Author Archive: Jeremy Parkinson
Richmond Fed Manufacturing: Activity Remains Positive In October
Today the Richmond Fed Manufacturing Composite Index was at 12 for the month of October, down from last month’s 19. Investing.com had forecast 17. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 15.0, which indicates expansion. The complete data series behind today’s […]
Graphic Packaging Forms Partnership With IP’s Consumer Packaging Unit
Graphic Packaging (GPK) said it will create a $6B paper-based packaging company by forming a new partnership comprised of Graphic Packaging’s existing businesses and International Paper’s (IP) North America Consumer Packaging business. Graphic Packaging will own 79.5% of the partnership and will be the sole operator. International Paper will own 20.5% of the partnership, equivalent […]
Billion Dollar Unicorns: Atlassian Hits A New High
Photo Credit: Dmitry Baranovskiy/Flickr.com In December 2015, legitimate Billion Dollar Unicorn and collaboration software maker Atlassian (NASDAQ: TEAM) had a successful IPO that valued it at $5.8 billion, and today its stock is trading in the public market at almost double that valuation. Atlassian’s Financials In its most recent first quarter results, Atlassian had a strong quarter beating analyst […]
Some Thoughts About The Kiwi
The New Zealand dollar continues to fall in the wake of the electoral results. While most other high income economies appear to be shifting to the right, New Zealand has lurched to the left. A look at the New Zealand dollar’s performanceand one might conclude that investors are scared. Today’s 0.6% decline in the Kiwi, brings the loss […]
NZD/USD’s Bearish Movement Extended To 0.6931
NZD/USD extended its downside movement from 0.7557 to as low as 0.6931. Further decline would likely be seen after a minor consolidation and next target would be at 0.6817. NZD/USD Daily Chart On the 4-hour chart, the NZD/USD pair traded within a bearish price channel. The price just bounced off the bottom trend line, suggesting […]
Why One Trader Thinks The ECB Is About To Send The Euro Sliding
Don’t assume the euro will rally when the ECB makes its expected “hawkish” announcement of QE taper plans, according to Bloomberg FX commentator Vassilis Karamanis. In fact, there’s an argument for the opposite occurring. Karamanis explains why the most anticipated move in the markets on Thursday may again be a fade. Euro Bears May Get […]
Real Toppy
I’ve presently got fifty-seven different equity short positions. That sounds insane given what the market is doing, but there you have it. I wanted to share a few of them form the real estate sector that I think are particularly intriguing:
USD/CAD Marches To Monthly Highs Ahead Of BoC
Tomorrow brings a Bank of Canada rate decision, and this brings some light to what had been one of the strongest USD-trends in 2017. When the Bank of Canada hiked interest rates for the first time in over seven years in July, the Canadian Dollar drove on a spate of strength that lasted for the […]
McDonald’s Corporation 3Q17 Earnings In Line With Estimates
McDonald’s Corporation (NYSE:MCD) 3Q17 earnings were released before opening bell this morning. The fast food restaurant operator reported adjusted earnings of $1.76 per share on $5.76 billion in revenue, versus the consensus estimates suggesting earnings of $1.76 per share on $5.75 billion in sales. In last year’s third quarter, McDonald’s reported earnings of $1.62 per […]
Canada Unprepared For The Payback Period
The thing about economic expansions is that people are supposed to work, pay down debt and build up savings, so that they can ride out the economic downturn that follows. Canadians have done the opposite over the past 8 years, and now approach 2018 with the highest debt and lowest cash savings in decades. A […]
