Author Archive: Jeremy Parkinson
What (Or Who) Is “Sarbanes-Oxley”?
Way back in 2002, you may remember something about a company called Enron, a company called WorldCom, and one of the big 5 (now 4) auditing firms, Arthur Anderson. In a very broad nutshell, Enron and WorldCom intentionally deceived investors into believing that they were making a lot of money when in reality the company was […]
Stocks Watchlist: CIEN, DOW, BLL
We could be in for an interesting day on the stock market if the closing price action is any indication. Bulls still have control of this market on the daily charts, but the bears intraday finally showed some signs of life today. Keep an eye out for that and make sure to keep. Here’s the […]
Sensex Slip On Profit Booking, Metal Index Down 1.8%
After opening the trading day on a cautious note, Indian markets witness selling momentum in morning trade amid weak global markets. Losses are largely seen in oil & gas stocks and metal stocks. The BSE Sensex is trading lower by 140 points and the NSE Nifty is trading lower by 42 points. The BSE Mid Cap index is trading down by 0.5% while the BSE […]
Nimble Stock Soars 46% On $1 Billion Takeover Offer
Nimble Storage Inc. (NMBL – Free Report) skyrocketed by 46% to $12.58 yesterday after Hewlett Packard Enterprise (HPE – Free Report) announced their $1 billion acquisition of Nimble. Founded in 2007, Nimble is headquartered in San Jose, CA. The technology company makes flash-optimized storage devices and a combination of hard disk and flash drives. The flash storage device technology tends to […]
Asian Stocks Continue Climb As Wall Street Continues To Fall
Asian stocks moved higher on Wednesday morning following positive Chinese trade data that showed signs of a strengthening global economy. China’s imports expanded 44.7 percent in February from the prior year, a growth that piggybacked off of January’s growth and caused an unusual trade deficit in China. The country’s exports rose 4.2 percent. A near […]
Japan Dumps US Debt In Longest Streak Since June 2013
As you’re no doubt aware, Japanese investors have been dumping US debt. “Data from Japan’s Ministry of Finance confirmed this past week that Japanese investors sold around ¥1.3 trillion ($11.52 billion) in foreign bonds between Jan. 21 and Jan. 28, taking net sales for the past 12 weeks to more than ¥3.7 trillion, the largest […]
5 European Stocks To Buy As Trump Rally Weakens
The market rally finally seemed to flag on Monday and the Dow fell below 21,000 for the first time since breaching this barrier on Mar 1. Geopolitical tensions and fresh allegations made by President Trump against his predecessor combined to drag stocks lower. Also adding to investors’ worries was an imminent rate hike, following indications […]
RBNZ Gov. Wheeler Reiterates No Changes To OCR In The Near Term
The RBNZ Governor Wheeler gave a speech last week in Auckland where he defended the RBNZ’s policy decision to keep interest rates steady. He said that there were significant downside risks to the outlook for the global economy, especially the protectionist policies from the new U.S. administration. On the domestic front, the RBNZ Governor highlighted […]
January 2017 Consumer Credit Headlines Say Year-Over-Year Growth Rate Declined. Well Under Expectations.
The headlines say consumer credit rate of annual growth SIGNIFICANTLY decreased from last month. Our analysis agrees. Analyst Opinion of the Consumer Credit Situation Not only does this data set suffer from backward revision (moderate to significant enough to change trends), but the use of compounding (projecting monthly change as annual change) by the Federal […]
Dow Euphoria
Following President Trump’s speech the Dow Jones Industrial Average (Dow) easily broke 21,000, and closed at another all-time high – 21,115. The Dow closed up for the 12th consecutive day on Monday February 27, another three decade record. Excel calculated the Dow’s daily Relative Strength Index (RSI – 14 period), a technical timing oscillator. It reached 97.75 (maximum = 100.00) […]
