Leading Financial Newsletter Profit Confidential Reports on Four Stocks to Watch this Earnings Season
The fourth-quarter earnings season is here and analyst George Leong, contributor to Profit Confidential, believes it will help to dictate the trading action over the next several months.
"I continue to believe that technology will be the driver of the stock market going forward into the next several years. Take any opportunity to buy on weakness," says Leong.
One of the technology stocks Leong believes deserves attention is Internet star Google Inc. Many are eagerly awaiting fourth-quarter numbers to be released. In the third quarter, Leong reports, Google beat estimates on revenues and earnings by a wide margin. Leong believes that the company's addition of Motorola Mobility Holdings, Inc. will help Google in aggressively pushing sales of its "Android" phones.
"Apple Inc. continues to be the star and I expect continued strong results this year, especially with sales of 'iPads' and 'iPhones,'" says Leong. He feels that there is no stopping the momentum the company has.
Intel Corporation is the dominant chipmaker in the world and Leong thinks its concerted move into more mobile applications should pay off.
Leong believes that Yahoo! Inc. needs a change of direction and may be on the verge of a potential takeover by private equity.
"The key will be revenues, especially organic growth. We want to see revenues grow to drive earnings instead of cost cuts. Without revenues growing, it is difficult to imagine a healthy economy," says Leong.
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 < a [url=http://href="www.profitconfidential.com">www.profitconfidential.com]href="www.profitconfidential.com">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 < a [url=http://href="www.profitconfidential.com">www.profitconfidential.com]href="www.profitconfidential.com">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.
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Categories: Business
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