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Tuesday, October 20, 2009
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By Jeff Clark in Growth Stock Wire:

There's an interesting twist to the earnings dance this quarter.

It used to be when companies like Intel, J.P. Morgan, Alcoa, and Goldman Sachs blew away their numbers, the stocks would gap higher and never look back. But something has changed...

The companies are beating their earnings estimates by a wide margin. And, yes, the stocks are gapping higher following the announcements. But the gains are wilting like lilac petals in the rain.

Is this reaction just modest profit-taking after vertical runs higher for the stocks? You know... the old "sell on the news" phenomenon? Or is it something more?

Read full article...

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Topics: Jeff Clark | Stocks
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