U.S. Stock Market in 2015
Lombardi Publishing Corporation was established in 1986 as an investment newsletter providing stock market analysis to its readers. Today, we publish 26 paid-for investment letters, most of which provide stock market direction and individual stock picking analysis.
In 2001, Michael Lombardi started his famous daily economic newsletter Profit Confidential. Written by Lombardi Financial editors who have been offering stock market guidance for years to Lombardi customers, Profit Confidential provides a macro-picture on where the stock market is headed, what sectors are hot, and which sectors to avoid.
Over the years, Michael’s financial commentary and the accuracy of his economic predictions have garnered him global attention, and the confidence of over one million investors in more than 140 countries.
Michael Lombardi has been widely recognized as predicting five major economic events over the past 10 years.
1) In 2002, he famously told readers to get into gold
2) Told them to get out of the housing market in 2006
3) Predicted the recession of late 2007
4) Warned readers to get out of stocks in the fall of 2007
5) Advised readers to get back into stocks in March 2009
In 2002, Michael’s Profit Confidential famously advised readers to buy gold-related investments when gold bullion traded under $300.00 an ounce. “I’ve been pushing gold bullion and gold shares for over a year now. Back in January 2002, I personally started buying gold shares.” (As published in Profit Confidential, December 13, 2002.)
In 2006, Profit Confidential “begged” its readers to get out of the housing market years before it plunged. Michael started warnings abut the coming U.S. housing crisis right at the peak of the boom. On August 2, 2006 Michael Lombardi predicted, “I’m getting very worried about the state of the U.S. housing market and its ramifications on the economy. The U.S. could be headed for its first annual decline in home prices on record, adjusted for inflation. And, I really believe this could be a catastrophe for the U.S. economy.”
Michael was also one of the first to predict the U.S. economy would be in a recession by late 2007. On March 22, 2007, he warned, “Over the past few weeks, I’ve written about subprime lenders and how their demise will hurt the U.S. housing market, the economy, and the stock market. There’s no escaping the carnage headed our way because the housing market and subprime business are falling apart. The worst of our problems, because of the easy money made available to borrowers, which fuelled the housing boom that peaked in 2005, has yet to arrive.”
At the same time Michael wrote this, former Federal Reserve Chairman Alan Greenspan was quoted as saying, “The worst is over for the U.S. housing market, and there will be no economic spillover effects from the poor housing market.”
Michael Lombardi also warned his readers in advance of the crash in the stock market of 2008. On November 29, 2007, Michael Lombardi predicted, “The Dow Jones Industrial Average, the S&P 500, and the other major stock market indices finished yesterday with the best two-day showing since 2002. I’m looking at the market really of the past two days as a classic stock market bear trap. As the economy gets closer to contraction, 2008 will likely be a most challenging economic year for America.”
The Dow Jones peaked at 14,279 in October, 2007. A “sucker’s rally” developed in November 2007, which Michael quickly classified as a bear trap for his readers. One year later, the Dow Jones Industrial Average was at 8,726.
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.
Markets are down on Thursday morning of July 30th. The NASDAQ slipped 0.62%, while the Dow and S&P 500 both lost around half a percent.The big news was from gross domestic product (GDP) data for the U.S. In the second quarter of 2015, U.S. GDP increased at an annual rate of 2.3%. Moreover, the Bureau of Economic Analysis also revised. Read More
Chinese search engine giant Baidu, Inc. (NASDAQ/BIDU) took a huge hit in its stock price on Tuesday July 28th. Why? The company just released its second-quarter earnings. (Source: Baidu Inc., July 27, 2015.)The top line numbers look great. Total revenue increased 38.3% year-over-year to $2.67 billion in the second quarter of 2015.. Read More
If you’re seeking remarkable high-dividend gains, it would be worthwhile to check out the contenders for our top dividend stocks for August 2015.With this many uncertainties surrounding the equity markets, I doubt that many companies will be able to increase their dividends for a while. Under these circumstances, many firms. Read More
Shares of Buffalo Wild Wings Inc. (NASDAQ/BWLD) soared on Wednesday July 29th, after the company reported second-quarter earnings, signaling the restaurant chain’s investment in customer experience is paying off.During the previous quarter, total revenue increased 16.5% year-over-year to $426.4 million. (Source: Buffalo. Read More
Micron Technology, Inc. (MU) and Intel Corporation (INTC) Have Invented New Chip That Launch Computer Revolution
Shares of both Micron Technology Inc. (NASDAQ/MU) and Intel Corporation (NASDAQ/INTC) jumped on Tuesday July 28th after the companies announced a breakthrough innovation on the memory chips underlying computers, smartphones, and tablets. (Source: The Wall Street Journal, July 28, 2015.)The new chips are reportedly 1,000 times. Read More