U.S. stocks moved higher in midday trading Tuesday on Wall Street as several major companies reported solid second quarter earnings.
Coca-Cola soared after beating Wall Street's second quarter profit forecasts. The surprisingly good results helped lift other consumer product makers. Kraft Heinz rose 2.2% and Kellogg rose 1.9% ANALYST'S TAKE: Corporate earnings remain the key focus for investors. Overall, companies are on track for a retreat in profit that would mark the second consecutive earnings slowdown.
STOCK POP: Coca-Cola rose 5.9% after the beverage company raised its revenue forecast for the year following a solid second quarter. The company reported 3% growth in sales of its namesake soft drinks and it has been expanding into energy drinks and coffee.
One of these companies just switched the manufacturer of a prescription I take to another manufacturer that is cheaper. I am having effects of this switch!
Well no shit.. You don't pay taxes, you take in more money.. It won't trickle down, never has and never will.. Wealth gap is increasing and middle/low income people paying more to put food on the table. Congratulations rich people! We'll start preparing for your bubble to burst.
I see the exploitation of workers is very profitable
K11Marc Loving that stock market!
America is winning with real leadership! MAGA AmericaFirst KAG
Well when they don’t pay taxes...
The president is racist, but who cares? Billionaires are getting wealthier! Yaaaaaay!
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La source: WSJ - 🏆 98. / 63 Lire la suite »
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