Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Killer Earnings Propel Dow

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

People call corporate America a lot of things. Depending on who you're talking to and when you're talking to them, big businesses are job creators or the core reason jobs are going overseas; a boon or a burden to society; skilled capitalists offering a better quality of life or greedy hordes of Gordon Gekkos swindling the average man.

Either way, corporate America is undeniably one thing: profitable. For the fifth time in as many days, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) advanced on Friday, spurred by impressive results from major companies. The Dow rose 70 points, or 0.51%, to close the week at 13,895.

Results from consumer goods giant Procter & Gamble (NYSE: PG  ) helped drive this blue-chip advance. Not typically known for large intraday swings in its stock price, P&G added 4% Friday after the company more than doubled quarterly profits, raised earnings forecasts, and improved margins. Elated investors bid up the stock, hopeful that the surge in the generally low-growth business indicates a more secular pickup in the macroeconomy. 

On the other end of the spectrum today, Caterpillar (NYSE: CAT  ) lost 1.1% ahead of its own earnings announcement next week. One reason for the decline may be due to revelations of "accounting misconduct" from a Chinese manufacturer of mine roofs it acquired last June. For everyone's sake, I hope the manufacturer's product is better than its math. 

Another household name, Starbucks (NASDAQ: SBUX  ) , reported outsized growth on Friday, and investors rushed to buy the stock after hearing the news. Not only does caffeine remain addictive, but so does Starbucks, apparently -- comparable-store sales growth, margin expansion, and high-growth goals amounted to a triple shot of Wall Street exuberance, fueling today's 4.1% surge. 

Finally, energy giant Halliburton (NYSE: HAL  ) reported record quarterly revenue and strong international results, and shares rallied more than 5% in response. While company margins contracted, promising activity in Asia boosted the stock, as earnings surpassed expectations. Latin America and the Middle East also look like areas of excitement for the oil magnate moving forward. 

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2217073, ~/Articles/ArticleHandler.aspx, 5/28/2016 6:06:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 17,873.22 44.93 0.25%
S&P 500 2,099.06 8.96 0.43%
NASD 4,933.51 31.74 0.65%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/27/2016 4:00 PM
CAT $71.96 Down -0.12 -0.17%
Caterpillar, Inc. CAPS Rating: ***
HAL $42.58 Up +0.12 +0.28%
Halliburton CAPS Rating: ****
PG $81.43 Up +0.21 +0.26%
Procter & Gamble CAPS Rating: ****
SBUX $55.15 Down -0.14 -0.25%
Starbucks CAPS Rating: ****