Author Archive: Jeremy Parkinson
New Home Sales Better In September, But Which One?
New home sales rose almost 20% in September 2017 from August 2017. In just the one month, the pace of sales surged from a seasonally-adjusted annual rate of 561k to 667k. The latter monthly estimate was the highest since 2007, therefore much is being made of that comparison. As usual, it’s a false one. Given […]
Is It Time To Start Panicking?
There’s an old Wall Street adage that says: “Don’t panic until the last bear throws in the towel.” Folks, start panicking. David Einhorn became a billionaire hedge fund manager by buying undervalued stocks and successfully shorting overvalued ones. He’s the quintessential “value guy.” He’s been out of step with this market rally for a long […]
Teva: Is Another Dividend Cut In The Cards?
Teva’s (TEVA) is facing pricing pressure in its core generics business, while the company is laden with debt. After disappointing Q2 results in which the company’s gross margins declined from 57% to 50%, Teva cut its dividend 75% to 8.5 cents: Generic drugmaker Teva Pharmaceutical Industries took a pounding from investors after it slashed its […]
PennantPark Floating Rate Capital Ltd. Prices Public Offering
NEW YORK, Oct. 25, 2017 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (Nasdaq:PFLT) announced that it has entered into an agreement to sell 6,000,000 shares of common stock resulting in net proceeds exclusive of offering expenses to the Company of approximately $84.3 million, or $14.06 per share. The Company’s investment adviser, PennantPark […]
Weekly Heating Oil Prices – Wednesday, Oct. 25
We’ve used data based on the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $2.67, up a penny from last week. Supply is […]
Caterpillar & 3M Show The Economy Is Strong
The Market Never Falls Anymore Even though the Dow was overbought heading into the week, the biggest determining factor for how it would go was earnings. This shows how technical analysis has its limits when news is released. The Dow rallied 0.73% because Caterpillar and 3M reported great results. These reports are evidence of the […]
HH In China, Innovation Cuts Both Ways
Written by Matthew Bey China is in a bind. The heavy industry that propelled the country’s economy through three decades of dizzying growth has reached its limits. To escape the dreaded middle-income trap, China will need to shift its focus from low-end manufacturing to other economic industries, namely the technology sector. Beijing has put tech at […]
Stocks And Precious Metals Charts – We’ll Always Have Paris
For whatever reason, and I have some thoughts along those lines, the powers-that-be in American finance and politics are terrified of a decline in the US stock markets, ever since the election of His Donaldship. And so once again this bloated pig of a market continued to float just above the dangerous waters of correction […]
Emerging Markets In 2018: China, India … Or Both?
Emerging markets were in great shape this year. We wrote repeatedly how excited we were, and even wrote several articles about emerging markets in 2018. Emerging Markets: Which Prices To Watch In 2018 Emerging Markets Will Be Strongly Bullish In 2018 5 Emerging Markets To Buy In 2018 This article compares the setup of India […]
Vishay Intertechnology – Chart Of The Day
The Chart of the Day belongs to Vishay Technology (VSH).I found the electronic component stock by using Barchart to sort today’s 52 Week High list by the highest number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 9/11 the stock gained […]
