Author Archive: Jeremy Parkinson
Hack Attacks Are Corporate America’s Worst Nightmare
Another week, another cybersecurity incident, it seems. The latest big company to be hacked? According to QSR, Pizza Hut found itself the victim of a hack attack on October 1 — alongside approximately 60,000 customers who had their credit card info exposed. The restaurant group had a 28-hour-long “temporary security intrusion.” But whatever label we want […]
Ulta Drops As Piper Survey Shows Slowdown In Teens’ Beauty Spending
Shares of Ulta Beauty (ULTA) dropped in morning trading after the cosmetics retailer was downgraded at Piper Jaffray, which cited a survey showing a slowdown in beauty spending by teenagers. Ulta had been removed from the Conviction Buy list at Goldman Sachs earlier this week and also received a price target cut at Oppenheimer yesterday. […]
Critical Threats To 2017’s Bull Market – Part 2: Overhyped Risks?
<< Read Part 1: Critical Threats To 2017’s Bull Market – Macro View With The Donald J. Industrial Average surpassing new record highs every day, questioning this bull market’s continued existence remains heresy outside of dark little corners of the internet. However, continuing his series, Bloomberg’s macro strategist Mark Cudmore dares to mention a few of the more […]
Welltower: A Low-Risk, High-Yield REIT With A Long Growth Runway
Real Estate Investment Trusts, or REITs, are a simple way for regular investors to gain exposure to the real estate sector. While there are many different types of REITs to choose from, healthcare in particular has strong long-term potential growth due to highly favorable demographic trends. Let’s take a look at Welltower (HCN), America’s largest medical REIT, to see why […]
Swing Trading Strategy Report – Wednesday, October 18
My Swing Trading Approach I have plenty of flexibility to play the market in either direction, depending on what the market ultimately wants to do. Only way I will get short is if the market shows signs of breaking down. Indicators VIX – Some strength over the last two days. up 4% and at 10.31. T2108 (% […]
US Stocks Reach Historic Highs
Don’t buy Your Dow 23,000 Souvenir Hats Yet The Dow Jones briefly tipped over the 23,000 mark, the first time this has every happened since the founding of the index. Although the Dow closed slightly below the historic high, it did continue its sequence of 50 record closing. Even though it saw a retreat during […]
Thomas Friedman Pushes The TPP Joke
When it became impossible to sell the Trans-Pacific Partnership (TPP) on its economic merits, proponents of the deal began to argue for it as a way to contain China’s power in the region. Thomas Friedman picks up this line and runs with it in his latest column. “Trump came into office vowing to end the trade […]
September 2017 Residential Building Slowing Cycle Continues
The headline residential building permits declined and construction completions improved. But we keep our eyes on the rolling averages because of the significant monthly fluctuations. Analyst Opinion of Residential Building The backward revisions this month were strongly downward.The nature of this industry normally has large variations from month to month (mostly due to weather) so […]
Why Are Banks Paying So Little Interest On Deposits?
Interest rates on deposits at banks, and even credit unions, are so low as to hardly be worth the bother. Bank profitability is up, the FDIC reported, and some banks are increasing their dividends. So why aren’t they paying more on deposits? Banks make most of their profits by taking in deposits, lending the money out […]
Oil Algos Shocked As US Crude Production Crashes Most In Over 5 Years
Following API’s huge 7.1mm barrel crude draw overnight, WTI prices are slightly higher (driven more by OPEC jawboning) as last week’s API errors are still on traders’ minds, but DOE confirmed a big crude draw but notable builds in gasoline and distillates surprised. However, the biggest headline is likely the 11%-plus collapse in US crude production… API Crude -7.13mm […]
