Author Archive: Jeremy Parkinson
July 2017 Headline Existing Home Growth Slows Again
The headline existing home sales growth slowed with the authors saying “Contract activity has mostly trended downward since February and ultimately put a large dent on closings last month”. Our analysis of the unadjusted data agrees. Analyst Opinion of Existing Home Sales The rolling averages have been slowing in 2017 – so it is easy […]
Existing-Home Sales: July Sales Down Again
This morning’s release of the July Existing-Home Sales decreased from the previous month to a seasonally adjusted annual rate of 5.44 million units and the June figure was revised downward by 10K. The Investing.com consensus was for 5.57 million. The latest number represents a 1.3% decrease from the previous month and a 2.1% increase year-over-year. Here is […]
3 Stocks Under $10 Worth Exploring
Each investor is on the hunt for different things. For beginning investors, the lower the stock price the better. This is because most new investors don’t have a lot of money to invest with. They are looking to get the most shares for the least amount of money. For these investors, I present 3 hot […]
India’s Local Search Engine Justdial Needs To Dial Up Innovation
India is estimated to have about 51 million small and medium businesses, out of which only 32% are online. Local business listing service Justdial (NSE: JUSTDIAL) has long benefited from the unorganized nature of the Indian business world. Justdial’s Journey Justdial was founded in Mumbai as a local search service provider in 1996 by CEO VSS Mani. […]
Gold Misses Breakout Opportunity
Last week, gold failed to effectively breach the $1,300 level. What does it mean for the gold market? On Friday, gold hit intraday $1,306 at Comex, a level not reached since the Election Day. However, the rally turned out to be unsustainable, as the rebound in the U.S. dollar exerted downward pressure on the yellow metal. […]
August 2017 Initial Unemployment Claims Rolling Average Marginal Improvement Continues
The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 234 K to 240 K (consensus 236,000), and the Department of Labor reported 234,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 240,500 […]
Paratek Pharmaceuticals, Inc. (PRTK) Catches Eye: Stock Up 27.3%
Paratek Pharmaceuticals, Inc. (PRTK – Free Report) was a big mover last session, as the company saw its shares rise over 27% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $18.90 –$22.90 in […]
Existing Home Sales Slump To 11-Month Lows; NAR Warns “Prices Are Rising Way Too Fast”
For the first time since 2015, existing home sales fell in back to back months (-2.0% in June, -1.3% in July), dramatically missing expectations of a 0.5% bounce. Following the plunge in new home sales, existing home sales tumbled to their lowest SAAR since Aug 2016 as inventories dropped mdoestly (and home prices rose 6.2% YoY) The […]
Tiffany & Co. Reports Modest Net Sales Increase & Improved Operating Margin For Q2; Maintains Guidance For FY’17
Written by Lorimer Wilson Tiffany & Co. (NYSE:TIF) today reported modest net sales increases and improved operating margins contributed to growth in diluted earnings per share for the second quarter ended July 31, 2017 and management maintained its sales and earnings guidance for the full year. About Tiffany Tiffany, a jeweler founded in New York […]
US Existing Home Sales Miss With 5.44 Million – USD Ticks Down
A small miss: 5.44 million against 5.57, a drop of 1.3% instead of an expected rise. The data is not shocking, but enough to push the greenback a few pips lower. A significant follow-through seems unlikely. Markets are taking it easy, waiting for the bigger event which is the Jackson Hole Symposium at Wyoming. Sales […]
