Author Archive: Jeremy Parkinson
Residential Building Sector Again Mixed In October 2014, But Long Term Growth Still Trending Down
Residential building permits were a mixed bag. Although the amount of permits was higher than completions this month – the amount of permits continues to trend down. The unadjusted rate of annual growth for building permits in the last 12 months has declined from a channel between 25% and 40% to a channel under 10% […]
Yield Curve Today
Today the curve is dropping with nominal yields rising. Implication (taking one singular day as a stand-alone)? Anti-gold and pro-risk ‘ON’… among other things. Hey, that’s what it says today… 10, 5 & 2yr yields from Bloomberg
Market Commentary: Averages Off Session Lows And Trending Sideways
Written by Gary Markets have recovered fractionally from the morning lows, but still remain in the red. The noontime trend is up, but is now not expected to rise into the green anytime this session as volume is falling to sometimes anemic levels. By noon the averages had recovered half of the morning losses and appeared […]
Best Of The Nasdaq 100
I wanted to find the 5 NASDAQ 100 stocks with the most consistent momentum and charts so I used Barchart to sort the NASDAQ 100 Index stocks for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts. Today’s list includes Automatic Data Processing (NASDAQ:ADP), Intuit (NASDAQ:INTU), Cisco Systems (NASDAQ:CSCO), O’Reilly Automotive (NASDAQ:ORLY), Bed Bath […]
Target Q3 Earnings Surpass Estimates On Upbeat U.S. Sales
Target Corporation (TGT – Analyst Report) posted third-quarter fiscal 2014 results, wherein adjusted earnings of 54 cents a share surpassed the Zacks Consensus Estimate of 47 cents on the back of better-than-expected U.S. sales and improved performance on the Canadian turf. This gives a positive signal just before the busiest season of the year and sent the shares […]
The Eurozone’s QE Problem
Over the last couple of weeks, as the Federal Reserve ended their latest round of quantitative easing, there have been many calls about the pickup of the “QE Baton” by the BOJ and ECB. The problem is that the impact of liquidity interventions in Japan and the Eurozone do not carry the same “punch” as was witnessed in the […]
Efficient Markets Driven By Symmetrically Available Information – Algorithmic
“What a piece of work is a man, how noble in reason, how infinite in faculties, in form and moving how express and admirable, in action how like an angel, in apprehension how like a god! the beauty of the world, the paragon of animals.” William Shakespeare, Hamlet Who could turn a blind eye […]
Are Junk Bonds Sending A Warning Signal?
Over the past month, we have seen a rip-roaring, v-shaped rally to new all-time highs in the large-cap U.S. equity indices. At the same time, volatility has been crushed in a move lower in the VIX Index that we have never seen before (above 30 to below 15 in the span of 2 weeks). The […]
Lowe’s Beats On Q3 Earnings, Updates Fiscal 2014 Outlook
Driven by increased spending on home improvement, especially remodeling and big ticket items, Lowe’s Companies Inc. (LOW – Analyst Report) posted strong results for the third quarter of fiscal 2014 wherein both top and bottom lines surpassed the Zacks Consensus Estimate. The company’s earnings of 59 cents per share in the quarter were 25.5% higher than the year-ago comparable […]
