Author Archive: Jeremy Parkinson
Facebook Price Target Raised To $210 From $182 At JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Facebook (FB) shares to $210 saying the company last night reported another strong quarter. The stock in premarket trading is up 4% to $172.60. Facebook continues to show a “rare and impressive” combination of scale, growth, and profitability, Anmuth tells investors in a post-earnings research note. […]
Deutsche Bank, Bayer Undercut DAX, Even As Germans Most ‘Euphoric’ Since Reunification
It’s been a rocky five-session stretch for German equities. Last Friday, German stocks had a particularly rough go of it after reports of possible automaker collusion conspired with (get it?) jitters about Berlin’s increasingly fraught relationship with Ankara and a stronger euro to weigh on risk sentiment. Fast forward to this week and after a […]
Comcast Corporation 2Q 17, Verizon Communications Inc. 2Q 17 Earnings
Comcast 2Q 17 earnings and Verizon 2Q 17 earnings were released before opening bell this morning. Comcast reported adjusted earnings of 52 cents per share on $21.16 billion in revenue, compared to the consensus estimates of 49 cents per share and $20.87 billion in revenue. In last year’s second quarter, the cable TV and Internet […]
Shell Versus Shale
Who says that the U.S. oil supply picture in not getting in balance? Oil supply in the US fell by 7.2 million barrels down over 50 million barrels since the end of March. It would have been over 60 million barrels if it were not for the reclassification of oil released from the Strategic Petroleum […]
WTI Crude Oil And Natural Gas Forecast – Thursday, July 27
WTI Crude Oil The WTI Crude Oil market initially fell during the session on Wednesday, but found plenty of support underneath as the US dollar cratered. This was due to the Federal Reserve sounding a bit more dovish than anticipated, and that of course works against the currency. By forming a hammer, I believe we […]
Gold – Breaking Above 6-Year Falling Resistance
Below looks at the ratio of Gold compared to the US Dollar over the past 20-years. The ratio reflects that some long-term trends have taken place and the ratio is making an attempt to do something it hasn’t been able to accomplish in 6-years. The ratio broke above 6-year falling channel back in 2001 at […]
Starbucks To Acquire Remaining Shares Of East China JV For $1.3B
Starbucks announced entry into a definitive agreement to acquire the remaining 50% share of its East China business from long-term joint venture partners, Uni-President Enterprises Corporation and President Chain Store Corporation for approximately $1.3B in cash consideration in the largest single acquisition in the Company’s history. Starbucks will assume 100% ownership of approximately 1,300 Starbucks […]
Twitter Plunges After US Monthly Users Drop; Ad Revenues Tumble
There was some good news and a lot of bad news in the just released Twitter (TWTR) results. First the good news: the company reported Q2 Revenue and EPS of $573.9MM and $0.08, beating already depressed expectations of $537.2MM and $0.05. That was about it for the good news. Now the bad: first, the company […]
GBP/USD Higher On Fed Outlook
The Pound Sterling earlier struck a 10-month peak versus the US Dollar, largely due to a weakened greenback after the Fed’s unexpected outlook on inflation. Yesterday, as largely expected, the Fed left the benchmark lending rate at the existing level; however, it’s inflation forecast was not as optimistic as it had been in the past. […]
UniCredit Says Hackers Stole 400,000 Clients’ Personal Loan Data
UniCredit announced it has been the victim of a security breach in Italy due to unauthorized access through an Italian third party provider to Italian customer data related to personal loans only. A first breach seems to have occurred in September and October 2016 and a second breach which has just been identified in June […]
