Author Archive: Jeremy Parkinson
PayPal’s Stock Dips After Google Announces Money Transfer Feature
PayPal’s (PYPL – Free Report) stock closed the day down 1.5% on Tuesday to $42.10 after Google announced in a blog post that users would now be able to send and receive money in their Gmail app. Alphabet’s (GOOGL – Free Report) Google said that users would be able to receive and request money as an email attachment through their Gmail App on Android. […]
E Biotech Pulse! Sector Has Momentum
Biotechnology continues to be a sector on the rebound after a punishing 2016. In the first two months of this year, the Nasdaq Biotechnology Index (IBB) has already climbed +12%, compared to the S&P (SPY) gain of +6% and the Nasdaq (QQQ) rise of +8%. The Prudent Biotech Portfolio also moved higher with a gain of […]
Dow Jones News: Markets Fall As March FOMC Meeting Starts
In Dow Jones news today, the Dow slid again as investors prepare for another interest rate hike from the U.S. Federal Reserve. Winter weather also played a role in pulling down transportation stocks as blizzard conditions on the East Coast stifle economic activity. Let’s look at the numbers from Tuesday for the Dow, S&P 500, and Nasdaq: Dow Jones: 20,837.37; […]
Time To Get Back Into Gold Stocks
Gold stocks have been on their not-untypical first-quarter ride, rallying 33% from the mid-December lows before giving back most of that move. The decline in mining circles is known as the “PDAC curse,” since it occurs right before the world’s largest mining conference in Toronto. This year’s show, which attracted over 24,000 attendees, up a […]
CBO Rates Ryancare
In this article, I will review the latest charts which show the speculative craze the stock market is in. Then, I will update you on the latest information on the GOP’s healthcare plan. On Tuesday, the NFIB will release its latest survey on business optimism; it has been the poster child for the positive survey data. […]
Nowcasting With OMB Director Mick Mulvaney
Since Mr. Mulvaney has been criticizing the numbers produced by the BLS [1], and scoring by CBO [2], I thought it of interest to see Mr. Mulvaney’s record on predictions. To make things easy on Mr. Mulvaney, I thought it would be more fair to evaluate his “nowcasting” abilities. In July 2016, Mr. Mulvaney gave a speech […]
‘Twas The Night Before A Rate Hike
Volatility picked up this storm day in NYC and on the even of a likely 0.25% rate increase. That said, the rate hike is baked in and I don’t see this little spat of weakness as anything other than that, for now. I saw some strength in metals and did try a NUGT position Monday […]
Nicolas Darvas Box Trades
Nicholas Darvas Box Trades to watch for: Darvas Box trading was started by Nicolas Darvas a long time ago and even wrote a book titled, “How I made 2,000,000 in the Stock Market” and it is one of my favorite trading books of all time. It is actually a very quick read, and you can purchase […]
Deeper Penetration Of Doubt?
Something had to give one way or the other. With all the oil traders piled onto the long side, either demand had to seriously pick up (or plausibly appear ready to do so) or the weak hands would start to capitulate. But as WTI has pulled back from $54 to around so far $48, the […]
Cisco Seen As Best Fit Amid Citrix Potential Sale
Shares of Citrix Systems (CTXS) are under pressure today, shedding part of Monday’s gains after media reports said the company is working with advisers on a potential sale. Commenting on the news, Citi analyst Walter Pritchard told investors he believes Cisco Systems (CSCO) has the most obvious fit among the strategic buyers, but noted that […]
