Author Archive: Jeremy Parkinson
Conference Board Leading Economic Index: Record High In December, Annual Revisions
The latest Conference Board Leading Economic Index (LEI) for December increased to 107.0 from 106.4 in November. The Coincident Economic Index (CEI) came in at 102.8, up from the previous month. Annual benchmark revisions were made. The Conference Board LEI for the U.S. increased for the third consecutive month in December, fueled by large positive contributions from […]
EUR/USD Reversal Or Retrace At 1.25 (Weekly Forex Overview 29 Jan – 2 Feb ’18)
The EUR/USD is in a strong uptrend but price is building a bearish movement after hitting the 1.25 round level. The GBP/USD is following the EUR/USD with a similar retracement or reversal and USD/JPY is testing a key support zone. Video Length: 00:08:58
Goldman Thinks Stocks Might Actually Fall At Some Point In The Next Two Months
Ok, well if what you needed to start your week on the “right” foot was Goldman telling you that “a correction of some kind seems a high probability in the coming months”, well then rejoice, because that’s exactly what the bank says in a brand new note. Basically, the latest from the bank’s global equity […]
AUDUSD Daily Analysis – Monday, Jan. 29
AUDUSD’s upside movement from 0.7501 extended to as high as 0.8135. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and a breakout of 0.8135 resistance could take price to 0.8200 area. Only a clear break below the trend line support […]
Don’t Fight The Fed! Or The Rest Of The World’s Central Banks
On March 9, 2009, The Wall Street Journal’s Money and Investing section posed this ominous question: “How low can stocks go?” The stench of economic malaise was suffocating as the Dow Jones Industrial Average (DJIA) rounded off its fourth straight week of losses, and the S&P 500 touched below 700 for the first time in […]
Lockheed Beats On Q4 Earnings, Issues ’18 Outlook
Lockheed Martin Corp. (LMT – Free Report) reported fourth-quarter 2017 adjusted earnings from continuing operations of $4.30 per share, which surpassed the Zacks Consensus Estimate of $4.06 by 5.9%. Excluding one-time impacts of Tax Cuts and Jobs Act, the company reported a loss of $2.50 per share as against the earnings of $3.25 from the year-ago period. Lockheed […]
All Is Well. Or Is It?
Stock market complacency has never been greater. One of my favorite films is Animal House. The mayhem depicting the Tri-Delt sabotage of a college town parade in the film’s final scenes is truly astounding. Animal House introduced a very young Kevin Bacon to movie audiences. In its finale, he plays a member of an ROTC squad providing […]
Sohu.com Inc. Shares Crumble Following Q4 Earnings
Sohu logo. (PRNewsFoto/Sohu.com Inc.) Sohu.com Inc. (Nasdaq: SOHU) On Monday morning before the market opened, Sohu.com Inc ($SOHU) announced fourth-quarter earnings that missed expectations and sent nosediving in the premarket. The company announced a net loss of $7.57 per share on $510 million in revenues with $72 million of it coming from brand advertising revenues and search-related […]
December 2017 Headline Personal Income Improves
The headline data this month good year-over-year growth in income – with expenditures year-over-year growth now below income growth – with the savings rate remaining historically low. Analyst Opinion of Personal Income and Expenditures The savings rate declned and is at 21st century lows. Consumer spending growth was lower than income growth year-over-year. The backward […]
Billion Dollar Unicorns: Why Doesn’t Adyen Want To Go Public?
According to an IBISWorld report published last year, the online payment processing software market in the US has grown 7% annually over the period 2012 through 2017 to $20 billion. Amsterdam-based Adyen is a Billion Dollar Unicorn club member in this space, one of the few European Unicorns that have crossed the threshold. Adyen’s Financials Adyen was founded […]
