Author Archives: Rick Pendergraft

A Rising Tide May Lift All Boats, but Not All Boats are Seaworthy

In the past, I have shared my investment philosophies and what I look for in stocks. I want companies that are growing earnings and revenue, they have good management efficiency measurements (ROE, Profit Margin, Etc.), and they are trending higher. I also want stocks that have some skepticism toward them because I believe for a trend to be maintained, there ...

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What We Learned From the December Employment Report

When the Bureau of Labor and Statistics released the December employment report last Friday, the main focus of most people was on the fact that the number of jobs added in December was below the consensus estimate. Nonfarm payrolls increased by 145,000 and the estimate was for 266,000 jobs to be added. The initial reaction from the market was a ...

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Like it or Not, Analysts’ Ratings Still Matter

One of the factors I like to take into account when analyzing a stock is the analysts’ ratings. It is just one measure of sentiment that can be tracked and quantified, and then I combine the sentiment indicators with the fundamental analysis and the technical analysis to come up with what I consider to be the total picture of a ...

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Survey Shows Biggest Concerns of CEOs for 2020

The U.S. Conference Board recently released the results of its CEO survey and the results showed that U.S. CEOs are most worried about a recession. In the survey for 2019, cybersecurity was the top concern for domestic leaders with recession fears ranking third. The thoughts of a recession were very low on the list as we headed in t0 2018. ...

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Experts: Emerging Markets will Outpace Developed Markets in 2020

Watching and listening to the various investment analysts, traders, and portfolio managers that have appeared on Bloomberg Television over the last week or so, there is a common theme in their outlooks for 2020. Many of these experts have expressed their opinion that they see emerging markets outpacing developed markets in the coming year. Because I haven’t been keeping a ...

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Oil and Gold Outlooks for 2020

Heading into 2019, I was rather bullish on oil and gold. I had been bullish on gold for several months as the precious metal was oversold in the third quarter of 2018 and the sentiment was the most pessimistic it had been since 2001. As for oil, it dropped sharply in the fourth quarter of last year. It was oversold ...

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Active vs Passive Investment Management

Some people have referred to the year 2019 as the “Everything Rally” for the investment world and the description is accurate. Pretty much every asset class you can think of has beaten its historical return this year. Domestic stocks and international stocks, large-cap stocks and small cap stocks—they have all beaten their historical returns in 2019. Commodities as a whole ...

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