Author Archive: Jeremy Parkinson
E Large Cap Best And Worst Report – November 18, 2014
Since 2010, our top scoring weekly has outpaced the SPX by a median 376 bps in the following year. The best performers from our list one year ago are MU up 69%, RCL up 64%, FB up 63%, and AAPL up 57% Healthcare is the best large cap sector. The top large cap industry is […]
Home Depot Announces Third Quarter Results; Reaffirms Fiscal Year 2014 Guidance
ATLANTA, Nov. 18, 2014 /PRNewswire/ — The Home Depot®, the world’s largest home improvement retailer, today reported sales of $20.5 billion for the third quarter of fiscal 2014, a 5.4 percent increase from the third quarter of fiscal 2013. Comparable store sales for the third quarter of fiscal 2014 were positive 5.2 percent, and comp sales for U.S. stores were […]
Monitoring Momentum With A Set Of Moving Averages
The momentum factor in asset pricing is widely recognized and respected, but there’s nothing close to consensus on the best definitions for what is arguably the most durable “anomaly” in the markets. A quick review of the voluminous literature on the subject reveals a variety of methodologies—absolute vs. relative momentum or price-based vs. return-based strategies, […]
Halliburton-Baker Hughes Mega-Merger: Deal Sealed At $35B
After days of speculation and the recent hostile bid, oilfield service behemoth Halliburton Co. (HAL – Analyst Report) and its smaller rival Baker Hughes Inc. (BHI – Analyst Report) confirmed that they have entered into a merger agreement. Despite pitching favorable outcomes of the merger, Halliburton shareholders did not take the deal kindly and the stock plunged over 10%. The company, offering […]
Realized Vol Tumbles To 9 Year Low: “Hallmark Qualities Of A Healthy Market”
A few weeks after VIX, aka market implied vol, soared from the mid teens to 30 following the Treasury flash crash and the subsequent near correction in the market before the much publicized James Bullard stick save of the “wealth effect”, VIX has since tumbled and at last check was once again trading in the […]
Morning Call For Nov. 18, 2014
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 -0.04%) this morning are down -0.07%, although European stocks are up +0.89% after German investor confidence rose more than expected to a 4-month high. Asian stocks closed mixed: Japan +2.18%, Hong Kong -1.13%, China -1.00%, Taiwan -0.28%, Australia-0.24%, Singapore +0.76%, South Korea +0.95%, India -0.05%. Japanese stocks closed higher after Prime Minister Abe […]
Dollar Broadly Mixed As Corrective Forces Try To Take Hold
The overall theme today appears to be one of consolidation, encouraged by European data, which included a slightly higher than expected UK CPI and a considerably better German ZEW survey. Japan’s Prime Minister Abe has not disappointed the market; delaying the sales tax hike and calling for elections next month. Still, the major currencies are […]
Gold & Future – Looking Brighter
The emails now favor those who are reformed gold “investors” with still some diehard believers in fiat, manipulations, and paper gold. Futures have existed since Babylonian times and have had the exact opposite impact as claimed – they expand liquidity and thus make that market more suitable for trading be it stocks, bonds, or commodities. […]
Japan Slips Into Recession
Japanese PM Shinzo Abe has made restoring the Japanese economy to significant growth and the ending of a 20 year run of deflation the priorities of his administration. In order to do this, the Bank of Japan (BOJ) has adopted even more accommodative monetary policies including an aggressive asset purchase scheme and there has been […]
