Author Archive: Jeremy Parkinson
The Travelers Companies – Chart Of The Day
The Chart of the Day is The Travelers Companies (NYSE:TRV). I found the P&C insurance stock by using Barchart to sort today’s All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 2/22 the stock gained 6.14%. St. […]
Stocks Stumble As Fed Hawks Tamp Down Terror-Attack Exuberance
Belgian PM Charles Michel said earlier that “this is the deadliest attack on Brussels ever,” and as we noted in this morning’s pre-open wrap: This morning’s Brussels bomb attacks have led to risk-off sentiment across European asset classes, with Bunds higher and equities firmly in the red, although if the Paris terrorist attacks of November […]
Goldman: These Are The REITs To Avoid In A Recession
How will real estate investment trusts react if there’s a recession in the US? That’s the question posed by Goldman Sachs in a new research report out today that takes a look at the state of the REIT sector. The report, a copy of which has been reviewed by ValueWalk, tries to estimate the potential […]
How Is Our Top Pick Freeport-McMoRan Doing?
Readers will remember that we chose Freeport-McMoRan as our top pick a couple of weeks ago, right before its share price exploded. Meantime, the stock has doubled in price, in a matter of weeks. Is it time to take profits? How much more upside is there? First, the daily chart shows that resistance is near. Based on […]
In Some Ways, It Has Always Been Forward
There is certainly not enough attention paid to the evolution of eurodollars and even less devoted to how it all started. In my analysis, those two facets are inseparable as the origins of the eurodollar space tell us a lot about how and why it became what it is. The Japanese, for instance, were being squeezed by […]
More Great Basing
“Only put off until tomorrow what you are willing to die having left undone.” –Pablo Picasso Not a bad day in the wake of a round of cowardly terror acts in Brussels this morning. My thoughts go out to those affected as always. My travel plans have changed so tomorrow there will most likely not […]
Gains For Tech, Indecision Elsewhere
Not a whole lot to say about today. Nasdaq and Nasdaq 100 had the best of the action with further gains bringing these indices closer to their 200-day MAs. Gains and buying volume were modest, so there is little more to add other than today marked the fifth consecutive gain in a row for the […]
Apple Announces Smaller Gear But Stays Strong On Encryption
(Video length 00:05:41) Shelly Palmer talks about Apple’s new iPhone SE, iPad, Apple Watch and other new offerings as well as the Apple encryption issue with Errol Barnett on CNN Newsroom.
AutoZone Authorizes Additional Stock Repurchase
MEMPHIS, Tenn., March 22, 2016 (GLOBE NEWSWIRE) — AutoZone, Inc. (NYSE:AZO), today announced its Board of Directors authorized the repurchase of an additional $750 million of the Company’s common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone’s Board of […]
S&P 500 Snapshot: Five-Day Rally Ends With A Fractional Loss
The Brussels terrorist attack had surprisingly little impact on equity markets. The Euro STOXX 50 traded in a relatively narrow range and closed with a fractional 0.08% gain. The S&P 500 opened in the shallow red and sold off to its -0.54% intraday low about 20 minutes later. The index then traded higher in a […]
