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To: The Reaper who wrote (261893)	7/18/2010 3:45:34 PM
From: Skeeter Bug	Respond to of 306849

tejek only knows what he's told to know. no spoon, no feed. Obama Pays More Than Buffett as U.S. Risks AAA Rating (Update3) bloomberg.com i'm sure tejek thinks destroying america's AAA rating is good for america. hi, i'm tejek and we can run $1.5 trillion deficits forever, just like greece ran their deficits forever!

To: The Reaper who wrote (261893)	7/18/2010 5:03:10 PM
From: tejek	Read Replies (3) \| Respond to of 306849

GE: After a two-year decline, GE recovers its profit growth C: There were several positives in the quarter–credit continues to improve, run off of Citi Holdings was more than expected (including a $14b decline in the Special Asset pool), the decline in net interest income (of 3-4%) was less than the declines at [Bank of America and J.P. Morgan Chase], and was weak but in line with expectations and slightly better than at [Bank of America and J.P. Morgan Chase]. BAC: BofA Sees Improving Credit Conditions JPM: Analysts at Keefe, Bruyette & Woods said Friday that it raised its outlook on J.P. Morgan Chase & Co.'s /quotes/comstock/13!jpm/quotes/nls/jpm (JPM 39.00, -1.46, -3.61%) 2010 earnings a day after the big bank posted better-than-expected second-quarter results. The research firm boosted the bank's earnings estimate for the year to $3.69 a share from $2.97 a share, citing expectations for lower near-term credit costs. KBW maintained its outperform rating on the bank, with a target price of $57 a share. Separately, analysts at FBR Capital Markets reiterated their outperform rating and $45 target price for J.P. Morgan. AA and CSX - revenues grew but stocks are down 6 and 4% respectively since before their earnings announcements so make of that what you will.* Markets were oversold when all these companies announced their earnings...even INTC, the stock, did nothing after they announced their good report. Sell the news is a market perogative....it happens all the time. Nonetheless, there was very good news from both AA and CSX: AAAlcoa's Beat Boosts Metals Stocks, Especially Steel AARevenue at the aluminum producer surged 22%, to $5.2 billion. Results came in just ahead of Wall Street estimates, but Alcoa jumped higher on its forecast.The company hiked its aluminum demand growth outlook to an increase of 12% this year, vs. a prior forecast of 10% growth in aluminum demand. CSX: CSX sees further gains from economic recovery CSX: Railroad company CSX Corp (CSX.N) expects to build on its better-than-expected second-quarter profit with good gains in the current quarter, as the economic recovery gains momentum, company officials said on Tuesday. And banks were on death's door a year ago. In fact, many small banks have failed over the past year. The fact that companies can talk about profits this year is nothing short of amazing. Thank you, Mr. Obama, Mr. Bernanke and Congress!