Author Archive: Jeremy Parkinson
“Worst May Be To Come” Services PMI Signals “Softest Expansion Of New Business Since 2009”
Having blamed the weather for the Services PMI collapse into contractionary levels in February, the very modesty rebound (from 49.7 to 51.0) is a big let down: “The lack of a strong rebound in service sector activity in March is a big disappointment, as bad weather had been blamed for part of the weakness in […]
Has GameStop Lost Its Luster?
Photo Credit: Mike Mozart GameStop Corp.(GME) Consumer Discretionary – Specialty Retail | Reports March 24, After Market Closes Key Takeaways The Estimize consensus is calling for EPS of $2.26 and revenue of $3.56 billion, 1 cent higher on the bottom line and right in line on the top line Shares received a nice boost last week after […]
3 Things: 80% Or Bust, Mind The Gap, It’s A Bunny
80% Or Bust Not surprisingly, the recent sharp reflexive rally has brought the bulls out in full force as noted by a recent comment on my post earlier this week on “4% From The Highs:” “…by the time you get confirmation with the long term indicators above, you will miss out on 20 to 30% of […]
US Durable Goods Fall As Expected
Today’s Economic events German import prices m/m -0.60% vs. -0.30% Gfk consumer climate 9.4 vs. 9.5 ECB TLTRO 7.3bn vs. 24.3bn UK Retail sales core m/m -0.20% vs. -1.0%; retail sales m/m -0.40% vs. -0.70% UK Retail sales core y/y 4.10% vs. 3.50%; retail sales y/y 3.80% vs. 3.90% US Durable goods orders -2.80% vs. […]
Great Graphic: Another Look At The Canadian Dollar
We have been looking for a bottom in the US dollar against the Canadian dollar. It is been difficult, but now it appears that the technicals are turning. This Great Graphic, from Bloomberg, shows that the US dollar is moving above a trend line down off the January 20 high just below CAD1.47. The downtrend line connects […]
Initial Unemployment Claims Rolling Average Insignificantly Worsens. Longest Streak Of Claims Under 300,000 Since 1973 Continues
Weekly Initial Unemployment Claims The market expectations (from Bloomberg) were 260,000 to 272,000 (consensus 268,000), and the Department of Labor reported 265,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 259,500 (reported last week as 268,000) […]
February Durable Goods Orders Down Sharply From January
The Advance Report on Manufacturers’ Shipments, Inventories and Orders released today gives us a first look at the December durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in February decreased $6.6 billion or 2.8 percent to $229.4 billion, the U.S. Census Bureau announced today. This decrease, […]
EC Chang And Eng – The US And Canada
Chang and Eng were the first internationally known “Siamese twins”, as a result of their having been exhibited worldwide. Although each had a complete body, they were joined together at the sternum. In 1870, Chang suffered a stroke and his health deteriorated over the next four years. In 1874, at age sixty-two, he developed bronchitis […]
5 Solid Picks For Your Investment Basket This Easter Weekend
Good Friday, which falls on March 25 this year, is officially a holiday for the Wall Street and the U.S. stock exchanges. Nevertheless, for an avid investor, the holiday is a great opportunity to ponder over the best stepping stone to hit the market with a blast ahead of next week’s trading. Year to date, […]
Core Durable Goods Orders Disappoint – USD Shrugs It Off
Less than convincing data from the US: durable goods orders fell by 2.8%, slightly better than expected but on top of a downward revision. Worse off, core orders dropped by 1%, far worse than 0.2% expected and also with a downward revision. Jobless claims beat with 265K and with a small revision to 259K for the […]
