As the shares of Apple Inc. cracked $600.00, the company had a market cap of $561 billion, making it the largest in the world based on market cap. According to George Leong, contributor to Profit Confidential, Apple should be able to continue to surge ahead and move higher. In his recent article, Why Apple Is …
The unemployment rate in Europe is at its highest level since the inception of the euro, according to Michael Lombardi, lead contributor to Profit Confidential. In Lombardi’s recent article, Unemployment in Europe Hits Highest Level Since Inception of Euro, he describes the deteriorating situation in Europe. “The numbers are horrifying,” says Lombardi. “Youth unemployment rates …
The Chinese economy has grown to the point where powerful companies have now emerged and are ready to take on the world, according to Michael Lombardi, lead contributor to popular financial newsletter Profit Confidential. In his recent article, Chinese Companies Ready to Take on the World, Lombardi states that the Chinese economy and the companies …
In the retail sector, sales have been mixed, with discounters and big-box stores faring the best, as shoppers flock to Wal-Mart, Target and Costco stores. According to George Leong, contributor to popular financial newsletter Profit Confidential, the way consumers spend will likely dictate how the economy will fare in 2012. “The reality is that consumer …
The signs point to more troubles ahead. The stock market is in bear market territory for small-caps with the collapse on Thursday. There were several technical breaks materializing on the broad-based heavy selling. The small-cap Russell 2000 is a mess, down 17.89% this year and 25.46% from its 52-week high. The S&P appears to be …
“Considering gold bullion has gone up about 500% since 2001, how can we be so sure gold bullion in not in a bubble?” This is a common question we hear from new PROFIT CONFIDENTIAL readers. Here are our top five reasons why we believe gold bullion prices, far from being in a bubble, have much …
There’s no doubt that it’s been a choppy August and September for the stock market. But I want my readers to look at these facts: The Dow Jones Industrial Average opened 2011 at 11,557 and opens this last trading day of September at 11,153, down 3.6% for 2011 so far. At the beginning of 2010, …
The signs point to more troubles ahead. The stock market is in bear market territory for small-caps with the collapse on Thursday. There were several technical breaks materializing on the broad-based heavy selling. The small-cap Russell 2000 is a mess, down 17.89% this year and 25.46% from its 52-week high. The S&P appears to be …
So which bank owns the majority of those 800,000 homes repossessed during the credit crisis bust? Well, it’s not a bank. It’s the U.S. taxpayer. About a third of the country’s repossessed homes, 248,000 of them, are owned by the U.S. government (Source: Bloomberg Business Week, 9/5/11). What an absolute catastrophe for taxpayers. In its …
Gold prices rising for 10 years straight…the money supply greatly expanded…the printing press for dollars running overtime…am I the only one concerned about rapid inflation? I rarely read or hear a report talking about today’s rising prices or the hyperinflation we may sustain in the years ahead. We all know prices are rising—only housing prices …