Author Archive: Jeremy Parkinson
Fourth-Quarter GDP Final Estimate Hits 2.9%,Tops Consensus
The third estimate of fourth-quarter GDP is 2.9%, up 0.4 percentage points from the second estimate. The BEA revised its Fourth-Quarter 2017 GDP estimate to 2.9%, topping the consensus estimate of 2.7%. Rick Davis at the Consumer Metrics Institute provides this summary. The boost in the headline number resulted from upward revisions to contributions from consumer spending (+0.17%) and […]
Tesla Crash Sinks Stock: Shorts Rejoice, Bulls See Opportunity
Tesla Inc. (Nasdaq: TSLA) is the latest Wall Street darling to be ravaged by bears due to an onslaught of negative headlines. The deadly Tesla crash in California has sparked a regulatory investigation, which is only adding to the liquidity concerns and worries about the Model 3 ramp. Tesla stock plunged to its lowest level in […]
New Weekly Update: The Three Largest Cryptocurrencies
With all the focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
Most Active Equity Options And Strikes For Midday – Wednesday, March 28
Top tickers for midday: BAC, RIG, AAPL, FB, AMD, C, MSFT.
Equifax Climbs After Appointing Former GE Executive Mark Begor As CEO
Shares of Equifax (EFX) are in focus after the company appointed former GE (GE) executive Mark Begor as its new chief executive officer. The appointment comes as Equifax faces increased regulatory scrutiny after it revealed that additional customer information was compromised in the data breach beyond what was previously disclosed. NEW CEO: Equifax appointed Begor, […]
Stocks’ Price To Eventually Ratio
The Bureau of Economic Analysis (BEA) revised upward fourth quarter 2017 Real GDP. The second estimate had been revised lower to 2.50458% (continuously compounded annual rate of change) from the advanced estimate. The third and final calculation raises the quarterly increase to 2.84707%. None of the changes are substantial. Accompanying these revisions are the BEA’s […]
EC 5 Blue Chips Quietly Developing A Use For The Blockchain
What high-growth trend could put Netflix out of business, run over Uber and set eSports on a supercharged path? Blockchain, apparently. The hottest trend since, well, bitcoin, is a bit of a mystery. On the face of it, blockchain is a decentralized digital ledger where cryptocurrency transactions are chronologically logged for the public good. But […]
Amazon, Tesla, Facebook And Investing In ‘The Future’
Look, I don’t know. Maybe tech will rebound on Wednesday and manage to close green, but the first couple of hours were a continuation of Tuesday’s bloodbath and what I would say to anyone who thinks this is somehow surprising is that maybe common sense took a backseat to “FOMO” sometime in 2017. And when […]
HH Kooky Real Estate Prices In Leading Global Cities
£593,369 – the average price of a house in London in January! (That’s about $829,000.) $1 million plus – what 400 square foot condos go for in Vancouver! $1.5 million – the cost of a median house in San Francisco! $20 million – for a 2,000-square foot penthouse condo with a view of Central Park! […]
Outlook For Gold – Same But Different
“Some things never change. Some things do.” You might be wondering why we are quoting one of the lines from the Matrix movie. The reason is because that’s exactly what we can say about the gold market and the price patterns in it. The thing that never changes is the fact that gold will always […]
