Author Archive: Jeremy Parkinson
Bear Of The Day: O’Reilly Automotive
O’Reilly Automotive (ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the US, serving both professional service providers and do-it-yourself customers. Founded in 1957, the company IPO’d in April 1993. As of March 31, 2017, they operated 4,888 stores in 47 states. Shares Plunge After Weak Sales […]
The Stock Whisper Of The Day: BAC, ERIC, DIA, TGT, NLY, HOG
Hot stocks of the day: BAC, ERIC, DIA, TGT, NLY, HOG Video length: 00:04:46
Krona Slides Most In Two Months As Riksbank Minutes Add To Central Bank Confusion
So, the Riksbank. That’s the folks in Sweden. You know, the people Paul Krugman called “sadomonetarists” in a truly cartoonish 2014 blog post. Those would be the same “sadomonetarists” who abandoned their sadomonetaristic tendencies to follow Mario Draghi down the accommodative policy, ZIRP-to-NIRP, QE rabbit hole in order to ensure the krona didn’t soar in the face […]
AMD Downgraded To Underweight From Equal Weight At Barclays
Barclays analyst Blayne Curtis downgraded AMD (AMD) to Underweight with an unchanged price target of $9. The chipmaker closed yesterday down 12c to $13.80. The analyst is “unconvinced” that AMD products will gain enough traction to support the current valuation. He also has difficulty “getting anywhere near” the company’s long-term earnings per share target of […]
Oil Cracks
Oil prices are trying to recover on a weak dollar after selling off yesterday on the August oil future contract expiration. Also on a prediction by the Energy Information Administration (EIA) that US oil production would rise by 113,000 barrels a day to 5.585 million barrels a day in August from July, even as they […]
Morning Call For Tuesday, July 18
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.04%) this morning are down -0.03% after the U.S. Republican health care reform plan failed to secure enough votes to pass in the Senate, which reduces the prospects that the Trump administration will be able to pass any of its economic agenda. Also, weakness in European stocks is undercutting U.S. […]
USD Sell-off Extends – How Far Will It Go?
Republicans are likely to settle for repealing Obamacare but without any replacement. The imminent failure of Trumpcare comes on fertile ground: from another political issue related to Trump Junior, through weak US data and the more-cautious central bank. The move that began in the Asian session is extended in the European session. Here are some […]
Goldman FICC Revenue Plunges 40%, Worst Since 2015, Blames “Low Client Activity”
While Goldman’s (GS) overall results reported moments were generally solid, with the bank reporting Q2 revenue of $7.89 billion (exp. $7.52 billion) and net earnings of $1.83 billion, or EPS of $3.95, above the $3.39 expected, compared with $3.72 for Q2 of 2016 and $5.15 in Q1 2017, there was just one number everyone was […]
Johnson & Johnson Reports Mixed Second Quarter, Revenues Shy Of Expectations
(Video length 00:01:14) CNBC’s Meg Tirrell report Johnson & Johnson kicks off health-care earnings with an EPS beat of $1.83 adj on revenues of $18.839 billion.
US Q2 GDP Growth Outlook Has Been Trimmed In Recent Weeks
Estimates for next week’s “advance” report on GDP growth for the second quarter continue to point to a rebound after Q1’s sluggish pace, but the outlook has been revised down in recent weeks. The Wall Street Journal’s latest survey data, for instance, is projecting a 2.7% advance for Q2 (real seasonally adjusted annual rate), based on this […]
