Author Archive: Jeremy Parkinson
Celgene Tops Q3 Earnings, Sales Miss, Updates View
Celgene Corporation (CELG – Free Report) reported mixed results in third-quarter 2017 wherein earnings beat expectations but sales failed to meet estimates. The company reported adjusted earnings of $1.91 per share which beat the Zacks Consensus Estimate of $1.88, up from $1.58 in the year-ago quarter. Total revenues grew 10.2% to $3.29 billion in the quarter but missed […]
EC Long The World
I am going to melt your brain today. Vanguard has an ETF that allows you to get long world stock markets. The ticker: VT. This raises all sorts of interesting philosophical questions. You see, if you are long every stock in the world, you are basically long global economic growth. Which is weird! Who has an opinion […]
Pending Home Sales Flat, Stuck At Two-Year Lows: Visible Hurricane Impacts
Pending home sales for September, an advance indicator of existing home sales was flat for the month. Economists expected a gain. The Econoday pending home sales consensus for september was a gain of 0.4% in an extremely wide range of -1.9% to +1.9%. The NAR reports the index was flat vs August at 106.0, down from […]
The Most Active Equity Options And Strikes For Midday – Thursday, October 26
Top Tickers for Most Active Equity Options and Strikes for Midday, October 26
Cryptocurrencies Move A Step Closer To The Mainstream
The opening of the LedgerX platform creates the possibility of large-scale trading among traditional financial institutions. Normalization. Photographer: Sean Gallup/Getty Images Last week may be remembered as the turning point when cryptocurrencies joined the mainstream financial system, as the clearing and trading platform LedgerX 1 opened for business. About 20 institutional investors — including investment banks, asset […]
EUR/USD – Ready To Crumble?
Mario Draghi destroyed the euro today but essentially telling the market that despite the best economic growth in years, he wasn’t ready to pull the plug on QE just yet. By extending QE to 9 months into 2018 Mr. Draghi dashed any hopes of an early taper and broke the hearts of euro bulls. […]
Possible Market Catalysts On Horizon?
Steve Sosnick, Chief Options Strategist at Interactive Brokers, discusses possible market catalysts on the horizon, including Trump and the Fed. Video Length: 00:04:53
U.S. Economic Data, ECB, And Gold
This week, positive data on the U.S. economy was released, but the markets have seemed to focus on today’s ECB meeting. What does it mean for the gold market? Durable goods orders rose 2.2 percent in September, much more than expected (the Bloomberg consensus was 1 percent). Importantly, core capital goods orders (nondefense ex-aircraft) increased 1.3 percent, also […]
Universal Health (UHS) Q3 Earnings, Revenues Lag Estimates
Universal Health Services Inc. (UHS – Free Report) reported third-quarter 2017 adjusted earnings of $1.64 per share that missed the Zacks Consensus Estimate by 3.5%. Earnings, however, grew 2.5% year over year. Including one-time items like (i) an unfavorable after-tax impact of approximately 9 cents to 10 cents per diluted share, stemming from the hurricane expenses and estimated […]
Long-Term Alibaba Group Holding Ltd. Investors Should Read This
Alibaba Group Holding Ltd (NYSE:BABA) shares almost doubled since the US presidential elections. As a long-term Alibaba Group Holding Ltd shareholder you may be more determined than ever about the long-term success of BABA shares but one of our favorite hedge fund managers has a better investment idea if you are bullish on BABA. Anthony Bozza’s Lakewood […]
