Author Archive: Jeremy Parkinson
Morning Call For Monday, July 17
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.07%) this morning are up +0.05% as stronger-than-expected China Q2 GDP bolstered optimism in the global economic outlook. Strength in China Jun industrial production along with a faster-than-expected pace of growth in Q2 lifted commodities with Aug WTI crude (CLQ17 -0.19%) up +0.04% at a 1-week high and Sep […]
Barclays Calls On IBM To Cut Outlook, Drops Price Target To $132
IBM should take the “brave step” and drastically reset its full-year earnings per share outlook to $13.00 or lower, Barclays analyst Mark Moskowitz tells investors in a research note. He believes the company’s narrative is “becoming tedious” with a lot of investments in next-generation technology generating little revenue impact. The analyst cut his below-consensus estimates […]
Black Gold Quotes May Recoup In The Near Future
Finally, there is a positive movement of the oil prices after the fall during the last month. WTI crude oil futures grew to more than $47 per barrel. The quotes fixed near 61.8-78.6% correction zone. This fact caused the continuation of the bullish sentiment. The report of U.S. Energy Information Administration provided support to oil. […]
Sensex Hits New Highs; Wipro, Infosys Rally
Indian share markets traded marginally higher in the afternoon session. At the closing bell, the BSE Sensex stood higher by 54 points, while the NSE Nifty finished up by 30 points. Meanwhile, the S&P BSE Mid Cap finished up by 0.1% & the S&P BSE Small Cap finished flat. Gains were largely seen in realty stocks, metal stocks and software stocks. Indices Close to Peak Valuations Measured Against […]
E Some Light At The End Of The Tunnel For Target And J.C. Penney
Retail sales have been a disappointment now for three consecutive months and as such this may lead to downward revisions for Q2 GDP estimates. While that remains to be seen, something simply isn’t resonating well with the consumer. Maybe it’s uncertainty surrounding the future of healthcare, maybe it’s simply the every rising costs of healthcare […]
Across-The-Board Gains For Global Markets Last Week
All the major asset classes were higher last week, led by stocks in emerging markets. Reversing widespread losses from the previous week, all the broad categories of global markets advanced in the five trading days through July 14, based on a set of exchange-traded products. Last week’s top performer: Vanguard FTSE Emerging Markets (VWO). The ETF surged […]
Markets Mark Time, Dollar Consolidates Losses
After falling to new lows for the year against several major currencies in response to disappointing retail sales and uninspiring CPI before the weekend, the US dollar has begun the new week on a more stable note. It is firmer against nearly all the major currencies, though is mixed against the emerging market currencies. The […]
Sleepy Overnight Session Interrupted By Chinese Market Turmoil
Another new week, another day with not much going on. So much, or rather little so, that in its daily wrap Citi starts off with the following: “Pop Art pioneer Andy Warhol, who once said “I like boring things”, would have been a huge fan of today’s session thus far. Though several events of note linger […]
Patriot Transportation Is A Forgotten Undervalued Spin-Off
Patriot Transportation (PATI) is a top tier regional tank truck hauler servicing the southeastern United States. FRP Holdings spun-off Patriot Transportation during January 2015 and began trading under the symbol PATI. However, they began as a premier bulk tank carrier in 1962 under the name Florida Rock and Tank Lines. Florida Rock and Tank Lines continues its growth as […]
Bullet Report: Top 5 Things Happening In The Market Today – Monday, July 17
Top 5 Things to Know Before You Start Trading This Monday the market is still reeling from last week’s data and events while we await central bank releases. 1 – Friday’s US Data Disappoints Last Friday, the U.S. Consumer Price Indes (CPI) and Retail Sales were worse than expected, diminishing speculation of Fed Rate Hike in the near […]
