Author Archive: Jeremy Parkinson
Mattress Firm Plummets After Disappointing Results, Outlook, Naming New CEO
Shares of bedding provider Mattress Firm (MFRM) are sinking after the company’s fourth quarter results, as well as its first quarter and fiscal 2016 profit outlook, fell below analysts’ consensus estimates. The company also announced the replacement of its chief executive officer. WHAT’S NEW: After the market close on Monday, Mattress Firm reported Q4 adjusted […]
Silver Price Forecast: A Big Reason Why Silver Is Set To Soar
Silver Price Forecast 2016: There is only so much value in the world economy, and it is split between all the different instruments (like gold, silver, stocks, bonds, commodities, etc.) where value resides. For silver and gold to rise significantly, relative to other instruments of value, value will have to be diverted away from those […]
Silver: The Best Is Yet To Come
1. America was built by “citizen champions”. Should the current gold price action be described in a similar way, as a “rally of champions”? I think so. 2. Technically, gold is arguably overbought.It may be due for a correction according to cycle analysis, and yet the world’s mightiest metal just keeps moving relentlessly higher. 3. Here’s […]
ZTE Trade Sanctions Could Hurt Qualcomm Stock Over The Long-Term
Flickr News of a U.S. export ban against Chinese low-end smartphone manufacturer ZTE seems to have slammed the brakes on a recent rally by Qualcomm (NASDAQ:QCOM) stock. Qualcomm stock price had rallied 24% from its February low before the investing world was jolted after regulators imposed trade sanctions on ZTE for allegedly using four shell companies to […]
Are U.S. Stocks Really The Only Game In Town?
The S&P 500 notched an all-time record high of 2130 on May 21, 2015. That was 10 months ago. Since that date, the popular gauge has suffered two faith-rattling corrections – a 12% decline in August of 2015 and a 14% pullback in February of 2016. Granted, U.S. stocks rallied back to respectable levels after each […]
Chart Of The Week – 2008 Or 2011?
Credit spreads are a big input to our investment process. It was the widening of spreads that convinced us to reduce our equity allocation before the volatility of last year. But active asset allocation requires that you get two consecutive decisions correct and that isn’t an easy task. Right now, for instance, we are watching spreads intently […]
BofA Explains Why The ECB Will Be Forced To Buy Junk Bonds
In April of last year we said the ECB would soon end up buying corporate bonds. We’re not sure if one year later counts as “soon” or not, but ultimately, we were proven correct when, earlier this month, Mario Draghi announced a new easing “package” that includes IG non-fin EU corporates as part of a plan to […]
+20% For 2016!
Silly, hyperbolic title aside, that is my gain for 2016 when backing out the fact that I have been generally around 90% cash and Treasury bond equivalents while being long and short stocks with the other 10%. It does not include a long-term gold position, which I don’t count as a capital appreciation (or loss) […]
Will The Price Of Silver Extend Its Gains?
The multi-day trend for silver prices remains bullish above last week’s low of $15.21 and prices may reach last week’s high of $16.16, followed by the October 15, 2015 high of $16.24. Traders who are not long and would like to take advantage of the trend might wait for a pullback to the $15.79 – $15.57 range. […]
EC Gasoline Volume Sales And Our Changing Culture – March 2016
The Department of Energy’s Energy Information Administration (EIA) monthly data on volume sales is several weeks old when it released. The latest numbers, through mid-January, are now available. However, despite the lag, this report offers an interesting perspective on fascinating aspects of the US economy. Gasoline prices and increases in fuel efficiency are important factors, but there […]
