Penney Plunges After Slashing 2017 Earnings View
Shares of J.C. Penney (JCP) plunged in pre-market trading after the retailer slashed its forecast for fiscal 2017 as it accelerated actions to liquidate inventory and overhauled its women’s apparel department. Following the implementation of the “reset,” the retailer said it has already seen an improvement in performance. THIRD QUARTER UPDATE: J.C. Penney said it […]
China’s Importance In The Gold Market
China has been accumulating a lot of bullion over the past decade. It is also the largest producer of gold in the world and – along with India – one of the biggest consumers of the yellow metal. According to the World Gold Council’s data on the second quarter of 2017, China accounts for about 28.6 […]
ServiceNow Continues Acquisitions
Photo Credit: Executive Networks Media/Flickr.com Earlier this week, ITSM provider ServiceNow (NYSE: NOW) reported its third quarter results that surpassed market expectations. But the market was not pleased with the performance and the stock slid nearly 5% post the announcement. It is a small bump considering that the stock has climbed nearly 60% since the start […]
BEA Estimates 3rd Quarter 2017 GDP Growth At 2.98%
In their first (or “preliminary”) estimate of the US GDP for the third quarter of 2017, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.98% annual rate, down -0.08% from the prior quarter. The changes from the prior quarter reflect a general weakening of consumer and commercial spending growth, nearly […]
US Q3 GDP Rises Faster Than Expected
US economic growth was surprisingly resilient in the third quarter, according to this morning’s preliminary estimate from the Bureau of Economic Analysis. Output increased 3.0%, well above the 2.5% consensus forecast via Econoday.com and only slightly below Q2’s solid 3.1% advance. For all the talk that blowback from recent hurricanes would weigh on economic activity in Q3, […]
Catalan Parliament Votes To Declare Independent State
Update Ok, folks here you go: CATALAN PARLIAMENT VOTES TO IMPLEMENT INDEPENDENT STATE There’s your geopolitical black swan that “can’t happen.” Rajoy is not amused: Spanish stocks have moved lower still. And EUR/JPY is at a new low: Here’s yields: And here’s thousands of people running around in the streets: DEVELOPING: A protest is underway […]
The Stock Whisper Of The Day: SPY, T, GE, MAT, INTC
Hot whispers of the day: SPY, T, GE, MAT, INTC. Video Length: 00:05:28
The Tumult In MLPs
If the recent violent sell-off in energy infrastructure stocks has you puzzled, you have plenty of company.That’s why Sunday’s blog is going out early, because we’ve been discussing it with so many people. We enjoy a regular dialogue with many of our investors and last week was the busiest we can recall in responding to […]
The Swiss Way Of Health
The enigmatic independence of Switzerland is perhaps best demonstrated in the fact that its healthcare system manages to satisfy both free marketers and the statist-socialists in the country. It is a giant social safety net woven by individual responsibility and self-made wealth. Health insurance is almost entirely consumer-based, though there are strict cantonal regulations and […]
U.S. Dollar Strength Comes Roaring Back: FOMC, NFP Next Week
Next week brings a heavy outlay of drivers as we hear from the Federal Reserve on Wednesday, the Bank of England on Thursday for a Super Thursday event that carries a chance for an actual rate hike; and Non-Farm Payrolls is released on Friday. Ahead of this outlay, we have a significant breakout showing in […]
