Author Archive: Jeremy Parkinson
EIA Data Barely Moves Natural Gas Prices
The Energy Information Administration report on natural gas inventories came out today generally in line with expectations, missing our expectation of +66 bcf by just 2 bcf at +64 bcf after hitting our estimate perfectly last week. We see these back-to-back hits as a sign that we have a relatively good handle on current natural […]
Stocks Fell Finally, But Dip Buyers Swooped In
Extreme Optimism Leads To A Small Decline In Stocks The market finally took a breather on Wednesday. It wasn’t a major sell-off because dip buyers appeared mid-day. It was healthy to see because the run had gotten ridiculous. The S&P 500 fell 0.47%. It was driven lower by weak Chipotle earnings and poor AMD guidance. […]
Amazon.com, Inc. 3Q17 Earnings Send Shares Higher
Amazon.com, Inc. (NASDAQ:AMZN) 3Q17 earnings were released after closing bell tonight, and the company posted earnings of 52 cents per share on $43.7 billion in revenue. Analysts had been expecting a breakeven result on $41.74 billion in revenue, while the company had guided for sales to come in between $39.25 billion and $41.12 billion. In the year-ago […]
Toll Brothers – Chart Of The Day
Toll Brothers (TOL) is the Barchart Chart of the Day.The home builder has a Trend Spotter buy signal, a Weighted Alpha of 65.07+ and gained 61.42% in the last year. The Chart of the Day belongs to Toll Brothers (TOL). I found the home builder stock by using Barchart to sort the Russell 3000 Index stocks first for the most frequent […]
Stocks And Precious Metals Charts – After The Bell
The big tickle today was the strength in the Dollar index based on Euro weakness, thanks to Monsieur Draghi. There was a minor option expiration for gold on the Comex today. I do not think that drove the action in the metals, compared to the big spike in the Dollar. After the bell we will […]
Q3 Earnings To Drive Energy ETFs Higher
The energy sector has given impressive performances in the last few months on improving demand and supply dynamics. The ultra-popular ETFs Energy Select Sector SPDR (XLE – Free Report) , Vanguard Energy ETF (VDE – Free Report) , iShares U.S. Energy ETF (IYE – Free Report) and Fidelity MSCI Energy Index ETF (FENY – Free Report) gained 3.3%, 2.4%, 2.7% and 2.4%, respectively, in the last three […]
October 2017 Kansas City Fed Manufacturing Remains Positive And Improves
Of the four regional manufacturing surveys released for October, all were in expansion. Analyst Opinion of Kansas City Fed Manufacturing Kansas City Fed manufacturing has been one of the more stable districts and their index improved. Key internals were in expansion. There were no market expectations from Bloomberg / Econoday. The reported value was -23. […]
Advance Indicators: Trade Deficit Widens, Wholesale Inventories +0.3%, Retail Inventories -1.0%
The advance (first) estimate of third-quarter GDP comes out tomorrow. The final economic report before the BEA’s GDP announcement is the Census Bureau’s advance indicator report for September. The report will likely lower GDP estimates. Econoday Comment “Wholesale inventories rose 0.3 percent in September but retail inventories, also released with today’s report, fell a sharp 1.0 […]
Five Large Cap Stocks With Great Momentum
Today, I wanted to find 5 Large Cap stocks that had great current momentum so I used Barchart to sort the S&P 500 Large Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Today’s watch-list includes: Ansys, DR Horton, TE […]
