Author Archive: Jeremy Parkinson
E M&A Spotlight: Michael Kors Acquires Jimmy Choo
With the most recent M&A Activity, we have a partnership between Michael Kors (MIK) and Jimmy Choo. Both companies, who have had their fair share of respectable growth and dominance in the luxury retail / apparel space, have agreed to a deal where Michael Kors is purchasing Jimmy Choo for roughly $1.2 billion. Michael Kors, […]
Big Earnings Week
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 66 = 21,513 SPX – 2 = 2469 NAS + 23 = 6410 RUT + 2 = 1438 10 Y + .02 = 2.25% OIL + .66 = 46.43 GOLD + .50 = 1256.00 BITCOIN – 0.40% = 2767.87 USD ETHEREUM – 0.66% […]
Gold Prices Shrug Off Upbeat US Data With FOMC In Focus
Gold prices stalled, shrugging off an encouraging set of July US PMI figures that showed nonfarm activity growth grew at the fastest pace in six months. The outcomes were apparently insufficient to inspire a rethink of the recent dovish turn in Fed rate hike expectations ahead of the FOMC policy announcement due later in the week. Consumer confidence data is on tap […]
Trick Question: How Is The Momentum Factor Performing YTD?
If you ask your typical long-only investor (or financial advisor) how momentum is doing this year they’ll likely say, “Amazing!” This statement will almost surely be based on the fact they own (or know about) the iShares “Momentum Factor” Fund (Ticker: MTUM). MTUM is on fire year to date (through 5/31/2017):(1) 17.42% based on market prices versus […]
Leading Indicators Not Suggesting Imminent Market Peak, Recession
Several skeptics responded to our piece last week looking at the yield curve as a leading indicator (see Yield Curve Not Suggesting Imminent Market Peak, Recession) by saying that the yield curve is no longer reliable because of the Fed’s distortions on the market. This was essentially the same view given by Bill Gross in his July […]
Alphabet Q2 Earnings In-Depth: Cost-Per-Click Down 23%
Alphabet Inc. (GOOGL – Free Report) reported its second-quarter earnings after the closing bell on Monday. The internet powerhouse posted strong revenue numbers, while profits dipped thanks to a massive EU fine. Shares of Alphabet fell 3.01% in after-hours trading to $969.83 after it reported its second-quarter earnings. Alphabet is currently a Zacks Rank #3 (Hold) and […]
Lennox International Inc. Reports New All-Time Highs For Revenue, Total Segment Margin & Profit In Q2
Lennox International Inc. (LII), a global leader in the heating, air conditioning, and refrigeration markets, today reported that revenue for the second quarter was up 8% to a record $1.102 billion FINANCIAL HIGHLIGHTS Revenue: UP 8% to $1.102 billion Gross Profit: UP 8% to $341 million, up 8% Gross margin: Flat at 30.9% Income from […]
EC Why It Will Continue, Again Continued
Part of “reflation” was always going to be banks making more money in money. These days that is called FICC – Fixed Income, Currency, Commodities. There’s a bunch of activities included in that mix, but it’s mostly derivative trading books forming the backbone of math-as-money money. The better the revenue conditions in FICC, the more […]
Barclays Exit Of Energy Business Triggers Surge In Oil Options Trades
Several hours before the US stock market opened on Monday, the commodity world was shaken by an unexpected surge in crude options trades, with traders noting that “someone is either moving positions, blown up or getting out of commodities. MASSIVE amount of blocks going through in crude options.” Someone is either moving positions, blown up […]
Sector Strength – Monday, July 24
We are on watch for a peak in this short-term uptrend. This failed break out for the Transports is a bit worrying, but so far not too much damage has been done. The bullish percents continue to support the market uptrend. Sector Strength What is this spreadsheet telling us? QQQ is still the market leader, […]
