New York, NY (PRWEB) October 19, 2012
Mitchell Clark, financial expert and contributor to Profit Confidential, reports that recently released earnings reports for third-quarter earnings season have only been decent and some meaningful earnings warnings have recently been issued, resulting in choppy stock market action and low trading volume. But according to Clark, this is a stock market that still wants to go up.
Clark notes that investor sentiment hasn’t been dampened by recent reports and warnings. He adds that, similar to previous quarters, not all companies or industries are experiencing the same level of business conditions. According to the Profit Confidential expert, the marketplace is therefore favoring existing stock market winners.
Clark believes visibility for the fourth quarter will be the catalyst for the stock market this earnings season.
“Companies don’t need to outperform in the third quarter; they only need to confirm or increase guidance for the fourth and this market will keep going higher,” reasons Clark. “There are still a lot of structural problems with this stock market, and [one] certainly can’t call it a bull market. But share prices are likely to keep ticking higher over the near term, even in the face of conflicting economic news.”
In the article “The Best Stocks for New Buyers,” Clark highlights the trend he’s seeing in corporate earnings that so far, shows better business conditions in the domestic U.S. market.
“The problems abroad remain, but the numbers are showing improvement in the U.S. economy, albeit inconsistently,” says Clark.
Clark concludes, “This earnings season, companies with major international operations are going to struggle. No amount of cost control can keep earnings afloat with recession in Europe and the policy-induced economic slowdown in China.”
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market... before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.