Author Archive: Jeremy Parkinson
E We Are In A Goldilocks Trading Environment
Trading Strategy Since Fed Chairwoman Janet Yellen testified to Congress mid-month, a run-up has taken over in both bonds and stocks. Yellen’s note of caution over months of lackluster inflation has led investors to expect a slower pace of monetary tightening that could extend this “Goldilocks” environment that supports both assets. In the updated chart […]
Redfin Ignores The Elephants
Redfin (RDFN $12-14) is planning to come public this week. The company is basically an online platform for residential real estate sales. Elephant #1: Zillow Anyone familiar with this space would know that it’s dominated by Zillow (Z) which has been an active consolidator in the space (they acquired their main competitor Trulia in 2014.) Zillow is a […]
JetBlue Airways Tops Q2 Earnings & Revenue Estimates
Low-cost carrier, JetBlue Airways Corporation’s (JBLU – Free Report) second-quarter 2017 earnings (excluding special items) of 64 cents per share beat the Zacks Consensus Estimate by 8 cents, which pleased the investors. Consequently, shares of the company rallied in early trading. Moreover, quarterly earnings improved 20.75% from the year-ago figure. Results were aided by higher revenues. Operating revenues came […]
Seagate Technology (STX) Misses Q4 Earnings & Revenues
Seagate Technology Plc (STX – Free Report) is one of the largest manufacturers of hard disk drives (HDD) which caters to the needs of individual and small businesses. However, for the past few years the company is focusing on the larger enterprise segment, where technology upgrades and cloud-related investments are on the rise. Moreover, Seagate’s cloud-based applications have […]
Richmond Fed Manufacturing: July Composite Index Remains Upbeat
Today the Richmond Fed Manufacturing Composite Index increased 3 points to 14 from last month’s 11. Investing.com had forecast 4. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 9.3, indicates expansion. Seasonal adjustment factors were recalculated to better reflect current economic trends […]
Amazon Business Says Now Serves Over 1M Business Customers In The U.S.
Amazon Business announced that it now has more than one million business customers since launching in April of 2015, offering business-only pricing on millions of products and access to more than 85,000 business sellers. Amazon Business serves businesses of all sizes and across industries, including hospitals, educational institutions, labs, daycares, government agencies, restaurants, Fortune 50 […]
7 Things Investors Have To Know About The Upcoming Bitcoin Fork
In this article, our research team put together facts we think our readers need to know about the upcoming Bitcoin upgrade. Although our publications are usually focused on Ethereum, we believe this is an important event that will impact all cryptocurrencies and we expect some volatility during the upcoming weeks, specifically for Bitcoin. 1. The date and the event […]
E EUR/AUD: Three-Wave Completed, Correction Shows More Gains Ahead
EUR/AUD looks to have completed its three wave correction near the Fibonacci ratio of 50.0, which now means that more gains may follow on the pair. We can already see the price turning higher towards the upper channel line. Once the upper channel line is breached, we can say that a change in trend is […]
Deeply Flawed Economic Models Need To Change
Good discussion here on economic reality. One caveat: when asset managers speak of moving capital from Europe and China to US stocks and ‘more conservative’ sectors as defensive in bear markets, they mean they hope and expect that US equities will drop less than other developing market securities, ie., maybe -50% rather than -70%. Individuals […]
FOMC On Deck, But What Can Resuscitate A Moribund U.S. Dollar?
Tomorrow brings the July FOMC rate decision, and there is no press conference after the statement is released at 2PM ET. Given that the Fed just posed a rate hike, and also taken with the fact that the bank has appeared rather reticent to roll out any ‘new’ information at a non-press conference meeting, and […]
