Author Archive: Jeremy Parkinson
Home Improvement And Housing Starts
Lowe’s (LOW), the second largest home improvement retailer in the U.S. after Home Depot, reported results for the third quarter before today’s opening bell. The company reported earnings per share of $0.59, in-line with the Estimize consensus, and a penny higher than what Wall Street was expecting, growing 26% YoY. Revenues of $13.7B beat both the […]
The Falcon Can No Longer Hear The Falconer
We in the center that cannot hold can only watch as things fall apart. In so many ways, the falcon can no longer hear the falconer. The phrase is drawn from William Butler Yeats’ poem, The Second Coming: Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot […]
AGIO Hits Record Level On Impressive Clinical Data For Leukemia Drug
Shares of Agios Pharmaceuticals Inc. (NASDAQ:AGIO) posted its biggest single day rally on Wednesday since 26th September. The stock is up a whopping 15% to $96.25 after hitting an all time high of $96.88 earlier in the session. More than 2.64 million shares have been traded, compared to its 30-day average volume of 707K shares. This morning, shares […]
Hidden Story In US PPI Increase
The US core PPI surprised to the upside Tuesday. Source: Investing.com Improved pricing power for US firms? Hardly. Did you ever have the feeling of being ripped off at the gas station when oil prices are falling while prices at the pump barely move? Well, it’s not just a feeling. GS: – The headline […]
Habit Restaurants Prices IPO Higher Than Expected At $18
Burger chain Habit Restaurants Inc. (HABT) has reportedly priced its initial public offering (“IPO”) of 5 million shares of its Class A common stock at $18.00 per share, higher than the expected range of $14.00 to $16.00 per share. valuing the company at about $454.5 million. With the current offering price, the company has been […]
What? Me Worry?
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 2 = 17,685 SPX – 3 = 2048 NAS – 26 = 4675 10 YR YLD + .03 = 2.35% OIL – .51 = 74.61 GOLD – 14.40 = 1184.10 SILV – .06 = 16.23 The Federal Reserve’s most recent FOMC meeting was […]
Santelli Goes Ballistic: “I Feel Like I’m Living In A Cartoon”
Having noted rather pointedly that “there’s a subsidy in the marketplace that’s worked out definitely to those that are holding equities,” Santelli warns, when The Fed removes it, “it creates a problem for equities.” However, when he is asked about the disconnect between the bond market (rates) and what The Fed is telling us, Santelli […]
Early Losses Couldn’t Kill Yesterday’s Gains
It was a decent, yet unspectacular day for the indices. Early losses were clawed back by the close, but there was no push higher. The S&P is nicely positioned to gain. The inside day at oversold conditions is typically bearish, but I’m not sure today was. The Nasdaq may be shaping a new handle, […]
Japan’s ‘Surprise’ Recession And How You Should Trade It
I saw a headline this week that actually made me laugh out loud: “Japan’s economy makes surprise fall into recession.” Surprise? Really? Japanese GDP shrank by 1.6% last quarter after shrinking by 7.3% in the second quarter. The culprit? Japanese consumer spending, which was much weaker than expected. Consumer spending makes up about 60% of […]
E Dow Megaphone Pattern: Better Watch Out, Better Not Cry…
Better watch out, better not cry, ProTrader Mike is going to tell you why…the Dow is about to take a crashing you know…. What is the Megaphone Pattern? A megaphone pattern is considered bearish, indicating that the current uptrend may reverse to form a new downtrend. A Megaphone Top is rare and must be played […]
