Author Archives: Rick Pendergraft

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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Why Facebook and Twitter Both Got Crushed After Earnings

Social networking companies Facebook and Twitter both reported earnings this past week and both saw violent drops in their stock price after the reports. Facebook dropped 19% on Thursday and according to Bloomberg, that decline erased $120 billion in market cap, more market capitalization than any decline in history. Twitter reported Friday morning and opened over 13% lower and was down ...

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Stocks Are Not Reacting Positively to Earnings in Many Cases

It is still early in this earnings season, but I am already noticing a trend that is concerning. There have been a number of companies that reported earnings and revenue numbers that beat analysts’ estimates, but the stocks have reacted by moving lower or hardly moving at all. Three banks kicked off earnings season on July 13 and Citigroup and ...

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President Trump’s Wants and Policies Are At Odds

Donald Trump has never been shy about telling people what he wants and what he doesn’t want. That was true long before he became president and it has continued since he entered the White House in 2017. Unfortunately what the President says he wants and his own policies are contradictory to one another in several instances. Let’s start with the ...

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Google’s $5 Billion Fine and Impending Earnings Report

Earlier this week the European Commission slapped a record-setting fine on Google for unfair business practices. The commission said the company unfairly pushed its apps on users and thwarted competition. Margrethe Vestager is the European Commissioner for Competition and she stated, “Google has used Android as a vehicle to cement the dominance of its search engine.” The commission claims that ...

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