Author Archive: Jeremy Parkinson
Lam Research Corporation’s Q3 Earnings And Guidance Easily Top Expectations
Lam Research Corporation (NASDAQ:LRCX) Tuesday posted market-beating fiscal third quarter earnings results and offered a bullish forecast for the current period… Written by StockNews.com The Fremont, CA-based semiconductor equipment maker reported: Q3 earnings per share (EPS) of $2.80, which was $0.25 better than the Wall Street consensus estimate of $2.55. Revenues surged 63.9% from last […]
The Myths And Truths Of The Market’s Wild West
Pull into Pinos Altos, NM and get a sense of the old Wild West. Trade the current market and also get a sense of the old Wild West. Both the market and the Wild West are fraught with myths and truths. Determining what is myth and what is truth makes them difficult to figure, while […]
New Patterns Of Disturbance
Having finally established that the economy of the “rising dollar” was appreciably worse than first estimated, we can turn our attention back toward figuring out what that means for the near future and beyond. According to the latest estimates for Industrial Production, growth has returned but in the same weird asymmetric sort of way that is actually […]
IBM Tumbles After Posting Lowest Revenue In 15 Years, 20th Consecutive Quarter Of Declining Sales
Last quarter, IBM almost fooled the market when it “beat” but only thanks to using the lowest effective tax rate in recent history (excluding one charge-fulled quarter when the rate was negative). Well, fast forward one-quarter when IBM has done it again, if only on a GAAP basis, because, in the three months ended March 31, […]
Bonds Biggest Risk To Stocks
Stocks ended the day slightly lower as poor earnings from GS and JNJ pulls the markets down. However, the big mover of the day was the Bond market. For those that don’t know the bond market is much larger than the stock market. Bonds are a flight to safety and with volume extremely light in […]
Agriculture Markets Report – Tuesday, April 18
A review of the day’s trading in the agriculture markets. Video Length: 00:09:33
Gold Continues To Trump Resistance On Geopolitical Tensions
In “Post-Fed Rally: Good as Gold”, I concluded that gold futures prices looked “poised to shape a new upleg and test $1281 in coming weeks”. The level, corresponding to both a 61.8% Fibonacci retracement and a 61.8% target, constituted a fairly significant technical resistance and bypassing this threshold is a notable bullish development. Over the […]
Intuitive Surgical, Inc. Q1 Earnings Beat As Da Vinci Sales Rise 13%
Written by StockNews.com Intuitive Surgical, Inc. (Nasdaq: ISRG) late Tuesday posted market-beating first quarter results, as its revolutionary surgical robotic-assisted surgery machine continues to prove very popular. The Sunnyvale, CA-based surgical system maker reported: Q1 earnings per share (EPS) of $5.09, which was $0.11 better than the Wall Street consensus estimate of $4.98. Revenues rose 13.4% […]
IBM Shares Slump On Sales Miss, Yahoo Reports Earnings
Yahoo (YHOO) and IBM (IBM) released their latest quarterly earnings report after closing bell tonight. IBM reported adjusted earnings of $2.38 per share on $18.2 billion in revenue, compared to the analyst estimates of $2.35 per share and $18.4 billion. In the year-ago quarter, the company reported $2.35 per share in non-GAAP earnings and $18.7 […]
The US Dollar Is Determined To Have A Showdown
The US Dollar is determined to have a showdown with its 200-day. With all the global tensions I would have thought the dollar would be doing better. I haven’t had time to read the news so I don’t know if this selling is news related. Or maybe it doesn’t matter. People just didn’t want to […]
