Author Archives: Rick Pendergraft

Shifting from Quarterly Reporting to Semi-Annual Reporting – Bad Idea?

President Trump has instructed the Securities and Exchange Commission to study the impacts of shifting corporate earnings’ requirements from a quarterly schedule to a semi-annual schedule. There are two theories behind the idea. First, that there is too much attention paid to the quarterly results and that management in turn is too short-term in its focus. The second part is ...

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Trade War Impact Spreading and Not Just Geographically

When President Trump announced intentions to place tariffs on goods from Canada, China, Mexico, and the European Union, I knew the effects on the markets would be widespread. I wasn’t sure how long the spat would go on, but I knew that the longer it went on, more markets would be affected and the impact would increase. The effects are ...

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Chinese Internet Stocks Falling With Trade Dispute

The Trump administration went on the offensive regarding trade imbalances back in January. When the idea of placing tariffs on Chinese goods was announced, it caused equity markets around the world to experience a short-term selloff. Since then, there have been ups and downs in the markets as well as in the negotiations. When the trade war started, I immediately ...

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Lack of Global Diplomacy Rattles Financial Markets

There are a number of diplomatic disputes going on around the globe currently. The U.S. has placed sanctions on Iran and Turkey for different reasons. Canada and Saudi Arabia are at odds over human rights and things have escalated dramatically. England and the European Union are at odds due to Britain’s plans to exit the union. Of course then there ...

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Is Tesla a LeBron James or a Kwame Brown?

I am an admitted basketball junkie. I watch 20-25 games a week during college basketball season. Every summer, when the NBA draft is approaching, fans, scouts, and analysts start evaluating players. One word that you hear a lot is potential. You hear comments like, “he has a lot of potential” and “there is no limit on his potential”. And every ...

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Housing Industry Facing Several Issues

After almost ten years of tailwinds, the housing industry is facing some headwinds for the first time since the financial crisis and real estate collapse in 2007 to 2009. Several reports came out last week that are flashing warning signs for the housing market, but there is also a growing problem that isn’t reflected in the government reports. First of ...

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