The following is an excerpt from VITO J. RACANELLI | April 28, 2012 | Barrons.com |
The “Teflon” market continues to rise, as investors ignore bad news in favor of good. Nine stocks that could pay special dividends, including Limited Brands, Carnival and HCA.
Stocks scored big gains last week, up about 2%, as strong first-quarter earnings took center stage and recurring European sovereign-debt worries moved back into the wings. With smaller-cap shares beating large-caps, the risk-on trade resurfaced, at least for the week.
Big quarterly profit numbers from Apple (ticker: AAPL), out midweek, helped start the festivities, which were then solidified by Amazon.com’s (AMZN) results on Friday. In general, corporate profit reports have been better than broad U.S. economic data has been of late. Eventually, the market will need them to be back in sync, however, for the gains to continue, …
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