Lane Mendelsohn Vantagepoint ai President Interviewed Live on NewsmaxTV

Lane Mendelsohn Vantagepoint ai President Interviewed Live on NewsmaxTV

President Lane Mendelsohn was invited to be interviewed on NewsmaxTV to discuss recent tech stock losses, Cyber Monday impact and good buy suggestions. Here is the interview below:

 

NewsmaxTV Host: So, today is another one of the biggest shopping days of the year. It’s Cyber Monday. That well, little brother to Black Friday. But still, a very expensive little brother. Now, here are some stats that might shock you heading into this Cyber Monday. RetailMeNot reports that nearly 80% of Americans plan to shop on either Black Friday and, or Cyber Monday. It also says that nearly two-thirds of shoppers, and I am one of these people, want to make their purchases online because they don’t want to deal with crowds and stress. Nearly all shoppers believe that the deals that will be available this year on these days Black Friday, Cyber Monday. Won’t happen at any other time. Of Course, Black Friday was this past Friday. That’s why I’d like to welcome in our next guest, Lane Mendelsohn he’s the president of Vantage Point AI, excuse me. Lane, thanks very much for your time today.

Lane Mendelsohn:  Glad to be here.

NewsmaxTV Host:  Now Lane, your company forecasted that the tech stocks erased all the gains for the year. What do you think caused it? Could they possibly see some rebounding off of Cyber Monday and the ensuing days leading up to Christmas?

Lane Mendelsohn: Yeah, well I mean what a very interesting time right now, because not only has the SNP erased all of the gains that it generated this year. But for the second time this year the SNP is now in correction territory which has not happened since the late 1940s so we’re in some very unusual times. Now having said that, investor sentiment is very high, it’s very positive. People have more money right now than they’ve had in a long time. So they’re freely spending it. We saw that with Black Friday. We’re see that again with Cyber Monday. I don’t think that, that’s going to stop as we continue through the Holiday season. We know that the third Saturday of December is a big retail spending day. And of course the Sunday before Christmas, also a big spending day. We’re already seeing the effects of this happening in the retail stocks today. But as you’ve mentioned, there were signs of this much earlier. Our artificial intelligence forecasting technology Vantage Point, did start showing signs of strength around November 20th.

NewsmaxTV Host: So, what do you think this means for Q4 earning reports for these tech companies? For especially companies like Amazon. Is this going to be a game changer for them going into 2019, this holiday season?

Lane Mendelsohn: Yeah, I think it’s going to have a real positive effect. I think we’re going to see that the tech stocks and many other stocks also, are going to see a lift from this. Now, Amazon is an interesting company because some people think of Amazon as a tech company. Others think of Amazon as a retailer. You can probably find five other sectors you can technically you fit Amazon into. So, Amazon’s an interesting one. I know that there are a lot of other businesses in areas of business they’re involved with. So, I think they’re pretty protected because of the diversity that they’re involved with. Yeah, obviously they did hit hard in October when the tech stocks tumbled. I do believe based on our forecasting and from the other factors that drive the tech stocks that we are going to see them rebounding.

NewsmaxTV Host: Yep. The same could be said of many of the icon tech brands. Apple is a retail company, a tech company, a storage company. Microsoft you could make that argument for as well. Even IBM you don’t hear about them much anymore, but behind the scenes IBM is still a major, major player in the tech space. So again, even if these companies forward facing aren’t selling you product, they’re hardware, they’re infrastructure is supporting the sale of the product. The delivery of the product, right? So, is this simply good news across the board for the tech sector?

Lane Mendelsohn: Yeah, this is absolutely good news. I love seeing this. And what’s interesting is if you look at the retail stocks. Let’s just focus on that for a second because of the season that we’re in. They were in sync with the DOW for a good part of the year. Up until about the end of August. Then the retail stocks and the DOW went out of sync with each other. They have then gotten back into sync with each other. So, it’s going to be interesting to see what happens the rest of the year. Our indicators are forecasting that there will be some short-term strength which could lead into longer-term strength. Some of our indicators on the short-term are pointing up. Others on the longer-term are still pointing down so that’s a cautionary sign that we need to watch for. The signs of strength are definitely there.

NewsmaxTV Host: What are good buys in your opinion, or your AI’s opinion? What companies right now look like good buy opportunities as they’ve taken a bit of a dip?

Lane Mendelsohn:  Around November 20th we started getting very positive forecasts on certain retail stocks like Best Buy, Kohls, Walmart, Macy’s for sure. For people that don’t want to get involved in individual equities the symbol XRT which is the SMP500 retail ETF … [inaudible 00:04:51] stock. Again, on November 20th we got a forecast that that one would start going up as well. It had gotten hit pretty hard, but we’re definitely showing signs of strength and forecasting that one to go up, as well. So, that’s definitely one to watch. And then generally looking across the bored. You know we have an artificial intelligence screener which scans through thousands of stocks each day. But there are certain sectors that are ripe right now and tech is absolutely one of them that is being indicated.

NewsmaxTV Host: Lane Mendelsohn, Vantage Point AI. Great information Lane, thanks very much for joining me.

Lane Mendelsohn: Great, thank you so much.

You can read the press release by clicking here >>>

By |2018-11-29T15:17:16+00:00November 29th, 2018|Company News|0 Comments

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