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Is Earnings Season Telling You ‘Get Long’?
17 Apr 2012 EDT - CNBC.com
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On Tuesday, investors were again trying to determine if stock market momentum was to the upside after a slew of new catalysts gave bulls every reason to run.Looking at earnings, there seemed to be 3 good reasons to get long.Coca-Cola, Goldman Sachs and Johnson & Johnson all posted profits that beat analyst forecasts and lifted expectation for earnings in general. In fact, of the 39 S&P 500 companies reporting earnings so far, 74.4 percent have beat analyst expectations, according to Thomson Reuters data.Also the latest headlines out of Europe seemed to say 'buy'.Better-than-expected results from Spanish 12-month and 18 month bill sales pushed yields on Spain's 10-year bond below 6 percent, suggesting the market had grown more comfortable with the nation’s financial woes.Now what do you do?

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