The market is getting a nice boost in early trading after several companies reported stronger than expected earnings last night and this morning.Big companies like Intel (INTC), Yahoo (YHOO), Coca-Cola (KO), Abbot Labs (ABT), CSX, UTX, etc. all beat consensus expectations for earnings. This has given the market a boost, and helped the Nasdaq pop more than +1.0% so far.Earnings estimates have been continually trimmed in recent weeks, such that expectations were running very low as companies began to report. Hopefully, today’s action is a foreshadowing [...]
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[Source: The Money Blogs]
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