Author Archive: Jeremy Parkinson
E Should Wabtec Continue To Pursue Faiveley Transport?
Wabtec WAB is a leading provider of equipment and services to the global rail industry. Its topWAB line growth has been anemic amid a slowing global economy. The company’s Q4 revenue only grew 1% Y/Y, yet the company trades at 20x earnings. To spur the top line it has been making smaller, bolt-on acquisitions. In […]
Gilead Weakened After Loss To Merck In HCV Dispute
Merck might be one step closer to Bogarting a sizeable piece of the HCV market. Tuesday, a federal jury upheld the validity of Merck’s MRK HCV patents in its dispute with Gilead GILD. A jury has decided that Merck’s 2002 patents related to sofosbuvir are valid, lending credence to Merck’s argument that Gilead is infringing […]
EUR/USD Forex Signal For March 24, 2016
EUR/USD Signal Update Yesterday’s signals were not triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be taken between 8am and 5pm London time today only. Long Trade 1 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.1068 and 1.1035. * Put […]
T2108 Update – A Sinking Feeling
T2108 Status: 81.6%T2107 Status: 39.3%VIX Status: 14.9General (Short-term) Trading Call: cautiously bullishActive T2108 periods: Day #29 over 20%, Day #28 over 30%, Day #25 over 40%, Day #22 over 50%, Day #18 over 60%, Day #17 over 70%, Day #15 over 80% (overbought) Commentary The market momentum I described in the last T2108 Update titled […]
E Soybean Season Is Coming
As the calendar moves towards the end of March, the all-important US Planting Intentions report will be coming due. That will provide us an insight into the “intentions” of farmers when it comes to what crops they will plant this year. From that, we can get a sense of the total amount of acreage that […]
The Current Oil Price Rally Is Reaching Its Limits
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. U.S. oil production has steadily lost ground over the past two quarters, with […]
Three Buy-Ranked REITs With Strong Fundamentals And Dividends
The Fed expects to raise interest rates only twice this year.That’s half the number of rate increases it originally expected to make in 2016.The reduced number of anticipated rate hikes is largely due to the fact that there are international economic concerns which can negatively impact growth in the United States. As interest rates stay […]
WTI Crude Oil Price Forecast: Could It Be That Easy?
Could it happen again? The move higher in WTI Crude Oil, a 61% rally off the February 11 low, has been mind numbing. Quarter after quarter, we have seen arguments about why the price of oil will likely not rise, but over the last month what we have seen the price of oil do, is […]
Aussie Banks Under Pressure, USD Up, Oil Prices Down
U.S. equities showed losses overnight as fresh declines in oil prices pushed Asia markets lower Thursday morning. Concerns the Federal Reserve may hike interest rates sooner than expected kept prices down. According to a representative at Mizuho Bank, “Expectations of an earlier Fed tightening are now seeping through markets, albeit at a slow pace with […]
2 Stock Market Indicators At Critical Levels
Last year, in July, an important trend change took place. Volatility exploded in all markets, certainly stocks and crude oil, leading to huge losses in very short periods of time. Since then, key indicators for stocks have been the volatility index VIX and crude oil, as explained here. On the chart of the S&P 500, we clearly see […]
