Author Archive: Jeremy Parkinson
IRobot Retreats After JPMorgan Cuts Rating To Sell
The shares of robot maker iRobot (IRBT) are sitting out today’s rally after JPMorgan downgraded the stock to Underweight, the firm’s equivalent of a sell rating. The stock’s recent rally is “too much, too soon,” the firm warned. WHAT’S NEW: Noting that iRobot has rallied 25% since mid-February, JPMorgan analyst Mark Strouse believes that the […]
Rail Week Ending 12 March 2016: Rail Returns To Its Slide Into The Abyss
Week 10 of 2016 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. All rolling averages are again negative and in decline. The deceleration in the rail rolling averages began one year ago, and now rail movements are being compared against weaker 2015 […]
5 Rock-Solid Dividend Stocks To Buy On New Fed Outlook
“An ounce of prevention is worth a pound of cure” and the Federal Reserve chairwoman, Janet Yellen has been rightly following the saying, as she and her policy-making committee voted to keep the benchmark interest rate unchanged at least for another month. Market experts cited that the overseas turmoil, derailment of the Chinese economy and […]
China Is Not Out Of The Woods
2016 started with sharp declines in the Chinese stock market that spooked investors around the world. But in recent weeks, conditions appear to have stabilized. Lending in China rose in January by 67%, iron ore prices rallied by 64% and housing sales in China’s top four markets also surged. The yuan also regained about half of […]
Defensive Stocks Soar To Record High As Biotechs Battered To 2-Year Lows
If everything is so awesome, why is the defensive “personal and household goods” index spiking to record highs as exciting indices like Biotechs are collapsing to multi-year lows? The Great Rotation out of momentum continues. And everyone’s favorite – Valeant – is crashing-er again today… Down a stunning 60% this week… Chart: Bloomberg
Bullish On Larsen And Toubro For Long-Term
Analysis Overview – Since Mr. Narendra Modi assumed power, the NIFTY Infrastructure index has declined by 16% and Larsen and Toubro has declined by 17%. The index and the stock indicate that infrastructure sector investment has been sluggish. The chart below gives the returns for the infrastructure index, L&T and NIFTY since May 2014. Clearly, the […]
EC The Fed Is Already Easing Policy
The Fed threw in the towel this week and acknowledged what the market has known for some time. The four rate hikes previously envisioned for this year are now just two – the dots are falling. According to the Fed, the economy is just fine, just not fine enough to handle interest rates that don’t […]
Weekend Reading: Did The Fed Just Cage The Bear?
The past two week’s have been full of Central Bank interventions starting with the ECB last week and culminating with a more accommodative Fed and BOJ interventions this week. As stated earlier this week: “The Fed currently finds itself in a tough spot from a “data dependent” standpoint. Last December, when the Fed Funds rate was increased, the Fed […]
Adobe Hits 52-week High After Beating Quarterly Estimates, Raising FY16 Outlook
Shares of software provider Adobe Systems (ADBE) are advancing after the company posted better-than-expected first quarter results and raised its outlook for fiscal 2016. WHAT’S NEW: Thursday night after the close, Adobe reported Q1 adjusted earnings per share of 66c and record quarterly revenue of $1.38B, beating analysts’ consensus estimates of 61c and $1.34B, respectively. […]
