Author Archive: Jeremy Parkinson
Global Natgas Politics Just Got More Heated With This Mega-Deal
Chinese E&P major Sinopec (SHI) reportedly put its Argentina assets up for a $1 billion sale this week. With one of the interested buyers said to be Russia’s Rosneft (RNFTF). And that latter firm made ever bigger waves in the global natural gas industry this week with the purchase of a stake in one of […]
How Big Is The Threat Of A Crash In The 7th Year Of The Decade?
Years ending in 7, such as the current year 2017, have a bad reputation among many stock market participants. Large price declines tend to occur quite frequently in these years. Just think of 1987, the year in which the largest one-day decline in the US stock market in history took place: the Dow Jones Industrial […]
Natural Gas As Of Oct. 11
Favoring a breakout from the downtrending channel for NG source: INVESTING.com
Euro Gains On Catalonia Pullback
The Euro rose higher on Wednesday after Catalonia pulled back from declaring independence from Spain. Carles Puigdemont, Catalan leader proposed the parliament suspend the October 1 referendum and await the outcome his meeting with the Spanish government. “There was a chance Puigdemont would have made a decisive declaration, so now yields are dropping because there […]
“It’s A Decentralized Revolution” – Novogratz Sees Bitcoin At $10,000 Within A Year
Former Fortress Principal Michael Novogratz is not shy to share his opinion of virtual currencies. In June he explained “cryptocurrencies were likely the biggest bubble of his lifetime,” but remained positively constructive with 20% of his net worth in various coins including Bitcoin and Ethereum as he made billions. “Novo” – as his friends call him – as he made billions. […]
Sears Drops After Canadian Counterpart Announces Liquidation
Sears Holdings’ stock dropped after its Canadian counterpart announced it will shut down. Sears Canada, which has been operating creditor protection since June, announced on Tuesday evening that it will be applying to the Ontario Superior Court of Justice for approval to liquidate all of its remaining stores and assets. “It is expected the Court […]
Superior Plus: Underwhelming Track Record Leads Us To Avoid This Stock
Monthly dividend stocks are highly appealing to self-directed investors because they make it significantly easier to budget dividend income against living expenses. Unfortunately, there are very few stocks that pay monthly dividends. We’ve compiled a list of all 40 monthly dividend stocks for your use, which you can access below. Superior Plus is one such company whose management […]
One Trader Calls It: This Is The Day When It All Changes
Former trader Richard Breslow is out with his daily missive and Wednesday’s installment may very well be one of his best efforts ever. First of all, Richard is sticking his neck out on this one. “I’m officially declaring today the very start of the entire change over process,” he notes, not necessarily calling the top, […]
China Ends Swap Lines With South Korea: A Dog That Doesn’t Bark
China has declined to renew the $56 billion currency swap line with South Korea. The swap line has been in place for eight years. Initially, it was launched at $26 billion in 2009 and expanded in 2011. It has been extended twice since then. The swap line from China was South Korea’s largest swap line, accounting […]
BlackRock (BLK) Q3 Earnings & Revenues Beat, Expenses Rise
BlackRock, Inc. (BLK – Free Report) reported third-quarter 2017 adjusted earnings of $5.92 per share, which outpaced the Zacks Consensus Estimate of $5.59. Also, the bottom line came in 15% higher than the year-ago quarter. Results benefited from improvement in revenues, rise in assets under management (AUM) and steady long-term inflows. However, increase in operating expenses acted as […]
