Author Archive: Jeremy Parkinson
Publishing Industry Outlook – October 2017
The U.S. newspaper publishing industry has long been grappling with sinking advertising revenues, and the global economic slowdown has only worsened the situation. The downturn in the newspaper publishing industry witnessed over the last few years was aggravated by a decline in print readership. More and more readers started opting for online news, thereby making […]
Amid Management Exodus, Tesla Fires Hundreds Of Workers
One month after Tesla lost its head of business development who wished to “spend more time with his family”, and just weeks after the EV company’s veteran battery technology director also unexpectedly quit amid a growing senior management exodus (full list at the bottom of this article), Tesla decided to even out the ranks on the bottom as well, […]
Q3 Earnings Season Gets Going
The Q3 earnings season has gotten underway already, with results from 26 S&P 500 members out at this stage. Total earnings for these 26 index members are up +22.5% from the same period last year on +9.4% higher revenues, with 84.6% beating EPS estimates and 84.6% beating revenue estimates. This growth pace and beats proportion […]
Emerging Markets Break Above Five Year Resistance
The Emerging Markets ETF (EEM) did something this week it has been unable to do numerous times over the past five years. Below look at the price pattern of EEM over the past 10 years. CLICK ON CHART TO ENLARGE EEM has done well since the start of 2016, reflecting gains much stronger than the S&P 500. […]
Gold Prices Snap Four Week Losing Streak On Disappointing CPI
Fundamental Forecast for Gold: Neutral Gold prices fall near two-month lows, CPI to confirm / trigger near-term low Gold prices snapped a four-week losing streak with the precious metal up nearly 2% to trade at 1301 ahead of the New York close on Friday. The advance comes alongside continued strength in broader equity markets and with the DXY turning from […]
Week In Review: Shanghai Pharma Bids In Cardinal China’s $1.5 Billion Auction
Shanghai Pharma (SHA: 601607) and FountainVest Partners, a China private equity fund, have submitted second-round bids for Cardinal China’s (NYSE: CAH) drug distribution operations (see story). According to a Bloomberg article, the two entities are part of a smaller group of still-interested bidders that also includes Warburg Pincus of the US and PAG Asia Capital, a China/Asia investor. Cardinal China’s […]
Synchronized Global Growth
Much of the sentiment and global market data continue to come in on the positive side of the ledger. Friday’s University of Michigan Consumer Sentiment jumped six points to 101.1 for October and is the highest reading in thirteen years. As reported by Econoday, “The expectations component is up nearly 7 points to 91.3 with the component for […]
The Coming “Snap-back” Of Markets
Last week, I addressed some interesting stats from Adam Taggart via Peak Prosperity: “It has been over 100 months (more than 8.5 years) since the current bull market began in April of 2009 It has been 15 months since the last (and very brief) drop of 5% in the S&P 500 This past September saw record low volatility, including a […]
Will The Bullish Outlook For Treasuries Weigh On The Dollar?
The US dollar fell against all the major currencies last week. The downside reversal after the employment data on October 6 set the stage for the pullback. From a fundamental perspective, we cautioned the good news for the dollar had been discounted. With two months before the December FOMC meeting, the market had priced in a […]
