Author Archive: Jeremy Parkinson
Chinese Stocks Give Up Trump Gains As $1.7 Trillion Source Of Funds Unwinds
The Chinese and U.S. stock markets are going in opposite directions, as an intensifying crackdown against leverage has slammed the recently ‘stable’ Shanghai Composite over the past week, erasing all post-Trump gains. The relationship between the two markets is the weakest since August 2008 – just before the collapse of Lehman unleashed chaos on the global financial system. Bloomberg […]
Dow Jones News: Dow Surges 232 Points As Wall Street Cheers President Trump’s Tax Reform Push
The Dow rallied over 200 points thanks to increased optimism President Donald Trump will be able to push pro-growth economic policies through Congress in 2017. Let’s look at the numbers from Tuesday for the Dow, S&P 500, and Nasdaq: Closing Bell April 25, 2017 Trading Point Gain/Loss Percentage Gain/Loss Dow Jones 20,996.12 + 232.23 + 1.12% S&P 500 […]
Tariffs Are Good For Inflation
The news of the day Monday – at least, from the standpoint of someone interested in inflation and inflation markets – was President Trump’s announcement of a new tariff on Canadian lumber. The new tariff, which is a response to Canada’s “alleged” subsidization of sales of lumber to the US (“alleged,” even though it is common […]
Bulls Have Breathing Room
The second day of gains has severely stressed any shorts left in the market. Volume rose in confirmed accumulation as buyers pushed markets well away from nearest support. Best of the action belonged to the Dow Jones Industrial average with recovering ‘buy’ triggers in the MACD and +DI/-DI. The S&P didn’t quite match the Dow, nor […]
Q1 Earnings Reports Heavy After The Bell: T, X, CMG, WYNN
Companies as vast and well-known as AT&T (T – Free Report) , U.S. Steel (X – Free Report) , Chipotle (CMG – Free Report) have all reported Q1 earnings after the closing bell, with typically varying results. Let’s touch on a few of the highlights: Chipotle, benefiting from a year-over-year comp relating to last year’s […]
AT&T Meets Q1 Earnings Forecast, Adds 2.7 Million Wireless Customers
AT&T Inc. (T – Free Report) just released its first quarter fiscal 2017 financial results, posting adjusted earnings of 74 cents per share and revenues of $39.4 billion. Currently, T is a Zacks Rank #3 (Hold), and is up 1% to $40.34 per share in trading shortly after its earnings report was released. Matched earnings […]
U.S. Steel Crashes After Slashing Guidance By More Than 50%
One day after Trump slammed Canada with a lumber tariff, somehow managing to send lumber future prices limit down on the CME, he is faced with another, far more credible crisis: the terrible guidance just released by US Steel (X) in particular, and the fate of the US Steel industry – and China’s adverse impact […]
Texas Instruments Q1 Earnings Beat, Q2 Outlook In-Line
Written by StockNews.com Texas Instruments Incorporated (TXN) late Tuesday posted market-beating first quarter earnings and offered an in-line outlook for the second quarter.
“Throwing In The Towel” – US Stock Market Shorts Hit 10-Year Low
It appears the bears have almost fully “thrown in the towel” as short interest in the US equity market’s most liquid ETF has tumbled to its lowest since May 2007. In fact, the last time shorts were this dis-spirited was just as the S&P 500 began its rounded top and freefall from a previously “permanently high plateau.” (we […]
