Author Archive: Jeremy Parkinson
Five Below (FIVE) Q3 Earnings & Sales Beat, Raises View
Five Below, Inc. (FIVE – Free Report) delivered better-than-expected top and bottom line for the fifth straight quarter, when it posted third-quarter fiscal 2017 results. The impressive results prompted management to provide an encouraging outlook. Consequently, shares of this Zacks Rank #2 (Buy) company increased 2.3% in after-hour trading session yesterday. In fact, the stock has surged 28.7% […]
Debt, Taxes, Growth And The GOP Con Job
During more than four decades in Washington and on Wall Street it is quite possible that we never picked up any useful skills. But along the way we did unavoidably acquire what amounts to a survival tool in those fair precincts—-namely, a nose for the con job. And what a doozy we have going now as a desperate mob of Capitol […]
Charting Gold, Silver, Oil, And Natural Gas
Below we take a look at one-year trading range charts for gold, silver, oil, and natural gas. For each chart, the green shading represents between two standard deviations above and below the commodity’s 50-day moving average. Moves to the top of or above the green shading are considered overbought, while moves to the bottom of […]
Rail Week Ending November 2017: Economically Intuitive Sectors Again Improved
Week 47 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion and the rolling average growth rate improved marginally. Analyst Opinion of the Rail Data We review this data set to […]
Commodities Weekly Wrap-Up – Friday, Dec. 1
With metals up and down, it can be easy to think that the market won’t rise. However, Eric Sprott talks gold and silver, the COMEX, and the potential for a rally in 2018. The global precious metals demand is through the roof, Eric says. “There’s a serious misallocation of physical gold and silver,” he says. […]
Energy Led The Way, While The Recent Market Leader, Financials, Cooled Off Some
My Swing Trading Approach I’m not opposed to adding more long positions to the portfolio, but I’m not going to force anything. Should the early morning weakness persist, I’ll stand aside. Indicators VIX – VIX rose 5.4% yesterday, despite super bullish price behavior from the market. T2108 (% of stocks trading below their 40-day moving average): The […]
Billion Dollar Unicorns: New Relic At A 52-Week High
According to Gartner, the Application Performance Management market grew 13% to $2.93 billion in 2016. With enterprise businesses continuing to rapidly adopt cloud technologies, the APM market is expected to reach $5.6 billion by 2020. The market is led by Dynatrace with 14.2% share followed by IBM with 8% share and New Relic (NYSE: NEWR) with […]
Crestmont Market Valuation Update – Friday, Dec. 1
Quick take: Based on the November S&P 500 average of daily closes, the Crestmont P/E is 122% above its arithmetic mean and at the 99th percentile of this fourteen-plus-decade monthly metric. The 2011 article P/E: Future On The Horizon by Advisor Perspectives contributor Ed Easterling provided an overview of Ed’s method for determining where the market is headed. […]
US Dollar Starts December On Shaky Footing
Video Length: 00:07:35 The past 24-hours haven’t been kind to the US Dollar, setting up a shaky start to the final month of 2017. The influences are two-fold, given that the Federal Reserve has been removed as a near-term influence on price action: after all, Fed funds are pricing in a 100% chance of a […]
Zumiez (ZUMZ) Matches Q3 Earnings Estimates, Shares Sink
Zumiez Inc. (ZUMZ – Free Report) just released its third-quarter financial results, posting earnings of $0.48 per share and revenues of $245.8 million. Currently, Zumiez is a Zacks Rank #2 (Buy) and was down 7.11% to $22.25 per share in after-hours trading shortly after its earnings report was released. Matched earnings estimates. The company posted earnings of […]
