Buy These 2 Growing Energy Behemoths
May 19, 2015
Jeremy Parkinson
Finance
This article is directed at two kinds of investors. In one corner, we have the former Kinder Morgan Energy Partners unit holders, who are extremely upset at the Kinder Morgan roll up and their very large tax bills. In the opposite corner are investors who would like the yields and dividend growth rates of the […]
Housing Starts Rise 20% … Still Well Below Normal
May 19, 2015
Jeremy Parkinson
Finance
There is still significant upside to housing starts…….higher rates will help boost housing…. “Davidson”submits: The NAHB HMI (Housing Market Index) and Single Family Starts were reported the past two days. The HMI (XHB) at 54 and Starts at 733,000 indicate that a positive trend remains in place. Many appeared to have been surprised by this […]
BitGold Adds Another 59% Today
May 19, 2015
Jeremy Parkinson
Finance
We first highlighted the explosive potential of the newly-listed company BitGold (TSV:XAU.CA) on Thursday of last week. They are an internet platform for acquiring, holding, and making payments in gold. If you bought shares on Thursday, you are sitting on profit of roughly 75% in the past three trading sessions. The stock blasted 59% higher today on strong volume of 1.7 […]
Daily Recap – May 19, 2015
May 19, 2015
Jeremy Parkinson
Finance
Today was in my opinion another boring day in the market. There were no major moves in the broader indices, with both stocks closing relatively flat. Commodities were in the spotlight as oil and gold both fell a few percentage points respectively. With respect to MCD and TWTR there was no intra day movers that […]
YHOO Tumbles After BABA Spinoff Faces IRS Uncertainty
May 19, 2015
Jeremy Parkinson
Finance
Around 1537ET YHOO shares began a flash-crash-like free-fall with ascending volume on an accelerating plunge in price. BABA did not snap until 1544ET when it cracked lower and the arbs desperately tried to keep the two firms tied together somehow. Initial chatter was import tariff news from China (which may have explained the huge divergence […]
Derailing Amtrak: Tracking The Latest Disaster In The Infrastructure Crisis
May 19, 2015
Jeremy Parkinson
Finance
The dangerous underfunding of US infrastructure was underscored by a fatal train derailment on May 12th. The tragedy did not deter the House Appropriations Committee from voting to slash Amtrak funding the very next day. There are ways Congress could fund its massive infrastructure bill without raising taxes. But the conservative-controlled Congress seems to have […]
E
Sarepta Therapeutics Announces FDA Approval To Submit NDA For Eteplirsen
May 19, 2015
Jeremy Parkinson
Finance
Shares of Sarepta Therapeutics (SRPT) are up about 38% in after-hours trade after the company announced that the FDA will allow it to file for a New Drug Application — NDA — for Eteplirsen. Eteplirsen is the company’s drug to treat Duchenne muscular dystrophy — DMD. Patients who suffer from DMD have limited muscle movement […]
Gold Daily And Silver Weekly Charts – Pullback
May 19, 2015
Jeremy Parkinson
Finance
Gold and silver have been steadily rising, but today gave a piece of that up and fell back to near support. The 1200 and 16-17 ranges have their allure. What a surprise. The dollar rallied off the ‘better than expected’ home starts and permits number. Recovery! There was intraday commentary about The Recovery™ here. Have a pleasant […]
Minor Losses But Distribution Returns
May 19, 2015
Jeremy Parkinson
Finance
The S&P dropped just over a point, but finished above 2119 support. Today’s action holds the gain and remains in bullish mode. Technicals are bullish, although the relative performance against the Russell 2000 has dropped off markedly, which is better for the broader rally, even if bad for the S&P in the near term. The […]
Two Junior Miners In Alaska Highlighted On US Senate Floor For Their Strategic Importance
May 19, 2015
Jeremy Parkinson
Finance
I highlighted several weeks ago the rising concern by the US public about our mineral dependance on foreign entities. Important national news has just crossed our wires this morning as two of our featured Alaskan junior miners were mentioned in testimony on May 12th in front of the US Senate Energy and Natural Resources Committee as being […]