Author Archive: Jeremy Parkinson
Goldman Smashes Expectations As Trading, Prop Revenues Surge, “Average” Employee Makes $322,607
After the rest of the major US banks posted solid beats, mostly on the back of a strong rebound in markets-driven revenue, there was little concern that Goldman Sachs (GS) – the pure-play trading powerhouse (at least until the recent launch of a retail lending and deposit operation) would likewise surpass Wall Street’s expectations, and […]
Turnaround Tuesday – Market Rallies Back To Our Shorting Lines
See, this is why Monday’s are pointless. Everything that happened in yesterday’s ultra low-volume sell-off has been reversed already and NOW the week can finally begin. Still, it didn’t stop us from making a very quick $1,000 per contract on the oil trade we talked about in yesterday’s morning post – you are very welcome! Remember, I can only […]
Consumer Price Index: Inflation Rises On Gas And Shelter
The Bureau of Labor Statistics released the September CPI data this morning. The year-over-year nonseasonally adjusted Headline CPI came in at 1.46%, up from 1.06% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 2.21%, down slightly from the previous month’s 2.32%. Here is the introduction from the BLS summary, which […]
Is It Time To Buy Yahoo Ahead Of Its Earnings Report?
Photo Credit: Esther Vargas Yahoo! Inc. (YHOO) Information Technology – Internet Software & Services | Reports October 18, After Market Closes Key Takeaways The Estimize consensus is calling for earnings per share of 14 cents on $858.58 million in revenue, 1 cent lower than Wall Street on the bottom line and $2 million on the top The […]
US Core CPI Slides To 2.2% Y/y – USD Follows
Inflation is going nowhere fast: core CPI slides from 2.3% to 2.2% year over year, worse than expected. On a monthly basis, core prices are up 0.1% and not 0.2% that was projected. Headline inflation came in bang on expectations: 0.3% m/m and 1.5% y/y. The US dollar is slightly lower in the immediate aftermath. […]
Uncertainty Seems To Be The Key
With the focal point(s) of the stock market appearing to move around a fair amount lately, it is important to keep up with all the issues. By my count there are six worries/concerns at this time including the dollar, rates, the Fed, the state of the economy, valuations, and the election. Although there have been […]
Yellen And Fischer Still Singing From The Same Song Book
Many observers are puzzled. The last FOMC meeting showed three regional presidents felt sufficiently convinced of the need to hike rates immediately that they chose to dissent. On the other hand, the dot plots showed three officials did not think a hike this year is warranted. There is some speculation that one or two of these dots […]
Netflix Price Target Raised To $140 From $122 At JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Netflix (NFLX) to $140 following the company’s Q3 results. The stock was up 19%, or $18.84, to $118.64 in pre-market trading. Netflix is almost past its pricing changes and the benefits are starting to show up in the numbers, Anmuth tells investors in a research note. […]
UnitedHealth (UNH) Q3 Earnings Beat; Raises Outlook
UnitedHealth Group Inc. (UNH – Free Report), the bellwether of health insurance companies, has a strong presence in the sector and is among the top five companies in the industry. This Minneapolis-based company is well known for its diversified business profile providing an array of well-being services to people through all stages of life. UnitedHealth stands apart from […]
