If a benchmark stock like Automatic Data Processing is trading right near its 52-week high, it’s one more sign that the U.S. economy is moving in the right direction, albeit slowly.
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New York, NY (PRWEB) February 22, 2012
There are a number of benchmark stocks that Mitchell Clark, contributor to the leading financial newsletter Profit Confidential, follows that are very good indicators either for a specific industry, the economy in general, or the stock market. In a recent article, Clark revealed what certain benchmark stocks are saying right now.
“A benchmark stock that’s always worth keeping an eye on is IBM Corporation,” says Clark. “This stock has been going up, virtually in a straight line, since September of 2010. Today, the stock is priced right at its all-time record high of $194.00 per share.”
Clark highlights that Wall Street analysts are continuing to increase their earnings expectations for IBM, with 18 analysts in the last 30 days increasing their earnings estimates for all of 2012.
“Another benchmark stock I want to see a breakout in is General Electric Company,” says Clark. “This stock has basically been trading between $10.00 and $20.00 a share since the stock market low of March 2009.”
Clark points out that General Electric proved to be a good leading indicator for the global economic slowdown and should therefore be a good indicator of its recovery.
One company that Clark feels is an important benchmark stock to follow is Automatic Data Processing, Inc. “This well-known payroll and human resources outsourcing company provides a great barometer on the Main Street economy and the U.S. employment picture specifically,” says Clark.
Automatic Data Processing’s quarterly results last year were very solid, according to Clark, considering the state of the economy.
“If a benchmark stock like Automatic Data Processing is trading right near its 52-week high, it’s one more sign that the U.S. economy is moving in the right direction, albeit slowly,” says Clark.
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.