Author Archive: Jeremy Parkinson
June 2017 Residential Building Improves
The headline residential building permits improved and construction completions improved. Our analysis agrees. Analyst Opinion of Residential Building The backward revisions this month were moderate.The nature of this industry normally has large variations from month to month (mostly due to weather) so the rolling averages are the best way to view this series – […]
PetIQ Is A Good Deal But Has A Few Fleas
PetIQ (PETQ $14-16) is a small (~$350M sales) growth company doing an $85M IPO with Jefferies and William Blair as lead underwriters. The deal looks solid given that the company is gaining share in the large and growing market of pet medications, health and wellness products and flea and tick treatments. For the whole story […]
Gold Rebounds From Overnight Mini-Flash-Crash
Around 4amET, someone decided it was the perfect time to dump around half a billion dollars worth of notional gold into the futures markets. The biggest single flush hit at 357amET with $228mm notional (around 1800 contracts) flushed to break below the 200DMA… This ripped the precious metal’s price back to yesterday’s lows before it was quickly […]
New Residential Housing Starts Up In June
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for June new residential housing starts. The latest reading of 1.215M was above the Investing.com forecast of 1.155M. Figures going back to April were revised. Here is the opening of this morning’s monthly report: Building Permits Privately-owned housing units authorized […]
US Housing Jumps – USD Unexcited – More Falls To Come?
Housing starts are up 8.3% to 1.215 million and building permits rise 7.4% to 1.254 million annualized. Both figures are ahead of expectations. The previous figure for housing starts was revised up to 1.122 million. It’s all good. The dollar is not really taking advantage of this. Is this a bearish sign for USD bulls? […]
Will We Hold It Wednesday – New Highs Again?
Up and up she goes. Now we’re watching that 6,000 line on the Nasdaq (/NQ) Futures which is up 33% in 18 months and up 40% from the lows of Jan, 2017. We barely paused at 5,000 and didn’t pull back at 5,500 but our first attempt at 6,000 was rejected and, if we call […]
The Stock Whisper Of The Day: MS, SMH, ITB
Hot stocks of the day: MS, SMH, ITB Video length: 00:04:58
High Yield IED
“What we’re seeing is an increase in the evolutionary pace of IED (improvised explosive device) design. It’s increasing at a pace we previously haven’t seen.” – Ben Venzke The traditional benchmark asset allocation is 60/40 – 60% in stocks, 40% in bonds. Such a “balanced” allocation is considered to be a moderately conservative investment posture as […]
Euro, Yen Volatility Due With BOJ, ECB Meetings Tomorrow
Video length: 00:09:45 Amid a quiet economic docket that won’t see one ‘high’ rated event this entire week, the US Dollar’s decline continues. Absent data catalysts that could spark a turnaround, the greenback is left adrift at sea, set to go wherever the winds of other currencies blow its sails. While the calendar in general […]
Calyxt, Inc.: Regulatory Hurdles Keep Us Cautious On This (Otherwise Exciting) IPO
Calyxt Inc. (Nasdaq: CLXT) filed an S-1/A with the Securities and Exchange Commission for its planned initial public offering. The company intends to offer 6,060,606 shares at a marketed price range of $15 to $18. It has an additional 909,091 shares over-allotted for its underwriters. The underwriters for the offering include Citigroup, Jefferies, Wells Fargo Securities, BMO Capital […]
