Author Archive: Jeremy Parkinson
February 2017 CPI: Year-Over-Year Inflation Rate Now 2.7%. Inflation Grabbing
by Doug Short / Jill Mislinski and Steven Hansen According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 2.7 % – up from than last month’s 2.5 %. The year-over-year core inflation (excludes energy and food) rate declined 0.1 % to 2.2 %, and remains slightly above the target set by the Federal Reserve. Analyst Opinion of the […]
Retail Sales Rise 0.1% In February, January Revised Higher, Auto Sales Decline: Weather And Seasonal Adjustments
Retail sales rose the Econoday consensus of 0.1% in February, a weak reading. However, January was revised from a solid 0.4% to a strong 0.6%. Interestingly, auto sales fell in both January and February. Did consumers switch from buying autos to buying more junk? A surprising point in this report is that these headline gains, though less […]
Is A Fed Rate Hike Good Or Bad For Treasuries?
Well, it’s probably a stretch to say the next installment in the Fed’s tightening cycle is finally here. After all, as Bloomberg’s Richard Breslow, a former FX trader and fund manager, notes, it was only a couple of weeks ago that this foregone conclusion wasn’t even on the market’s radar. The abrupt about-face was jarring […]
After Valeant, Here Are 5 Drug Stocks Bill Ackman Should Buy Instead
Billionaire investor, Bill Ackman, has finally decided to pull out his investment in Canada-based drugmaker Valeant Pharmaceuticals International, Inc. (VRX – Free Report) . Hedge fund Pershing Square made the announcement earlier this week and said that while Ackman and Steve Fraidin will remain on the Valeant board until the upcoming annual meeting, they will not seek re-election. Valeant’s […]
How Small Is Your Small-Cap Index?
After Donald Trump’s presidential election victory on November 8, 2016, U.S. small-cap stocks enjoyed a significant upward move. We believe further interest is justified in the following scenarios: If there is corporate tax reform, we’ve found that small-cap stocks do in fact tend to pay higher effective tax rates than large-cap stocks. If the statutory rate for […]
Jefferies Ups Finisar To Buy On Valuation, M&A Potential
Shares of Finisar (FNSR) are on the rise after Jefferies analyst James Kisner upgraded the stock to Buy, citing “compelling valuation” and optionality around accretive M&A. As he remains bullish on the entire telecom equipment/wireless sector, the analyst noted that Finisar’s recent soft results and guidance stemmed from technical product issues that should be resolved […]
MSCI Inc. Rejects $11 Billion Initial Offer Price From S&P Global Inc
According to sources familiar with the matter, S&P Global Inc. (NYSE:SPGI) is attempting to buy fellow stock index provider MSCI Inc. (NYSE:MSCI) for $11 billion, but its initial offer price has been declined. Written by StockNews.com The Evening Standard has some details on the big M&A attempt: City sources said MSCI, a Morgan Stanley spin-out […]
Twitter Birds Fly South As MAs Rise Overhead
Twitter to generate $0.06 billion less in mobile advertising revenue for 2017 It’s all about the numbers with Twitter, and they simply don’t add up. The recent performance of the stock has resulted in a discouraging trend forming. From February 2017, the price of Twitter moved sharply lower than both its 50-day moving average of […]
SPX Index Elliott Wave View: Buying The Dips
4 Hour SPX Index Elliott wave chart 03.15.2017 Elliott Wave sequence analysis of SPX Index from 11/4/2016 low (2083.79) suggests the Index is rallying in a 5 swing bullish sequence and has not reached the 100% – 123.6% target area of 2453 – 2500. The structure of the rally is unfolding as a double […]
Will The Fed Push The Dollar Higher? Two Opinions
Apart from our own Fed preview we also provide outlooks from others. Here are two hawkish opinions: Here is their view, courtesy of eFXnews: USD Into FOMC: Looking For Pullbacks As Buying Opportunities – TD TD Research notes that the core of attention at today’s FOMC policy decision will center on the tone, dots, and forecasts. In […]
