Author Archive: Jeremy Parkinson
So Much For The Scars Of 1987
Today marks the 30th anniversary of the 1987 Black Monday Crash, an event that had a major impact on the behavior of investors who experienced it. While it would be completely irrational, given human nature, one would think that the 22% decline in DJIA on 10/19/87 would cause investors to become a little more risk averse at […]
EC The Approaching US Energy-Economic Crisis
I was recently asked to give a talk called, “The Approaching US Energy-Economic Crisis.” In other words, how might the United States encounter problems that lead to a crisis? As we will see, many of the problems that could lead to a crisis (such as increased wage disparity and difficulty in collecting enough taxes) are issues […]
KeyCorp (KEY) Meets Q3 Earnings Estimates, Revenues Up Y/Y
Have you been eager to see how KeyCorp (KEY – Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Cleveland-based bank-oriented financial services company’s earnings release this morning: In Line Earnings KeyCorp came out with adjusted earnings per share of 35 cents in line with the Zacks Consensus […]
Stock Bulls-This Has Me Biting My Nails
Below looks at the Bank Index (BKX) over the past 20-years and why the Power of the Pattern feels this could become a very important price point for the bulls. As mentioned in the chart above, the Bank Index is testing the underside long-term rising channel (1) again. At the start of this year, the bank index […]
Verizon Communications Inc. 3Q17 Earnings Boost Shares
Verizon Communications Inc. (NYSE:VZ) 3Q17 earnings were released before opening bell this morning. The mobile carrier and internet service provider reported adjusted earnings of 98 cents per share on $31.72 billion in revenue, compared to the consensus estimates of 98 cents per share and $31.45 billion in revenue. In last year’s third quarter, the company […]
U.K. Retail Sales Dip To 4-Year Low Amid Rising Consumer Prices
U.K. retail sales declined more than expected in September as Brexit uncertainty and surging consumer prices eroded household income. Sales declined by 0.8 percent in September, down from an increase of 0.9 percent in August, the Office for National Statistics reported on Thursday in London. On a yearly basis, sales slowed to 1.5 percent from more than […]
Weekly Unemployment Claims: Down 22K, Lowest Since 1973
Here is the opening statement from the Department of Labor: In the week ending October 14, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week’s revised level. This is the lowest level for initial claims since March 31, 1973 when it was 222,000. The previous week’s […]
Morning Call For Thursday, Oct. 19
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.44%) this morning are down -0.51% at a 1-week low and European stocks are down -0.80% at a 2-week low as rising tensions between Spain and Catalonia spurs liquidation in equities and pushed the VIX volatility index up to a 5-week high. In a response to a […]
Global Markets Shaken By Sudden Equity Sell-Off: Hang Seng Crashes, VIX Surges
Has the market’s “melt-up” levitation finally ended? Of course, it could be much worse: as Bloomberg’s Paul Jarvis recalls, thirty years ago on this day traders around the globe were staring at their screens in disbelief as stock markets turned to a sea of red: the Dow, S&P 500, FTSE, DAX and CAC fell -23%, […]
Snap-on (SNA) Q3 Earnings Beat Estimates, Sales Strong
Headquartered in Kenosha, WI, Snap-on Incorporated (SNA – Free Report) is a global provider of tools, equipment, and related solutions for technicians, vehicle service centers, original equipment manufacturers and other industrial users. The company divides its operations in four segments: Snap-on Tools Group, Commercial & Industrial Group, Repair Systems & Information Group and Financial Services segment. Snap-on’s overarching business […]
