Author Archives: Rick Pendergraft

Has The Bond Selloff Run Its Course?

Over the past year and a half, the U.S. 10-year Treasury Note has been under tremendous selling pressure and that has caused the rate to rise to its highest level since June ’14. We see on the chart below that the futures price for 10-year notes has dropped to its lowest level since mid-2011 and the momentum seems to be ...

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Chip Sector in the Earnings Spotlight

As earnings season continues to pick up steam, the semiconductor sector will be in the spotlight this week with five major chip-makers releasing earnings reports over the next three days. The semiconductor sector has performed incredibly well over the past year. The chart below shows that the VanEck Vectors Semiconductor ETF (NYSE: SMH) outperformed all of the select sector SPDR ...

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European Central Bank – Tightening Could and Should Accelerate

Last week the European Central Bank (ECB) released the minutes from its rate-setting meeting in December and the notes revealed that the bank’s tightening strategy could move faster than originally anticipated. This revelation came just a few days after the Bank of Japan (BOJ) released a similar statement. The BOJ revealed that it had made fewer bond purchases than investors ...

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Financial Sector Gets Earnings Season Started

Earnings season kicked off this week with reports from the likes of Lennar, KB Homes and Delta Airlines, but it was financial institutions such as JP Morgan and Wells Fargo that really kicked off the start of the earnings season. Both of these banking behemoths reported on Friday morning, and the results were somewhat split. JP Morgan (NYSE: JPM) beat ...

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Apple Tops List of Most Added Stocks by Mutual Funds in Q4, While Banks Top the List of Those Most Sold

Even as news surfaced that Apple (Nasdaq: AAPL) had been manipulating older iPhones to slow their performance, mutual funds were adding the stock to their portfolios more than any other stock. All told, 65 funds added shares and the total investment totaled over $1.8 billion in purchases. Apple did move higher in the fourth quarter with most of the gains ...

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Beware Of Top Performing Newsletters

Many people make resolutions at the beginning of each New Year. Some people focus on their health, some focus on their relationships and others focus on changing their financial situation. I can’t help you with the first two, I am not the picture of health, but my wife and I will celebrate our 25th Anniversary in 2018. It is the ...

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Repatriation Rate and Uses Becoming Clearer

I have written a couple of articles about the new tax bill and how the success of the bill will depend greatly on how much cash is repatriated and how the cash is then used once it is brought back to the United States. Thanks to a few announcements and a survey, we are starting to get an idea of ...

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