Author Archive: Jeremy Parkinson
Great Graphic: Gas And Oil
This Great Graphic, made on Bloomberg, shows the past six months of oil and gas prices. The white line is the June gasoline futures and the yellow line is the June light sweet crude oil futures contract. In order to avoid showing two time series with two different scales, which often is an exercise in curve fitting, […]
Another Day, Another USD/CAD Advance
The Canadian dollar remains under pressure. The pair reached a new high at 1.3670, reaching yet another 14-month high. The next level of resistance is only at 1.3850. The last time the pair saw these levels was in the wake of 2016. The crash in oil prices sent Dollar/CAD shooting all the way to 1.4690. Yet the fall […]
EC Europe Will Climb That Same Wall Of Worry
Although sentiment towards European equities has improved since I wrote about it last Fall (pretty sure I am alone in this trade), this opportunity is not something that will be quickly arbitraged away. Not only that, but deep down, investors are still skeptical about the long term prospects for European equities. Sure, they are willing […]
The Biggest Afternoon In Earnings Kicks Off At 4pm: AMZN, GOOGL, MSFT, GPRO, EXPE, SBUX, INTC
Seven big names within the tech and consumer discretionary spaces release earnings results this afternoon. Here’s what we’re expecting: Amazon.com Inc. (AMZN) – Consumer Discretionary – Internet & Catalog Retail Key Takeaways The Estimize consensus is calling for earnings per share of $1.12 on $35.55 billion, about 9 cents higher than Wall Street on the bottom […]
Spectacular 7 Year Auction: Record Indirects, Soaring Bid To Cover
After a strong 2 Year on Tuesday, poor 5 Year on Wednesday we close the week with the Treasury’s sale of $28 billion in 7 Year paper in what can only be described as a spectacular auction. The high yield priced at 2.084%, stopping 2bps through the 2.104%, the biggest gap between the two going […]
RedHill’s R&D Day Highlights Potential For Bekinda
On April 27, 2017, RedHill Biopharma Ltd (NASDAQ: RDHL) held an R&D Day highlighting for investors the clinical and commercial attributes of BEKINDA® (RHB-102). BEKINDA is an oral, extended-release, once-daily formulation of the antiemetic drug ondansetron. The drug is currently being examined as a treatment for acute gastroenteritis and gastritis in a Phase 3 clinical trial […]
Checking In On One Of My Favorite Market Indicators
Take a look at one of my favorite stock market indicators I haven’t done a post exclusively on the T2108 in a long time, so I thought today would be a good day to do exactly that as the market has put together a very nice week so far and warrants a review of the […]
Tom Cloud Precious Metals Update: Misinformation In The Gold & Silver Market
In this precious metals update, Tom Cloud discusses the misinformation about the gold and silver market. Tom explains the difference between what is taking place in gold and silver versus the broader stock market. For example, Tom states that the stock market which is currently trading at 29 times earnings compared to the norm of […]
Proto Labs Climbs After Earnings Beat On Top And Bottom Line
Shares of Proto Labs (PRLB), an e-commerce driven digital manufacturer of on-demand 3D-printed, computer numerical control machined and injection-molded custom parts, surged in morning trading after the company reported quarterly earnings that beat analysts’ expectations and guidance was in-line with estimates. QUARTERLY EARNINGS BEAT: For the first quarter, Proto Labs reported adjusted earnings per share […]
Aircraft Orders: The Only Durable Goods Item Humming
Durable goods orders for March rose 0.7% vs an Econoday consensus of 1.1%. Revisions lifted February gains from1.7% to 2.3%. Once again the good news stops there. Aircraft lifted durable orders throughout the first quarter and made for a very solid 0.7 percent rise in March. But the story is different when excluding civilian aircraft as the ex-transportation […]
