Author Archive: Jeremy Parkinson
Caterpillar Inc. Reports EPS Beat In Q1, Misses Slightly On Revenue
Image Source: Unsplash Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, announced its first-quarter results for 2024. The results revealed a mixed performance that showcased resilience in a challenging market. Despite a slight drop in sales and revenues, the company achieved a record adjusted profit per share and strong cash flow, underscoring its operational […]
Meta Commentary – Thursday, April 25
Image Source: Unsplash Meta Crashes 12%Shares in iconic US tech company Meta (parent of Facebook) are trading heavily lower ahead of the US open today. The stock is currently almost 13% down from yesterday’s closing price as traders digest the details of Meta’s Q1 earnings, which came out after the bell yesterday. On the numbers front, […]
The Jones Act: Consequences Of A Destructive Industrial Policy
Image Source: Pexels The United States has had an industrial policy aimed at boosting its domestic shipbuilding industry since the passage of the Merchant Marine Act of 1920, commonly known as the Jones Act. Whatever the arguments for the passage of the bill a century ago, it has over time been a disaster for the US […]
Top FSC Democrat says stablecoin bill is imminent
Representative Maxine Waters, the top Democrat on the Financial Services Committee, has expressed optimism about reaching a deal on stablecoin regulation in the near future, following extensive discussions with key stakeholders in Congress and various government agencies.In an interview on Bloomberg Television’s “Balance of Power,” Waters stated that she and Committee Chairman Patrick McHenry, a […]
US Stock: Johnson & Johnson
Company: Johnson & JohnsonBloomberg ticker: JNJ USMarket cap: US$383,813mBackground: Johnson & Johnson, through its subsidiaries, is engaged in the research and development, manufacture, and sale of a range of products in the healthcare field. The Company’s primary focus is products related to human health and well-being. World Class Benchmarking of Johnson & Johnson Profitable Growth rank of 1 was […]
German Consumers Take An Optimistic Turn
Image source: Pixabay A better-than-expected improvement in consumer confidence not only adds to recent positive macro news out of Germany but also gives hope that private consumption could pick up over the coming months.Even German consumers are brightening up. Consumer confidence increased to the highest level in two years at -24.2 in May, from -27.3 in April. […]
Japanese Yen Hits All-Time Low As BoJ Meeting Commences
Image Source: Pixabay The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will remain unchanged at zero. Investors are keenly watching for any aggressive signals from the BoJ, as further […]
The Government Spent $11 Trillion
Image Source: Pexels Uncle Sam tried his best to buy a recovery. The sheer amount of money redistributed by the federal govt the past four years is incomprehensible. Here’s the thing: the transfers didn’t stop in 2021. A huge chunk of them kept going right on to today. And still, it wasn’t enough to stabilize an […]
Morgan Stanley mulls allowing brokers to recommend Bitcoin ETFs
Morgan Stanley is considering allowing its 15,000 brokers to recommend Bitcoin exchange-traded funds (ETFs) to clients, reported AdvisorHub on April 24.The financial institution had initially approved Bitcoin ETF purchases following regulatory approval earlier this year. However, clients had to proactively request these products from advisors.Now, Morgan Stanley is weighing a shift to let brokers actively […]
Thoughts For Thursday: Stock Indices Stay Steady Amid Corrections
So far April has been a month for corrections but the major indices have kept a steady keel from Tuesday to Wednesday, this week. Middle East tensions are keeping oil prices high which is spilling over to hesitation in some stocks.Pixabay The S&P 500 closed at 5,072 on Wednesday, (5,071 on Tuesday), up 1 point, the Dow […]
