Author Archives: Rick Pendergraft

Analyzing a Stock vs. Analyzing a Company

I have mentioned in previous articles that, in addition to the writing I do for Bull Market Rodeo, that I also write articles for Seeking Alpha. Most of the articles I write for Seeking Alpha are earnings previews—breaking down the whole picture of the stock ahead of the earnings report. When I say whole picture, I am talking about the ...

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Brazilian Market Outperforming in the Last Few Quarters

Over the last few quarters, we have seen global stock markets experience extreme declines followed by big rallies. The S&P 500 fell 19.3% from the beginning of the fourth quarter through the low close in December and finished the quarter down 14%. For comparison purposes, the Shanghai Composite fell 11.6% in the fourth quarter, and Mexico fell almost 19%. Eurozone ...

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ECB Follows China’s Lead Creates New Stimulus

In a surprise move, the European Central Bank announced a new stimulus package at its policy meeting on Thursday. The ECB announced no changes to the rates and it signaled that it will hold interest rates where they are for the rest of 2019. This is almost a complete reversal from what the bank’s stated policy was just three months ...

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Has President Trump Cried Wolf One Too Many Times?

It is clear that President Trump pays a great deal of attention to the stock market. He has made numerous comments about the market over the last few years, and usually it is regarding how well it is doing. Personally, I like the fact that he is aware of what is going on in the market, being that I am ...

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Global Economic News Paints a Gloomy Picture

The last few days have been busy ones for global economic reports. Most of the reports have pointed to a global economic slowdown, with the U.S. being one of the few countries that have produced positive surprises. Bloomberg host Jonathan Ferro stated this morning, “Global growth is looking soft, Europe is looking terrible, China looks dreadful, and the United States ...

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Negative Signs for Retail Sector Starting to Add Up

The retail sector is a key component of the U.S. economy, and there are several indications that things are not looking very good for the sector. Last week the retail sales figures for December were released and it showed an unexpected decline of 1.2%. Analysts were expecting an increase of 0.1% for December. The headline number wasn’t the only area ...

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Isn’t Anyone Worried About the Federal Debt Anymore?

I have expressed in previous articles that I consider myself to be politically agnostic. I don’t believe either Democrats or Republicans have my best interest in mind. I have felt this way for a number of years now and the current political environment isn’t doing anything to change my mind. One of the issues I have with the parties is ...

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Personal Debt Info Shows Troubling Trends

Earlier this week the Federal Reserve Bank of New York issued a report about personal debt and there were several trends that are concerning. First and foremost, household debt rose to a record level in the fourth quarter of 2018. The total household debt came in at $13.5 trillion—yes that is trillion with a “T.” The fact that it hit ...

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