If you're feeling good about the market, you're not alone. Take my hand as we go over some of this week's more uplifting headlines.
1. Keep your GeoEye on the shadow
The view is pretty good from the sky in assessing GeoEye's
Revenue soared 78% higher to $80.4 million. The only worry is that U.S. government contracts accounted for just over two-thirds of GeoEye's revenue. Obviously, plenty of companies are carving out cozy livings as government contractors, though the impact of budget crunches in the future will hang over the company like, well, a satellite.
2. Giving the microchips some credit
The outlook is a little cheerier for Advanced Micro Devices
AMD's improving finances led to the upgrade, though this isn't simply about giving the company access to cheaper credit if it needs to go down that particular road. The upgrade also validates the company's staying power, and that should make it a better partner for the computer makers relying on its microprocessors.
3. Going for the play in display
Sure, we're talking about a mere $4.2 million in revenue during the three months, but there are plenty of encouraging signs that show energy-efficient OLED technology taking off. It's being incorporated into some of the hottest smartphone handsets and portable MP3 players. It remains to be seen how much Universal Display can rake in as the platform grows in popularity, but at least its display heart is in the right place.
4. Palace in wonderland
There are still challenges at Disney. Operating profits at ABC fell during the period, in contrast to quarterly network gains at CBS
However, being a colossal media company is all about juggling priorities and touching up the inevitable blemishes. It was a good quarter for Disney, even if it wasn't a perfect one.
5. It's a McWinner
Well, the recession is lifting, and folks are still wolfing down Big Macs and washing them down with chocolate milkshakes. McDonald's came through with a 3.8% spike in domestic comps last month, checking in with even higher store-level results overseas.
Mickey D's barbell pricing approach of offsetting dollar-menu bargains with higher-end fare including premium chicken breast sandwiches and its recent push into iced lattes and other fancy McCafe beverages is paying off.
Walt Disney is a Motley Fool Inside Value pick and a Motley Fool Stock Advisor selection. GeoEye and Universal Display are Motley Fool Rule Breakers choices. Try any of our Foolish newsletter services free for 30 days.
Longtime Fool contributor Rick Munarriz is an optimist at every turn. He owns shares of Disney and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.