We are in the thick of first quarter corporate earnings reports and most look very good. Major banks have been making money (for a change), tech companies like IBM and Intel and industrials like Eaton are all reporting higher profits. That is all good news to investors' ears, but nothing rings as sweet as the higher earnings from America's sweet tooth: today Hershey reported that profits doubled in the latest quarter and sales are expected to surge throughout the year. Doubly good news for our economy and for lovers of Reese's Peanut Butter Cups, Kisses, Kit Kats, and Twizzlers.
Recession - receding. Recovery - rolling. Sweet!
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).