How To Identify A Classic Bubble
Jul 27, 2015
Jeremy Parkinson
Finance
One of the most ironic and fascinating characteristics about an asset bubble is that central banks claim they can’t recognize one until after it bursts. And Wall Street apologists tend to ignore the manifestation of bubbles because the profit stream is just too difficult to surrender. The excuses for piling money into a particular asset […]
IFO Surprises And Lifts Euro
Jul 27, 2015
Jeremy Parkinson
Finance
The Euro had been gathering steam and had earlier struck a 2-week peak versus the US Dollar as traders awaited the release of German business sentiment. Germany, as the largest economy in the Euro area, essentially drives the remainder of the Eurozone and largely sets sentiment for the common currency. All three of the IFO […]
Pandora Media, Inc. (P) Releases Strong Q2 Earnings, Analysts Remain Bullish
Jul 27, 2015
Jeremy Parkinson
Finance
Pandora Media, Inc.(P) reported its second quarter 2015 earnings on July 23, exceeding analyst expectations. While the street predicted Pandora would generate an adjusted earnings of $0.02 per share on $283 million in revenue for the quarter, the company in fact generated an adjusted earnings of $0.05 per share on $283 million in revenue. The […]
Emerging Market Preview: The Week Ahead
Jul 27, 2015
Jeremy Parkinson
Finance
(from my colleague Dr. Win Thin) EM assets are starting off the week on a softer footing. The China situation remains unsettled, with stocks on Monday posting their biggest one-day loss in eight years. More support measures seem likely if the rout continues.The calm in China equity markets from last week has been shattered, and is […]
China Meltdown Part II – Now Are You Paying Attention?
Jul 27, 2015
Jeremy Parkinson
Finance
I told you so barely covers it on this one! China failed to provide the anticipated additional stimulus over the weekend or today and the Shanghai Composite quickly gave up half of the gains they made over the past two weeks of MASSIVE stimulus and rule changes that STILL have many stocks halted and […]
U.S Recession Imminent – Durable Goods Drop For 5th Month, Core CapEx Collapses
Jul 27, 2015
Jeremy Parkinson
Finance
Durable Goods new orders has now fallen 5 months in a row (after revisions) flashing a orangey/red recession warning. After 2 weak months, Durable Goods bounced more than expected in June (+3.4% vs +3.2% exp) – though non-seasonally-adjusted dropped 3.1% MoM. But ex-Transports remain deeply in recession territory. There was an unexpected drop […]
Spirit Airlines (SAVE) Beats Q2 Earnings, Revenues In Line
Jul 27, 2015
Jeremy Parkinson
Finance
Spirit Airlines (SAVE – Snapshot Report) reported second-quarter 2015 financial numbers wherein the bottom line exceeded the Zacks Consensus Estimate while the top line was on par with the same. In the reported quarter, GAAP earnings of $1.05 per share increased 18.3% year over year while adjusted earnings of $1.03 per share surpassed the Zacks Consensus Estimate of […]
Be Aware Of These Surroundings Friends
Jul 27, 2015
Jeremy Parkinson
Finance
CLICK ON CHART TO ENLARGE It could pay to be “aware of these surroundings!” (1) – Nasdaq Composite Index is back at 2000 highs, with little wiggle room at the top of this rising wedge pattern (2) – Google shot up after earnings two weeks ago hitting a resistance line based upon its 2007 highs […]
EUR/USD Pressing Up Against Resistance Barrier
Jul 27, 2015
Jeremy Parkinson
Finance
The EUR/USD pair initially fell on Friday, but found enough support near the 1.09 level in order to bounce significantly and form a nice-looking hammer. The hammer sits just below the 1.10 level, so it does look like we are pressing up against a significant resistance barrier. Ultimately, we think that if we can break […]
The Stock Whisper Of The Day: TLT, GDX, AGG, BCS
Jul 27, 2015
Jeremy Parkinson
Finance
Hot stocks of the day: TLT, GDX, AGG, BCS Video length: 00:05:31