Predictions through 5/3/2008

By on May 5, 2008

On May 2, 2008, on CNBC, Louise Yamada said the commodity bull market was still intact and the dollar was still in a long-term downtrend.

The same day Rick Santelli, CNBC interest rates, foreign exchange, and the Federal Reserve commentator, said the dollar index had bottomed. Whether he meant short-term, intermediate or long-term is unknown.

On May 3rd, Scott Bleier recommended Mueller Industries (MLI, 33.01), touting it as “dirt cheap,” holding $8 1/2 in cash, 9X earnings, “goes up 20 points over the next 2 years.”

Gary B. Smith believes financial stocks are cheap and specifically picked American Express (AXP, 50.40) because the chart looks good, “broke out… see the stock in the 60’s in the near term.”

Pat Dorsey likes Kraft (KFT, 32.04). Reasons: 1) Buffett was buying it, 2)Dorsey thinks its worth over 40, 3) They have the brands that give them the pricing power to offset higher commodity costs.

Tobin Smith picked the Solar Energy ETF (KWT, 39.28). “Up 25-50% before the end of the year.”

John “Bradshaw” Layfield recommended Yum Brands (YUM, 40.50) because China’s currency is appreciating against the dollar

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