Author Archive: Jeremy Parkinson
Financial Conditions The Loosest Since 1993
In keeping with the great reports elsewhere, the Markit Flash PMI showed economic strength. Private sector growth reached a 9 month high in October mainly because of the improvement in manufacturing. The composite output index was 55.7 which was an improvement from last month’s report of 54.8. The services index improved from 55.3 to 55.9 […]
Agriculture Markets Report – Thursday, Oct. 26
(Video length 00:10:09) A review of the day’s trading in the agriculture markets.
Intel Posts Q3 Beats, Earnings Climb 36%
Intel Corporation (INTC – Free Report) just released its third-quarter 2017 financial results, posting earnings of 94 cents per share and revenues of $16.1 billion. Currently, INTC is a Zacks Rank #2 (Buy) and is down over 1% to $40.85 per share in after-hours trading shortly after its earnings report was released. INTC: Beat earnings […]
‘All Drugged Up And Nowhere To Go’ – S&P Flatlines As Bond Yields, Dollar Surge
Hmmmm…Wall of worry indeed.. Video length: 00:01:27 Chaotic flip-flopping headlines hit Spanish stocks today (and continued after the close)… While Trannies had a big day, S&P and Nasdaq were very quiet… And even as VIX rallied, S&P Futs flatlined… The decoupling continues between The Dow and Dow VIX (and is very clear from the chart, […]
No Change On The Day
The real action was yesterday, today wasn’t one to write anything home about. There was some gap moves at the open but they didn’t change the picture by end-of-day. The best you could probably draw from today was the inside day in the Dow Jones Industrial average; trade a break of today’s high/low with a […]
Thinking About Tax Cuts: Growth And Prosperity
Tax reform season is upon us. The White House and Congressional Republicans promise that their unified framework for tax reform will “fuel unprecedented economic growth.” The President has touted numbers as high as 6 percent. His more cautious advisers suggest 3 percent, a full percentage point or more above recent long-run forecasts. But even if faster growth […]
Large-Cap Value ETF (SPVU) Hits New 52-Week High
For investors seeking momentum, PowerShares S&P 500 Enhanced Value Portfolio (SPVU – Free Report) is probably on radar now. The fund just hit a 52-week high and is up about 30.6% from its 52-week low price of $25.65/share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term […]
China’s (De)Dollar Bonds
The Chinese government has sold its first dollar bond issue in thirteen years. Given that fact alone, the idea is causing more than a little confusion, perhaps consternation. Why now? What are they really up to? It seems as if it is contradictory, especially given China’s very public positions against the dollar as hegemonic reserve […]
Breakdown Or Bounce?
The commentary that I read this morning attributed most of yesterday’s selling to rising rates, both domestic and foreign, and due to the fact that selling was overdue. Cramer made the point on the podcast of his show last night that if we do get a selloff, it will probably be in the stocks we […]
Winners And Losers In Today’s Tech Earnings
Stocks were quiet today as all eyes were on the big earnings announcements after the close. In tonight’s video update, we look at the reaction to earnings announcements from GOOGL, AMZN, MSFT, and INTC. Watch the video tonight to see why AMZN is the big winner… Video Length: 00:05:08
