Author Archives: Rick Pendergraft

First Quarter Plunge: A Recap

By now you have probably heard that the first quarter of 2020 was the worst quarter for the Dow Jones Industrial Average since 1987. For the S&P 500, it was the worst quarter since 2008. While those stats are startling, they could have been much worst had the quarter not started so well. In reality, the first quarter saw the ...

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Why Buying Apple and Microsoft Now Makes Sense

The market has seen some gains in the last week and a half or so, but I for one am not ready to declare an end to the bearish phase in the market. We just started getting some of the economic reports that have been impacted by the shutdown and we haven’t started getting earnings reports from individual companies yet. ...

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All of a Sudden Share Buybacks are Bad?

When the Trump Administration was able to get the tax reform bill passed in late 2017, one of the key components of the bill that was supposed to help boost the domestic economy was the clause that allowed corporations a one-time opportunity to bring money back from overseas with a significantly reduced penalty. Personally, I wrote several articles regarding the ...

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Where I Think We Are in the Market Cycle

Social media is a wonderful thing sometimes. Of course, there are the downfalls with the spreading of rumors and false stories, but it is also a means of keeping in touch with people that you might not get to see on a daily basis. One thing I personally like about social media is being able to stay in touch with ...

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How Technical and Fundamental Indicators Work Together

I know I have said it before, but I think it bears repeating—I believe fundamental indicators tell us what to buy, while technical indicators tell us when to buy. With all of the carnage we have seen in the last four or five weeks in the overall market, my beliefs continue to be proven. The S&P peaked back on February ...

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The Market Presents Its Own Version of Fast & Furious

With the losses on Wednesday and Thursday, the major U.S. indices officially reached bear market territory by falling over 20% from their peaks in February. Looking at the rapid decline, I couldn’t help but be astounded by how sharply the decline has occurred. In four weeks the S&P is down over 26% – at least at the time I was ...

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Can Income Investors Come to the Rescue for Stocks?

Monday was one of the most bizarre days I have experienced in my 20 years in the investment publishing business. The three major stock indices in the U.S. each fell over 7% on the day. While that is up there in terms of bad days for stocks, it wasn’t the bizarre part for me. The two things that I found ...

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