Author Archive: Jeremy Parkinson
GDPNow “Real Final Sales” Forecast Dips To 1.6%
Poor housing reports and poor economic reports on durable goods and international trade took a toll on GDP estimates. The latest GDPNow forecast is 2.6%, down from and 3.2% on February 16, 4.0% on February 2, and 5.4% on February 1. After this morning’s Advance Economic Indicators and durable manufacturing reports from the U.S. Census Bureau, the […]
Biotech Crushing The Market: Best ETFs & Stocks YTD
Biotechnology sector, which includes the fast-growing companies in the health care world, are easily crushing the overall market and broader health care sector so far this year. This is especially thanks to a wave of mergers and acquisitions, encouraging trends as well as the new tax legislation. Mergers & Acquisitions Recent mergers and acquisition talks/rumors […]
2018 Earnings Estimates Are Likely Done Increasing
The Estimates Are Done Rising The Q4 2017 earning season is now almost over. I will be reviewing the S&P Dow Jones numbers, but first let’s look at the chart which shows future expectations. With the GAAP earnings being hurt by tax related write downs in Q4, the future estimates are the most important aspect […]
A Turnaround Story Failing To Produce Profits
Investors love a good turnaround, where a struggling firm restructures to achieve newfound profit growth. Too often, during the turnaround, investors overlook issues and send shares higher regardless of signs that the turnaround is not working as expected. They get caught up in the turnaround story and don’t realize until too late that the story […]
WTI Dips On Report OPEC-Shale Firms To Meet
WTI/RBOB prices limped lower after Reuters’ headlines reported OPEC officials will meet with U.S. shale firms at a dinner Monday in Houston, citing two unidentified industry sources. With US crude output surpassing Saudi’s and nearing Russia’s, OPEC is desperate for US Shale firms to stop ruining the production-cut-deal party. Reuters’ headlinesOPEC Secretary General Mohammad Barkindo plus other OPEC officials […]
Why Gold Is Still The Best Asset To Own
A review of today’s gold markets. Video Length: 00:10:37 Here are the articles used in today’s video: Gold Is The Best Safe Asset And Prices Will Be Higher In 18 Months – Crossborder Capital Gold Is Behaving Exactly ‘As Advertised’ – BlackRock
US Housing Is Becoming Unaffordable
We’ve discussed the price to income ratio of housing in a previous article. This gave us an idea of how expensive housing has become. We’ll discuss some of best points why real estate is too expensive and then provide the counterpoint explaining why housing isn’t in a bubble. Housing Isn’t Affordable In a May survey of those […]
Tech – Most Important Breakout Attempt Since 2000?
This 20-year snapshot of the Nasdaq above highlights that a solid upward trend remains in place. What caught our attention is this, the Nasdaq Composite index is attempting to break out of the top of three different rising channels at the same time at (4). If it breaks one, it breaks the other two! Bulls would love […]
Fitbit Stock: Implosion Addressed
Fitbit stock is cratering. Fitbit (FIT) delivered an all-around miss and 2018 outlook that fell well below expectations, and such FitBit stock is plummeting. Revenues of $571 million landed $18 million short of consensus, while adjusted net loss per share of -$0.02 fell two cents below the Street’s estimate. Units sold did not fall as sharply […]
