Author Archive: Jeremy Parkinson
Applied Optoelectronics – Chart Of The Day
The Chart of the Day belongs to Applied Optoelectronics (AAOI) a repeat that was highlighted back in January. I found the fiber optics stock by using Barchart to sort today’s All Time High list, first by the highest Weighted Alpha, then again by technical buy signals. Since the Trend Spotter signaled another buy on 8/12 the stock gained 31.75%. Applied Optoelectronics, […]
Expedia Surpasses Q2 Earnings, Revenue Estimates
Expedia Inc. (EXPE – Free Report) reported second-quarter 2017 adjusted earnings of 66 cents per share, which surpassed the Zacks Consensus Estimate of 60 cents. Earnings were up 65% from the year-ago quarter. Revenues of $2.59 billion were up 18.2% sequentially and 17.8% year over year and came ahead of the Zacks Consensus Estimate of $2.54 billion. Gross […]
Dunkin’ Brands (DNKN) Beats Q2 Earnings Estimates, Sales Lag
Shares of Dunkin’ Brands Group, Inc. (DNKN – Free Report) were up nearly 2% in the trading session on Jul 27, after the company reported mixed second-quarter 2017 results. While, the bottom line outpaced the Zacks Consensus Estimate, the top line lagged the same. Earnings and Revenues Discussion Adjusted earnings of 64 cents per share beat the Zacks Consensus […]
The “Real” Goods On The June Durable Goods Data
Earlier today the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
Mediocre, Tailing 7 Year Auction Following Yesterday’s Short Squeeze
After two surprisingly strong auctions earlier in the week, when the Treasury sold both 2 and 5 Year paper to unexpectedly brisk demand ahead of the FOMC meeting, which bounced despite a record high short interest in 2Y futs, moments ago the last auction of the week closed when $28 billion in 7 Year paper was sold […]
GBP/USD Elliott Wave Forecast: Bearish Impulse Wave
Elliott Wave Forecast GBP/USD Short Term Bearish trend is present in GBP/USD currency pair, 15 minutes chart. As I have suggested a few hours ago, during my daily Forex Live Trading Room session, the price of GBP/USD currency pair is falling down on a short-term basis to create a Bearish Impulse Elliott wave pattern and […]
General Dynamics: Another Solid Quarter, Overvaluation Persists
Part-way through earnings season, the outlook remains bright. Many of the most high-quality dividend stocks have beat expectations, and corporate earnings seem to be growing at a rate higher than previous expectations (although time will tell if this trend holds). On July 26, General Dynamics (GD) reported earnings for the three-month period ending July 2, […]
USD/CAD: Is A Low In Place? US, Canada GDP On Deck
USD/CAD Daily Chart Technical Outlook: USD/CAD reversed sharply today off confluence support at 1.2415 (low was 1.2413) – this level is defined by a long-term 61.8% ext of the broader decline off the 2016 high and converges on a parallel support extending off the 9/21 swing low (red). Note that daily momentum is also attempting to break […]
There’s A Storm A Comin’
Bloomberg interviewed Alicia Munnell from the Boston College Center for Retirement Research. She of course has come to be a thought leader for what ails the Social Security system. Shockingly it boils down to three things; cutting benefits, raising the cap one way or another or some combo of both. I’ve framed it numerous times by saying […]
Durable Goods New Orders Improves In June 2017
The headlines say the durable goods new orders improved. The unadjusted three month rolling average improved. .Analyst Opinion of the Durable Goods Situation Our analysis is more positive than the headlines as we see improvement this month. Civilian aircraft were the main headwind this month. If one removes aircraft – this is a soft report. […]
