Author Archive: Jeremy Parkinson
Moving Averages: February Month-End Update
The S&P 500 closed February with a monthly loss of 3.89% after a gain of 5.62% in January. All three S&P 500 MAs are signaling “invested” and three of five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard FTSE All-World ex-US ETF (VEU), and PowerShares DB Commodity Index (DBC) — are signaling […]
Economists Are Clueless On How Low Unemployment Can Fall Without Causing Spiraling Inflation
Neil Irwin wrote the piece I have been waiting for pretty much forever. He points out that economists estimates of the “non-accelerating inflation rate of unemployment (NAIRU)” have been repeatedly shown to be hugely wrong. In the 1990s the accepted wisdom was that this number was close to 6.0 percent, with estimates falling on both sides of […]
Box (BOX) Q4 Loss Narrower Than Expected, Revenues Match
Box, Inc.’s BOX fiscal fourth-quarter 2018 adjusted loss was 6 cents per share, lower than the Zacks Consensus Estimate. The loss was 54% narrower on a sequential basis and 40% narrower than the year-ago quarter. The reported loss was lower than the guided range. Revenues came in at $136.7 million, in line with the consensus mark. Revenues […]
Can This 10.4% Dividend Really Be Safe?
Sabra Health Care REIT (Nasdaq: SBRA) is the landlord for skilled nursing/transitional care facilities, 22 specialty hospitals and 88 senior housing properties. (It also manages 13 more.) Its assets include… Glen Hill Center, a nursing home in Danbury, Connecticut Villa Campana Rehabilitation Hospital in Tucson, Arizona Nexus Specialty Hospital in Spring, Texas, which focuses on rehabilitation […]
Crude: Inventory At 3-Year Low
“Davidson” submits: Interesting how the market responds to slight rise in US Crude Inventory and ignores that we should be building while refineries are shut for Spring Change-over and maintenance. That we are not building inventories as is typical, is unusual. We remain near 3yr low crude inventories.
SPY: A Bounce Is Coming
SPX Monitoring purposes; Sold long SPX on 2/26/18 at 2779.60= gain 2.33%; long 2/20/18 at 2716.26. Monitoring purposes Gold: Neutral. Long-Term Trend SPX monitor purposes: Long SPX on 2/8/18 at 2581.00. The above is a 5-minute chart of the SPY. Today is the second day in a row where the TRIN and Ticks did have […]
Salesforce.com, Inc. Earnings Beat Estimates, Guidance Raised
Salesforce.com, Inc. (NYSE:CRM) released its Q4 F2018 earnings results after closing bell tonight. On a non-GAAP basis, Salesforce earnings per share amounted to 35 cents, which beat the consensus by a penny. Revenue grew 24% year over year to $2.85 billion, just edging out the consensus at $2.81 billion. Management had guided for Salesforce earnings to come […]
Spotify Files For IPO, Seeks To List On NYSE Under Ticker ‘SPOT’
Spotify filed for an initial public offering and intends to apply to list its ordinary shares on the NYSE under the symbol “SPOT.” The filing states: “Unlike an initial public offering, the resale by the Registered Shareholders is not being underwritten by any investment bank. The Registered Shareholders may, or may not, elect to sell […]
Why U.S. GDP Hasn’t Really Increased Since 2000
While official sources forecast U.S. Gross Domestic Product (GDP) to surpass $20 trillion this year, the real figure is probably much less. So how much less is real U.S. GDP? Well, that depends on how it is measured.If we factor in energy consumption and the increase in total public debt, U.S. GDP is likely less […]
