Author Archive: Jeremy Parkinson
Econoday Parrot Squawks Again After Sentiment Rebounds To 17-Year High
The Econoday parrot is once again squawking about consumer sentiment, long after any correlation between sentiment and consumer spending has been disproved. After cooling in February and March, the consumer sentiment index is showing new strength. Preliminary April index is up 1.1 points to 98.0 which beats the Econoday consensus by 1 full point and Econoday’s […]
Energy Reversal
Energy is far and away my biggest focus these days, both by way of a huge long ERY position and a ton of energy shorts. It’s all riding on this chart…
Bristol-Myers Squibb To Out-License Drugs To Roche & Biogen For A Total Of $470 Million In Cash
Written by John Carroll Bristol-Myers Squibb Co. (NYSE: BMY) has forged a pair of separate pacts with Roche Holding Ltd. (PINK: RHHBY) and Biogen Inc. (Nasdaq: BIIB) to out-license two drugs, grabbing a whopping $470 million upfront for the deals. With $615 million in milestones possible the deals total about $1.1 billion, plus royalties. Biogen gets control of […]
Preliminary April 2017 Michigan Consumer Sentiment Inches Up
by Jill Mislinski, Advisor Perspectives/dshort.com The University of Michigan Preliminary Consumer Sentiment for April came in at 98.0, up from the March Final reading of 96.9. Investing.com had forecast 96.5. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment inched upward in early April mainly due to more favorable views of current economic conditions. The […]
The Recent Presidio IPO Fails To Create Interest
Many expected the Snap IPO earlier this year to help drive more tech Unicorns into the public markets. Some have followed suit and listed, but to rather unimpressive results. One such company is IT solutions provider Presidio (PSDO). Presidio’s Offerings Presidio, formerly known as Aegis Holdings, was founded in 2003 by Pete Kocks. It was […]
JAB Holdings to buy Panera Bread for $7.5bn
On April 4, Krispy Kreme owner JAB Holdings signed a $7.5bn deal to acquire bakery chain Panera Bread – representing the biggest restaurant deal in US history. The news caused shares in Panera to jump 14 percent, reaching record highs of $312.98. The companies hope to close the deal in the third quarter of 2017, […]
US approves $43bn ChemChina-Syngenta deal
On April 4, the US Federal Trade Commission (FTC) approved a $43bn merger between Swiss chemical company Syngenta AG and China National Chemical Corp (ChemCorp). While Syngenta hailed the decision as a “major step” in the process, FTC approval carried the condition that each company must divest three types of pesticide: the herbicide paraquat, the […]
EUR/JPY Elliott Wave View: Pullback Ended
Short term Elliott Wave view in EURJPY suggests that the decline to 118.18 on 2/24 ended Primary wave ((4)). Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as an ending diagonal Elliott wave structure where Intermediate wave (1) ended at 122.88. The subwaves of Intermediate wave (1) takes […]
Greenback Consolidates Losses As Yields Stabilize
The US dollar remained under pressure in Asia following the disappointment that the FOMC did not signal a more aggressive stance, even though its delivered the nearly universally expected 25 bp rate hike. News that the populist-nationalist Freedom Party did worse than expected in the Dutch elections also helped underpin the euro, which rose to […]
