Author Archive: Jeremy Parkinson
Billion Dollar Unicorns: Ticket Monster To Invest In Groceries
South-Korea based mobile e-commerce marketplace Ticket Monster has the distinction of being acquired by two Billion Dollar Unicorns LivingSocial and then Groupon, both of which spun it out. Today, Ticket Monster continues its journey as an independent Billion Dollar Unicorn in this highly competitive market. Ticket Monster’s Journey Ticket Monster (TMON) was founded in 2010 by Hyun-sung […]
IMF Ups China’s Growth Expectations, Cuts US Forecasts
The International Monetary Fund (IMF) has revised its China’s GDP growth forecast for 2017 and 2018 to 6.7% and 6.4% respectively. This is up from an upgrade made in April to 6.6% and 6.2%. China’s growth is expected to continue to be a key driver for a firming recovery of the global economy. Their World […]
U.S. Dollar; Triple Support Test After Rare 30-Week Decline
From 2011 to the start of this year, the US Dollar has been pretty strong, as it rallied nearly 30% in 6-years. Over the past 30-weeks, King Dollar has been rather weak. Below is a chart for the US Dollar over the past 18-years, with 30-week performance applied. CLICK ON CHART TO ENLARGE King Dollar […]
Blue Chip Stocks In Focus: IBM
Blue chip stocks are generally associated with quality. They may not be the most exciting stocks to buy, but their strong business models and consistent dividends make them very rewarding to own over the long-term. For these purposes, the term ‘blue chip’ refers to stocks that have paid a dividend for at least 100 years, […]
Ford Motor Company 2Q 2017, Boeing 2Q 2017 Earnings Released
Ford (F) 2Q 2017 earnings and Boeing 2Q 2017 earnings were released before opening bell this morning. Ford reported adjusted earnings of 56 cents per share on $39.85 billion in revenue, compared to the consensus estimates of 43 cents per share and $37.3 billion. In last year’s second quarter, the automaker reported $39.5 billion in […]
Investors Expect The Fed Representatives’ Comments
Yesterday there was an increase in demand for the American currency against the background of the release of positive statistics and growth in the US government bonds yield. In July, the consumer confidence index increased by 3.2% to 121.1. Experts expected the indicator at the level of 116.5. The 10-year US bonds yield rose sharply […]
‘It’s A Coiled Spring!’: Trader Sees ‘Immediate Rally’ In ‘Beleaguered’ Dollar
You need to understand something this morning. Namely that former trader and self-described “permabull” Mark Cudmore is calling for “an immediate rally” in the dollar. As you’re probably aware, the dollar is a lot like Jeff Sessions – “beleaguered.” And what’s funny is, both the dollar and Sessions are “beleaguered” for the same fucking reason: […]
Why You Can’t Afford To Miss European Small Caps
After getting past a variety of elections—most notably the French presidential election—without anti-market sentiment spreading throughout Europe, we have seen a relatively large shift in equity market performance. Fundamentals within Europe were allowed to drive performance as opposed to equity markets needing to be wary of Brexit or Trump-like election surprises. Europe’s fundamentals and, particularly, rebounding earnings have been […]
The Coca-Cola Co. 2Q 2017, Hershey Co. 2Q 2017 Earnings Reported
Coca-Cola 2Q 2017 earnings and Hershey 2Q 2017 earnings were released before opening bell this morning. Coca-Cola reported non-GAAP earnings of 59 cents per share on $9.7 billion in net revenue, compared to the consensus estimates of 57 cents per share and $9.65 billion in sales. In last year’s second quarter, the soda maker reported […]
Aussie CPI Falls, But Broader Picture Keeps RBA Projections Intact
CPI Falls Back over 2Q Australian CPI came in below expected over the 2Q printing 1.9% year over year, well beneath the 2.2% level forecast. Despite the decline underlying measures of inflation, which the RBA focus on, were in line with expectations at 0.5% quarter over quarter. However, annual underlying inflation remains below the bank’s […]
