Author Archive: Jeremy Parkinson
Delcath Systems Share Price Has Risen Over 1000% In The Past Month On No News And Is Engaged In Death Spiral Financing
Delcath Systems (DCTH) is an interventional oncology company focusing on the treatment of liver cancer. It is still doing trials on its Melblez Kit filter system that was failed to be approved by the FDA way back in 2013. The stock is up 1000% over the past month on no news, just recently created hype. […]
Italy’s Bank Bailout Rewards Reckless Behavior
Last week, two more Italian banks were forced to close due to insolvency. As is often the case, bad loans were the cause of the downfall for both banks. They made too many risky bets on borrowers that didn’t pay off. On the Hook for Billions The Italian taxpayer, who will be forced to bail […]
Which States Have The Highest Cost Of Living? Lowest?
from the St Louis Fed — this post authored by Maximiliano Dvorkin and Hannah Shell Intuition tells us that a $40,000 income in Nebraska will go farther in terms of purchasing power than in California. Indeed, cost of living differences across states are important factors to consider when comparing income and budget constraints. A new dataset should […]
Bear Of The Day: Statoil (STO)
One area of the market that has been in trouble despite an overall surge in asset prices is the oil sector. This corner of the market has experienced underperformance relative to broad benchmarks, and there is little prospect for a turnaround in the weeks ahead either. That is because, no matter what good news hits […]
EUR/USD At The Highest Level In 16 Months
Despite the recent remarks by many of the Federal Reserve members last week, the US Dollar failed once again to sustain any gains across the board. This is also despite the fact that the Federal Reserve is planning to sell some of its assets later this year. Most of the members including the Federal Reserve […]
Morgan Stanley Snaps The Neck On SNAP’s Share Price With Downgrade
In an event rarely seen on Wall Street, Morgan Stanley-the lead underwriter of the Snap Inc. IPO- downgraded shares of Snap on Tuesday July 11th, 2017. In the process of doing the lead underwriting, Morgan Stanley earned $26 million dollars in fees. The analyst that downgraded the stock lowered his rating from overweight to equal-weight […]
Stocks Ready To Breakout Again
Stocks ready to bust a move despite yesterday’s freak-out. That was a fast, hard, sell-off that came out of nowhere yesterday and looked like it was going to really bring down the market in a big way until the Senate announced that they were going to do their job and actually work and not take […]
BoC Raises Rates – Canadian Dollar Jumps – USD/CAD Down 100 Pips
The Bank of Canada met expectations and raised rates from 0.50% to 0.75%. In the accompanying statement, the Ottawa based institution says that the current softer inflation is mostly due to temporary factors. This is a hawkish tone implying more hikes. USD/CAD is falling to a new low of 1.2874. The C$ is strong. Support […]
Recent Swing Trade Strategy Examples: KEM, COHR, UCTT
Some very recent swing trades, based on strong up trends and the ‘trending swing trade strategy’ which looks to capitalize by buying during pullbacks. Kemet Corp. (KEM) – This stock is on the radar because it is has produced nice winning trades in the past (discussed in prior articles). At first glance this may not appear […]
Bull Of The Day: E*Trade Financial (ETFC)
Like many stocks in the financial world, those in the brokerage industry have been on the upswing in recent sessions. While many forget about this area as a winner from growing prospects for a rate hike, the space is actually one of the biggest beneficiaries in such an environment. That is because companies in this […]
