Author Archives: Rick Pendergraft

Resilient Tech Sector Continues to Set Records

When the trade war started at the beginning of 2018, most investors expected it to take a toll on certain sectors more so than others. Many expected it to hurt the industrial sector and the tech sector more than others. Despite the concerns, the tech sector has continued to climb and has doubled the returns of the overall market. Using ...

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Retail Sector in the Spotlight – Right Now

The American consumer has done a great job of propping up the economy. Corporate spending has been on the decline for the last few quarters, but spending at the consumer level has kept the U.S. economy growing. Over the next week or so the spotlight will be on the retail sector as retail sales for October are set to be ...

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Recession Fears Fade – Gold and Bonds Stabilize

When the Fed first started hinting at a rate cut back in the spring, gold was trading below the $1,300 level. As things heated up in the trade dispute between the U.S. and China, three things happened—stocks fell, bonds rallied, and gold rallied. From the end of April through the end of May, the S&P 500 fell 6.5% as investors ...

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Saudi Arabia’s Aramco – The Largest IPO in History

Remember when Apple eclipsed the $1 trillion market cap mark and it made headlines across the financial media? Yeah, it was a big deal and Microsoft eclipsed the trillion market cap back in April. Now the investment banking world is gearing up for an Initial Public Offering that is being priced between $1.5 trillion and $2 trillion. Saudi Aramco, the ...

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Market: Good News Keeps Rolling In!

This week is one of the busiest weeks for economic news for the entire year. The first look at third quarter GDP came out on Wednesday and there was an FOMC rate meeting and decision on that same day. The ISM Manufacturing Index and the October Employment report are both due out tomorrow. So far the news has been positive ...

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Earnings: Healthcare Good, FAANG Stocks Bad

Over the past year, two sectors have noticeably lagged the overall market—healthcare and energy. The S&P 500 is up 16.58% in the last 52 weeks and eight of the 1o main sectors have gained between 15% and 25% while the healthcare sector is up only 8.2% and the energy sector is down 7.8%. The energy sector will see some of ...

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Alpha: How to Gain an Edge on the Market

One of the words that you hear quite often in the investment world is “alpha”. Investopedia gives us this definition for alpha and what it means in investment terminology: “Alpha” (the Greek letter α) is a term used in investing to describe a strategy’s ability to beat the market, or it’s “edge.” As an investor and the editor of an ...

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Consumers Are Fat, Happy and Spending, but are there Cracks in the Economy?

The American consumer has been carrying the U.S. economy as the current economic expansion continues. Personal spending has increased in each of the last six months and consumer confidence hit a reading of 135.8 in July—one of the three highest readings since 1999. Even the banks that have reported earnings this week have seen more consistency from the consumer banking ...

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Opinions on Stocks Diverge – Safe Bet? Or Lost Cause?

There were a couple of headlines that caught my attention on Tuesday morning and they seemed to be polar opposite theories regarding stocks. The first headline was from Yahoo Finance and it read, “Stocks a ‘no-brainer’ even without a trade deal.” The second headline was from Bloomberg and it was from a video on the network, “There Isn’t Much Upside ...

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