Author Archive: Jeremy Parkinson
Blue Chip Stocks In Focus: Toronto-Dominion Bank
‘Blue chip stocks’ received their name because, in the game of poker, the blue chips have historically had the highest value. Despite the association with poker, blue chip stocks are for those not looking to gamble on unproven businesses. In the stock market, blue chip stocks are valued for their low volatility, stable performance profile, and lower […]
Euro Moves Higher As Draghi Paves The Way For Stimulus Reduction
The euro currency moved to a new 2017 price high against the U.S. dollar, as European Central Bank (ECB) President Mario Draghi delivered an upbeat assessment of the Eurozone economy, following the central bank’s decision to leave monetary policy on hold at the July meeting of its governing council. For the time being the ECB’s […]
USD/JPY: Bearish, Retains Its Downside Pressure
USD/JPY: The pair continues to hold on to its downside pressure closing lower the past week. On the downside, support comes in at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. […]
SocGen Asks: ‘Will Euro Strength Kill The Eurozone Profit Recovery?’
Ok, well one thing we’ve been pounding the table on for a week is the extent to which excessive (whatever “excessive” means in this context) euro strength will undercut the bull thesis for European stocks. This dynamic was on display on Friday and then again Monday morning, as a soaring single currency added to the […]
UBS Downgrades Goldman On Slump In Trading Revenues
The knives are out early this morning among the brokers, where UBS – hardly the embodiment of banking and sales and trading health these days – just downgraded Goldman Sachs to Neutral, cutting its price target from $250 to $235, on the recent disappointing results from the company’s FICC group. UBS said it believes the […]
Dollar Dimmed By WH Drama
The US Dollar Index is trading close to a 13-month through as political turmoil in the US had led to diminished expectations that Donald Trump will be able to push through the various agendas that he had campaigned for in his bid to become the US President. Friday’s resignation of Sean Spicer, the spokesman for […]
Stanley Black & Decker (SWK) Posts Upbeat Q2 Earnings, Sales
Stanley Black & Decker Inc. (SWK – Free Report) is a leading global manufacturer of branded tools and engineered solutions for professional, industrial and consumer applications. Also, the company provides integrated access and security solutions to commercial, institutional and residential customers. This New Britain, CT-based company has a $22.5 billion market capitalization. However, Stanley Black & Decker’s exposure […]
The BOJ Is Telling Us To Buy Japanese Equities. Should You Listen?
At WisdomTree, we track a very interesting weekly statistic reported by Japan’s Ministry of Finance (MOF)—the net flows from foreign investors into Japan’s equity market.1 As of June 16, 2017, approximately $2.7 billion had gone INTO Japan’s equities for the 2017 year-to-date period. That compares to $155 billion in 2013, $22.5 billion in 2014, $3.5 […]
Hasbro, Inc. 2Q 2017, Halliburton Company 2Q 2017 Earnings Reported
Hasbro 2Q 2017 earnings and Halliburton 2Q 2017 earnings were released before opening bell this morning. Hasbro posted net earnings of 53 cents per share on $972.5 million in sales. Wall Street had been looking for 45 cents per share and $974.2 million in revenue. In last year’s second quarter, the toymaker reported 41 cents […]
