Author Archive: Jeremy Parkinson
Now Is The Time To Stock Up On Exxon Mobil
The long time powerhouse in the oil and gas industry, Exxon Mobil (NYSE: XOM) has had a tough time lately. Last year, 2017, wasn’t kind to shareholders. The beginning of 2018 looked promising, but then the company announced earnings and the stock tanked. What is going on with Exxon Mobil? Is this stock a has-been and […]
This 1 Ratio Calls For A 78% Increase In Silver Prices
iStock.com/arnet117 Gold-to-Silver Ratio Suggest Silver Prices Could Soar Stocks have certainly done well in the past few years, but there’s one asset that remains ignored and has massive upside potential. It could outperform stocks easily. It’s silver. As it stands, silver prices trade for very cheap valuations. Ignoring the precious metal could really be a […]
WTI/RBOB Tumble After Bigger Than Expected Crude, Gasoline Builds
WTI was higher and RBOB lower after last night’s API (even as the USD rises) but both tumbled after bigger than expected crude and gasoline builds (and a new record high for US crude production). Bloomberg Intelligence Senior Energy Analyst Vince Piazza explained that the crude market is in a holding pattern with oil vacillating around $60 […]
BEA Leaves 4th Quarter 2017 GDP Growth Essentially Unchanged At 2.53%
In their second estimate of the US GDP for the fourth quarter of 2017, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.53% annual rate, down -0.01% from their previous estimate and down -0.63% from the prior quarter. This report contains no material revisions. The largest change consisted of the […]
Acadia Triangle
This morning’s big hit for me is Acadia Pharmaceuticals. I’ve been tracking this one forever, since it’s got a gorgeous symmetric triangle pattern. I shorted it yesterday as it approached its midline, and this morning, blammo, it’s down 16%. A closer view shows the clean pattern and how its broken below the triangle now. I’ve […]
Chicago PMI Declines In February
The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]
Watching S&P 500 Breadth
As shown in the chart below pulled from our interactive Chart Tool (available to anyone), the S&P 500 remains just above its 50-day moving average. The percentage of stocks in the S&P 500 that are trading above their 50-day moving averages remains below the 50% mark, however, which is a sign of weak breadth relative to where […]
What Is ServiceNow’s 2018 Acquisition Strategy?
Photo Credit: Executive Networks Media/Flickr.com According to a MarketsandMarkets report published last year, the global cloud-based ITSM Market is estimated to grow 15% annually over the next few years to $8.78 billion by 2021. The growth is expected to be driven by increased adoption of BYOD policies and mobile devices across organizations. ServiceNow’s Financials ServiceNow (NYSE: NOW) recently […]
Brexit Weakens Rate Hike Support For Sterling
There are three main influence for sterling. The first is the general dollar direction. As widely recognized, the greenback was weak last year and this has continued into this year’s activity. After falling in January, the dollar is set to close higher against all the major currencies but the Japanese yen. Sterling’s 2.6% decline (~$1.3820) this […]
Second Estimate 4Q2017 GDP Growth Slows To 2.5 %
The headline second estimate of fourth-quarter 2017 Real Gross Domestic Product (GDP) marginally declined to a positive 2.5 % from the advance estimate’s 2.6 %. Year-over-year growth was unchanged from the advance estimate. Analyst Opinion of GDP There was little change between the advance and this second GDP estimate. The consumer spending declined from the previous quarter, […]
