Author Archive: Jeremy Parkinson
Workday Delivers Impressive Quarter, Market Not Thrilled
SaaS-based enterprise application services provider Workday (NYSE: WDAY) may have delivered an impressive quarter, but the market is not impressed. During the recent result announcement, Workday announced a change in accounting practices and a re-organization of its operations – a move that has not gone down well with the analysts. Photo Credit: theaucitron/Flickr.com Workday’s Financials Workday’s fourth […]
Year-Over-Year Import Prices At Highest Level In Five Years: Inflation Scare Or The Real Deal?
In February, import prices rose 0.2% in line with the Econoday consensus. Export prices rose 0.3%, slightly more than the consensus estimate of 0.2%. Revisions took upped January import prices from 0.4% to 0.6% and export prices from 0.1% to 0.2%. Year-over-year import prices jumped from 3.7% to 4.6% and export prices from 2.3% to 3.1%. Econoday cites […]
4 Top-Ranked Small-Cap Blend Mutual Funds To Consider
Small-cap blend funds are a type of equity mutual funds that offer a mix of value and growth stocks, the market capitalization of which are generally lower than $2 billion. Blend funds are also known as “hybrid funds.” Blend funds aim for value appreciation by capital gains. These funds owe their origin to a graphical […]
Biotech Seen Returning To Outperformance Despite Political, Pricing Risks
UBS analyst Carter Gould started coverage of several biotech names with a Buy rating, saying he finds bullish signals amid the noise and expects the sector to return to outperformance, overcoming continued political and pricing risks. Nonetheless, he recommends taking a “selective approach” to the space as continued growth headwinds should remain pertinent for some […]
Bad News For Wall Street: No Tax Reform Until Fiscal 2018, McConnell Warns
As explained, most recently two days ago, the key reason Wall Street is concerned about the complications involving Obamacare’s “repeal and replace”, which now appears will be stuck in Congress for a long time following vocal opposition from various conservative groups and outside lobby interests, is that it will delay tax reform. As Goldman laid it […]
Another Timber Splits
I’m having to carefully monitor my emotional state as it relates to my decision-making because things have been going far too smoothly lately. My portfolio is gaining in value day after day, almost irrespective of the market. In spite of this giddiness, I’ll share another observation: the emerging markets, which I shorted yesterday in size, slipped […]
Separating Reality From Catastrophe
WealthManagement.com posted an article titled Rob Arnott Says You’ll Be Sorry For Ignoring Smart Beta Warnings. Arnott notes that part of the outperformance broadly speaking has come from money flowing into these funds creating something of a self-fulfilling cycle. As a reminder, Arnott was very early to smart beta (or any of the other terms you […]
Yellen: “Our Brand Is Crisis”
With the Federal Reserve now indicating they are “really serious” about “normalizing” interest rates, read “tightening” monetary policy, there have come numerous articles, and analysis, discussing the impact on asset prices. The general thesis is based on averages of historical tendencies suggesting equity bull markets never die simply of old age. They do, however, die of excessive Fed monetary restraint. As previously noted […]
Apptio IPO Set Up To Fall At Lockup Expiration
Apptio Inc. (NASDAQ: APTI) – Event Date 3.22 – Short Term PT $11.90 The 180-day lockup period for the Apptio Inc. IPO is scheduled to expire on March 22, 2017. At that time, the pre-IPO insiders will be allowed to sell their 31M shares. (Source: SEC Filings/Risk Factors) We previewed this event and short opportunity on our IPO Insights platform. […]
Sorry, Donald – Corporate Tax Reform Isn’t Going To Fix All Our Problems
My view that stocks are now in a bubble is further bolstered by the fact that the roughly $4 trillion dollars of global bonds still sporting negative yields (down from $14 trillion last year though the figure is rising again with German 2- and 5-year bund yields plunging back into the red) and European and Japanese central […]
