Author Archive: Jeremy Parkinson
Pfizer Inc. Suddenly Faces Stiff Breast Cancer Drug Competition From Novartis
Pfizer Inc. (PFE) had been just the only player in a very specific breast cancer treatment game, but now Novartis (NVS) has entered the race with a brand new drug that could be a blockbuster and threaten Pfizer’s dominance.
More On The Oil Oversupply And OPEC’s Lost Swing Production Dominance
Bloomberg oil analyst Javier Blas reported earlier today that Saudi Arabia has told OPEC that it lifted oil production in February, despite the ongoing OPEC production cut agreement with Russia. In essence, the Saudis have rolled back approximately one-third of the original production cut that they just agreed to in November. Why this matters: The […]
The Stock Whisper Of The Day: GDX, SPY, IWM
Hot stocks of the day: GDX, SPY, IWM Video length: 00:03:51
6 Bullet Points Explain Why You Should Be Wary On Wednesday
On Monday in “These Charts Do Not Scream ‘Ready For A Super Aggressive Fed’“, we warned that a fairly rapid repricing higher of yields is being met with price action that suggests markets aren’t prepared to digest an overly hawkish message. Commodities are in free fall, HY spreads are widening, IG is selling off now […]
Snow Job
A OPEC snow job. What is Saudi Production? Oil prices thwarted a early morning recovery on a private report that put Saudi oil production above 10 million barrels a day. Not so according to the Official OPEC data that said that said its production decreased 139,500 barrels a day in February, to average 31.96 million […]
E U.S. Jobs Report Gives The All Clear For A Rate Hike
US businesses added 235k workers to the payrolls in the month of February, which was more than the forecasts of 200k, official data from the U.S. Bureau of Labor Statistics showed on Friday. The U.S. unemployment rate fell from 4.8% to 4.7% in February as widely expected, but the pace of the average hourly earnings […]
Political Uncertainty Weighs On Euro
The Euro continues to come under pressure as a result of political uncertainty in upcoming elections in France and the Netherlands. Investors are worried about surprise outcomes, especially given the events in the UK and the US which brought us a Brexit and Trump presidency. Investors are also wary of a dovish European Central Bank […]
British Pound Collapses To 2 Month Low
The markets have traded in a tight range during the Asian session but Europe has started with a bang. GBP/USD is already trading 100 pips lower than 2 hours ago on speculation that the imminent Article 50. However, Scotland is looking for a new independence vote in 2018 or 2019. Hence, the pressure for a weaker Pound […]
E Market Briefing For Tuesday, March 14
Overt obstacles obviously overlooked overarching technical behavior; as you know leaving the market pundits either confused or groveling, for some sort of an ‘explanation’ as to why the market fails to accommodate their very aggressive calls for decline, or even carnage; none of which is happening. Here that’s no surprise despite our own recognition that […]
Day Trading Stock Picks For This Week Tuesday, March 14
There were so many oil stocks on the list this week that I put the cut off at 15 million shares (just for oil stocks) to help filter it down. Fairmount Santrol Holdings (FMSA) Average day range (30) is 6.54% and average volume (30) is 5 million. Cliffs Natural Resources (CLF) Average day range (30) is […]
