Lombardi: Stock Market Commentary & Forecasts, Financial & Economic Analysis Since 1986

Posts Tagged ‘Stock Market News’

Markets to End Year Higher,
but Down from 2009 Gains

By for Profit Confidential

Markets will end up higher this year, but well off the gains of 2009.

On the plus, the S&P 500, NASDAQ and Russell 2000 are holding above their previous chart highs, while the DOW is off 0.05% below its previous chart high. Failure to hold above the previous highs could drive selling in stocks to a sideways channel.

Transports, Then Financials, Then Technology—It’s the Leadership
the Stock Market Needs

By for Profit Confidential

It’s looking like the main stock market averages are hitting key resistance levels as they continue with their upward bias. Trading volume has been mediocre, but, then again, it’s been that way since the financial crisis. What the stock market really needs is a good catalyst—a positive catalyst that can help investors take their buying to the next level.

The Worst Performing
Investment of 2011 Will Be…
Welcome to My 2011 Interest
Rate Forecast Issue

By for Profit Confidential

If there is one investment to avoid in 2011, it will be bonds. Why? Simply because interest rates are headed higher in 2011.

No, we won’t see a spike in short-term interest rates. The Fed will not let that happen. But the Fed cannot control long-term interest rates.

Sure Things and Growth Picks in Retail

By for Profit Confidential

If you need sure-bet plays in retail, you have to stick with Wal-Mart Stores, Inc. (NYSE/WMT) and Costco Wholesale Corporation (NASDAQ/COST).

Costco delivered with strong results on Wednesday, after posting earnings of 312 million dollars, or $0.71 per diluted share, above the consensus estimate of $0.69 per diluted share, according to Thomson Reuters.

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