New York, NY (PRWEB) February 13, 2012
As reported in a recent article by popular financial newsletter Profit Confidential, Oracle Corporation disappointed investors with its earnings results, but Intel Corporation slightly beat the Street’s estimates. According to Mitchell Clark, contributor to Profit Confidential, even though there has been mixed earnings among large-cap technology companies, the sector has traded higher due to reasonable valuations.
“We’ve had a very good start to the year and this bodes well for the near-term outlook,” says Clark. “We’re now in the lull between earnings seasons and the stock market will be focused on economic news and other factors.”
Clark also points out that policy action and statements by the Federal Reserve have been accommodating and, in his opinion, they may be part of the election year drive to pump up financial markets.
“It’s highly probable that this will be a good year for the stock market; it usually is during an election year,” says Clark.
Clark isn’t so worried about company fundamentals, as he points out that there are solid earnings, a decent corporate outlook, and improving economic news to go on.
“I’m more worried about the geopolitical nightmare of Iran and the other powder kegs in the Middle East. This to me is the most important investment risk for stock market investors this year,” says Clark. “It warrants a conservative portfolio stance and a healthy dose of protection, such as gold.”
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.