After a few days of forecastlessness, PredictWallStreet has published 15 new forecasts for you to eat and enjoy. A few new companies that I haven’t seen forecasted in awhile that I’m particularly excited about. For the past few weeks I’ve been pretty upset with the way things have been looking and thus had to break up with most of my stock boyfriends. Things are a little moody this morning too; stocks have been fluctuating greatly all morning reflecting investor trepidation in assessing the current economy’s state. Now that I’m back on the market (Get it? Market. Ha.), I’m looking for some fresh meat. Ever heard the saying a fool and his money are soon invited everywhere? Seems like everywhere I turn some new security is vying for my precious affection. Weeding out the bad from the good is the hardest part.
McDonalds (MCD), fine dining of the US of A, has been forecasted this morning to close down. MCD is up right now almost 4% and investor sentiment appears to be pretty neutral but could be heading into bear territory soon. At a glance, this is surprising to me because given our current state and the decline in spending, I would think that consumers would be more apt to eat at fast food restaurants to stay in line with there budgets. Especially when discount stores like Wal-Mart are seeing such an influx of new customers, I would assume “discount” restaurants would be experiencing likely trends. Perhaps everyone is at Taco Bell. My only other conclusion is that fundamentally McDonald’s is not doing to well and has incurred a large amount of debt. But then again, who hasn’t?
Staying on topic with things you can eat, Pepsico Inc. (PEP) is forecasted to close up today. Sentiment looks to be pretty bearish this week. They announced on Tuesday they were cutting 3,300 jobs and close six plants which will certainly hurt its profits. I guess I’m confused as to why it is forecasted to close up. I mean you know it’s bad when people can’t afford $2.00 liters. A lot of analysts have been advising to stock up on dividend stocks. PEP is at 2.7% dividend yield, which I suppose is attractive at a time like this.
I just can’t stay away from Apple. It’s like that BF you know isn’t good for you, but you just can’t seem to stay away from them. AAPL is forecasted to close up today and sentiment is extremely bearish. In the past week I’ve already had three friends come up to me exclaiming how badly they want to buy a new Macbook because the price has been dropped. So there you have it. That marketing scheme worked brilliantly and Apple should probably see an increase in Macbook sells very soon. Ok I realize my friends are not indicative of the entire world, but I still do believe a lot of people will be jumping on that bandwagon. It makes perfect sense to drop prices in a time of economic tightening. The thing is you have to be a company like Apple to even make something like that plausible and affordable for the company.
Amazon (AMZN) is also forecasted to close down. Strangely at the beginning of the week when Amazon’s price dropped, sentiment was still pretty bullish. I’m assuming that this was a sort of lag on consumer reactions. On recent reports that consumers will be spending less money this year online and offline, it makes sense that Amazon would feel this crunch. RBC analysts have cut revenue estimates this year by a million dollars due to the consumer spending slow down. While Amazon often offers discount prices, even such low prices aren’t enough to keep thrifty consumers happy.
Happy Thursday to everyone! Thursdays are the best because you only have 1 day till the weekend! My new video blog has been uploaded under the Community Leader page on PredictWallStreet. Go check it out and let me know what you think!
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