Apple still has some shine as an investment opportunity,” says Leong. “I don’t believe Apple will become a trillion-dollar company anytime soon, as some of the more optimistic investors believe, but I do think Apple will rule the tech space.
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New York, NY (PRWEB) May 02, 2012
George Leong, contributor to Profit Confidential, reports that technology stocks had earnings growth of 16.8% in the fourth quarter. Leong believes that, while growth in the first quarter is not expected to be as high, the sector will be a top pick for an investment opportunity.
“I continue to firmly feel that technology stocks will be the place to be as the best investment opportunity for growth investors going forward,” says Leong.
In the Profit Confidential article, Apple & Technology Stocks Looking Like Great Investment Opportunities, Leong states his belief that technology stocks have largely delivered on expectations.
“Apple still has some shine as an investment opportunity,” says Leong. “I don’t believe Apple will become a trillion-dollar company anytime soon, as some of the more optimistic investors believe, but I do think Apple will rule the tech space.”
Leong notes that Yahoo! Inc. managed to beat on revenues and earnings per share and there is speculation that it could be a potential takeover target.
Leong also looks at several other high-tech names. “International Business Machines Corporation fell short on revenues, but beat on EPS along with raising its annual EPS outlook,” says Leong, “while Intel Corporation beat on revenues and EPS.”
“Google Inc. beat on its Q1 EPS, but came up in-line on revenues,” says Leong. “Google also announced a two-for-one stock split, which could jump start the stock.”
Leong believes that the area that will offer the best investment opportunity is that of mobility applications for tablets and smartphones, as users shift away from the more cumbersome personal computers and laptops.
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%.
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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.