Author Archive: Jeremy Parkinson
Mysteries Of Modern Inflation
Mysteries of Modern Inflation The theory of inflation that I learned long ago suggested that inflation should creep up when an economy is running near full employment, but will come back down during a recession. However, for almost two decades now, the rate of core inflation (that is, inflation not counting the volatile movements in […]
Thrilling Thursday – Will Big Tech Justify Nasdaq 6,666?
Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT) and Intel (INTC). All four will report tonight and they make up 20% of the Nasdaq by weight (and AAPL, who are the rest of the Nasdaq that counts, reports on 11/2) so it’s do or die for the index that’s up 25% since the election but that’s still only HALF of the move the FAANG […]
Hershey Announces $100 Million Share Repurchase Authorization
HERSHEY, Pa., Oct. 26, 2017 (GLOBE NEWSWIRE) — The Hershey Company (NYSE:HSY) announced today that its Board of Directors has approved an additional $100 million stock repurchase authorization to repurchase shares of its Common Stock. Purchases under the new authorization will commence after the current program is completed. Hershey is authorized to purchase its outstanding […]
Treasuries ‘Cheapest’ In 6 Months As Bund Yields Tumble On Dovish Draghi Taper
Draghi’s dovish taper has sent Bund yields down over 5bps (admittedly to 3 day lows) – the biggest daily drop in 3 months… And EUR/USD is at 3-week lows… And as Bund yields tumble, Treasuries are less exuberant… Pushing the TSY-Bund yield spreads to 200bps for the first time since April… Might be a painful squeeze […]
AB InBev Earnings Miss Again In Q3, Ups Synergy View
World’s largest brewer Anheuser-Busch InBev SA/NV’s (BUD – Free Report), alias AB InBev, dismal earnings trend persisted in third-quarter 2017 as the bottom line lagged estimates for the seventh straight quarter. Moreover, revenues missed estimate for the second consecutive quarter. Despite the dismal surprise history, AB InBev’s stock has improved 15.3% year to date. However, it has lagged […]
EUR/GBP: Vulnerable, Eyes Move Towards The 0.8855 Zone
EUR/GBP- The cross remains biased to the downside and looks to extend that weakness with eyes on the 0.8855 level. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Its daily RSI is bearish and pointing lower suggesting further decline. Resistance […]
EUR/USD Revisits Support After ECB Reduces, Extends QE
This morning’s ECB rate decision was without significant fanfare. This comes despite the excitement that was seemingly building throughout much of the year as market participants prepared to finally hear how the European Central Bank might move away from their gargantuan stimulus program. As growth and inflation have begun to show with more stability throughout the […]
Saudi Prince Greenlights Aramco IPO
The Saudi Arabian oil industry was in the spotlight on Thursday for more than its hard line on production cuts, as the country’s Crown Prince Mohammad bin Salman told Reuters that the country’s national oil giant is on target for an initial public offering sometime next year. The company could be valued at over $2 […]
Stocks To Trade: MYL, HFC, MRO
Take a look at three trading ideas to prep you for the next trading session. Long Mylan (MYL) Long HollyFrontier (HFC) Short Marathon Oil (MRO)
Yes, I’ll Have The ‘Taper’ But Is It Possible To Ask The Chef To Leave Off The ‘Tantrum’?
Barring some kind of truly epic screw up at the presser, it does indeed appear that Mario Draghi managed to thread the proverbial needle. The ECB will pare asset purchases starting in January and the “well past” language in the forward guidance on rates effectively means a hike is off the table until 2019, if you go […]
