Author Archive: Jeremy Parkinson
BlackBerry Ltd See Trucks As Next Source Of Revenue
By Aman Jain BlackBerry (BBRY) in its quest to reinvent itself, is looking for new sources of revenue as it may be considering shutting down the hardware business altogether. The Canadian firm now intends to develop a tracking system for the logistics industry that it hopes will make it profitable once again. Searching for more revenue streams On […]
High Flying Hang Seng Masks Underlying Fundamental Weakness
The ongoing massive deleveraging and re-leveraging scheme happening across mainland China and Hong Kong has sent waves through global financial markets as participants grow increasingly wary of the possibility that Asia will be the catalyst that tips the world into a recession. In Hong Kong in particular, pessimism is widespread, especially with the property […]
Job Numbers Better Than Expected, GBP/USD Rebound Expected
The Non-Farm Payroll numbers reported on Friday showed a growth of 215,000 workers over the last month following a gain of 245,000 in February. The report also showed that the economy was improving slowly and was pulling many Americans into the workforce albeit at part-time jobs. A separate poll of households showed the jobless rate […]
Tesla Shares Rise After Model 3 Announcement
Last week, Tesla (TSLA) shares rose higher by almost 4% after the company unveiled its Model 3 electric car. In a presentation Thursday night from CEO Elon Musk, the electric car maker announced the Model 3, which will sell for $35,000 before incentives, which will be the cheapest an electric car has ever retailed. Tesla […]
Q1 Ends With A Bang, What’s Next?
A good bit has happened over the last couple of weeks. The S&P 500 (SPY) staged a sharp recovery from February closing lows due to repeated Central Bank actions during the month as well as an expected reflex rally fueled by short-covering. On a short term basis, the technical backdrop has improved markedly, but was it […]
Gold To Remain Supported On Dovish Fed- Bullish Invalidation 1193
Fundamental Forecast for Gold:Bullish Gold Dip Holds Key 1230 Price Gold Price Jumps and USD Slides after Dovish Signal from the Fed Gold prices traded higher this week, with the precious metal advancing 0.58% to trade at 1256 ahead of the New York close on Friday. Despite broader strength in the U.S. equity market, gold maintained […]
Economic Events Of The Coming Week – 4/3/2016
Monday: March Monetary Base data will see light in Japan, currently indicating a 29% annual growth rate. In Spain, March Unemployment data will see light. February’s Factory Orders data will be released in the US, followed by the final estimate for February’s Durable Goods Orders. Tuesday: February Factory Orders data will be released in Germany. In […]
Weighing The Week Ahead: Is The Fed Too Optimistic?
The calendar continues in something of an alternating mode. Last week had plenty of important data; this week has little. Instead we get multiple speeches from Fed Presidents and Governors and the release of the last FOMC minutes. Little data plus lots of Fed news is a natural draw for the punditry. This week they […]
Analyst Says Buy Six Flags With Virtual Reality Set To Take Shares On A Ride
FBR Capital upgraded Six Flags Entertainment (SIX) to Outperform, an equivalent rating to “Buy,” as the company introduces virtual reality experiences to some of its parks this season. The firm expects this move to lift EBITDA and attendance. VR ROLLER COASTER: FBR Capital analyst Barton Crockett upgraded Six Flags to Outperform from Market Perform, saying […]
Why JPMorgan Believes Central Banks Can No Longer Save The Day
In recent weeks, JPMorgan has turned decidedly sour on the US equity market: one month ago, on March 3, JPM announced that “for the first time this cycle”, it has gone underweight stocks. Equities, credit and commodities have all rallied in the last three weeks, as some of the immediate threats to the world economy have faded […]
