Lots of fools have been sitting on the sideline badmouthing this market, saying it’s not real and it will simply have to crash. Well, it may be true that this market isn’t “real” but the gains spend just as nicely in an “ersatz” market.
And, to tell you the truth, my readers in Crisis Trader have been cleaning up with gains of 156%, 260% and 197%, just to name a few.
The current diatribe of the bears is that the companies can’t hit their numbers. Nonsense; last year was so bad and the numbers so low, any improvement will look stunning.
That’s why I wasn’t shocked today when General Mills Inc. quarterly earnings were up 51%.
According to The Wall Street Journal:
“General Mills Inc.'s (GIS) fiscal first-quarter earnings soared 51% as the company's profit margins widened in tandem with moderating commodity prices and as sales rose of household staples like Hamburger Helper, Multigrain Cheerios and Pillsbury cookie dough.”
Not only are people staying home and making their own dinner, but lower commodity prices also helped the big food makers over last year.
Oil might be at $70, but that’s down from $147 last year. This pushed gross margin up to 41.5% from 34.1%.
Global Auto Sales Are Also Looking Up
Ford Motor Company is up about 6% today as they announced a small car that will be made in India. India Ford CEO Alan Mulally said he expects U.S. sales between 10.5 million and 11 million this year and rising to 14.5 million in 2011.
That’s not chopped liver. How about Ford just kicking butt this recession? The stock is up 600% off its lows. And my buddy Adam Lass, chief, you got all of it and made 691% off some well-timed call options.
Adam says, “The guys at Ford had a straightforward idea: clean out the deadwood, lose the guys who couldn’t make money on small cars. The car business isn’t that complicated; run a tight ship, keep your costs down, and you’re bound to make money eventually.”
Find out how Adam can make you money.
Another Big Mover Today Is Ascent Solar: Up 43% on a New Deal…
According to Business Wire, Ascent (ASTI:NASDAQ) announced today that it has signed a direct supply agreement with Goal Zero LLC, a subsidiary of Provo Craft and Novelty, Inc., a consumer products company located in Utah. Under the terms of the agreement, Ascent Solar will supply up to 30,700 units of its “Premier” module through 2010.
Ascent makes thin-film solar panels, which will be used for portable power applications.
There are plenty of bright spots in the economy. Those who will tell you that the U.S. doesn’t make anything anymore are flat-out wrong. The falling dollar will boost our manufacturing base and create a surge in exports.
There is plenty of money to be made in this market – good hunting.
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