Author Archive: Jeremy Parkinson
E CAD/JPY Could Face Limited Downside
CAD/JPY can be trading in the final stage of an ending diagonal, with price particularly trading in final sub-wave C of 5). As such a significant turning point higher may be around the Fibonacci ratio of 261.8 level, from where a five wave rally would signal more gains to follow. CADJPY, 1H
5 Strong Buy Stocks To Track This Earnings Season
Earnings season has commenced again. And investors tracking specific stocks will be keenly monitoring whether select stocks outperform or underperform consensus estimates for Q1 2017. In general, the mood is optimistic: “Revenue and earnings are expected to trend upwards,” wrote Terry Sandven, US Bank Wealth Management chief equity strategist. “We continue to look for equities to […]
W.W. Grainger, Inc. Slashes Outlook As Q1 Earnings Miss Badly
W.W. Grainger, Inc. (NYSE:GWW) early Tuesday posted weaker than expected first quarter earnings results and slashed its full-year outlook, as it’s been forced to cut prices on various items in order to better compete in a tough business landscape.
Cardinal Health To Acquire Patient Product Portfolio From Medtronic For $6.1B
Cardinal Health (CAH) announced that it has entered into a definitive agreement to acquire Medtronic’s (MDT) Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1B in cash. The purchase price does not include cash tax benefits of at least $100M. The acquisition is expected to be financed with a combination of $4.5B in […]
March 2017 Residential Building Improves
The headline residential building permits improved. Our analysis agrees. Analyst Opinion of Residential Building The backward revisions this month were slight.The nature of this industry normally has large variations from month to month so the rolling averages are the best way to view this series – and it shows permits growing, and completions also growing. […]
Leading Indicator Double Topping Going Into May
Many times over the years, what the stock markets do in Germany and Europe, impacts stocks in the states. Several times Germany has been a leading indicator in bull and bear moves, ahead of what take place in the S&P 500. Below looks that the DAX index over the past decade and the important pattern […]
Theresa May Calls Snap Election In UK After Getting Sick Of “Game-Playing
Well, you knew this was going to be something dramatic right from the start. Just check out the buildup: U.K. PM Theresa May Making Statement at 11:15am Local Time: BBC GBP/USD REVERSES GAIN, DROPS BELOW $1.2550 BEFORE MAY STATEMENT U.K. 10-YR GILT YIELDS EXTEND DROP TO 3BPS BEFORE MAY STATEMENT U.K. 10-YEAR YIELD DROPS BELOW […]
Day Trading Stock Picks For This Week – Tuesday, April 18
Fairmount Santrol Holdings (FMSA) Average day range (30) is 7.44% and average volume (30) is 6.6 million. Cliffs Natural Resources (CLF) Average day range (30) is 5.79% and average volume (30) is 15.8million. AK Steel (AKS) Average day range (30) is 5.52% and average volume (30) is 17.6 million. Community Health Systems (CYH) Average day […]
Deutsche Bank: “Early UK Elections Are A Gamechanger; We Are Closing Our Bearish GBP Trades”
This morning’s shocking announcement caught virtually everybody by surprise, and is prompting one bank after another to thoroughly revise their cable forecasts, case in point Deutsche Bank, whose strategist George Saravelos just announced he is changing his view on sterling because the “early elections are a game-changer”, something which the market clearly anticipated judging by […]
US Sector Showcase: “High” Tech Stocks In More Ways Than One!
Remember the so-called “Trump Trade”? Both in terms of political developments and price action, it seems like November 8th was about a half-decade ago, not just five months ago. When it comes to the stock market, traders rushed out to buy industrial, material and financial stocks, while selling health care and technology stocks. The bearish health […]
