Comfort Zone Investing: Undercurrents of a Recovery

Filed under: Apple Inc (AAPL), Intel (INTC), Ford Motor (F), International Business Machines (IBM), Comfort Zone Investing

There is some solid evidence building that a recovery is beginning. The broader data points like unemployment, housing starts, and consumer spending aren’t showing them yet. The reason for hope of a real recovery lies more in sectors that are often precursors to economic growth.

The first industry showing real strength is technology. Apple (AAPL) reported great numbers ($3.51 vs. $2.01 last year in the third quarter — fiscal year ends in September). Revenues were $15.7 billion vs. $9.73 billion last year. Management is forecasting $3.44 per share for the fourth quarter and $18 billion in sales. iPods and iPads were very popular the last three months. Another tech giant that wowed investors: Intel (INTC). It set a new record for quarterly earnings. IBM (IBM) showed advances in sales and profits, though a little less than hoped. Semiconductor companies, beside Intel, can’t make their integrated circuits fast enough as demand for mobile devices such as cellphones continue to grow. Clearly, the tech sector is enjoying boom times.

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Comfort Zone Investing: Undercurrents of a Recovery originally appeared on BloggingStocks on Sat, 24 Jul 2010 10:30:00 EST. Please see our terms for use of feeds.

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