Courtesy of our friends over at The Rational Capitalist Speculator, here is this weeks recap of all the bullish and bearish goodies you should really be paying attention to!
+ Earnings reports are coming in and have been encouraging thus far. Google shines blowing past Wall Street’s expectations on higher online advertising demand. Citigroup reports much better than expected earnings on improved investment-banking performance as did JP Morgan. Mattel’s results also make the case for a strong corporate picture. Improved corporate guidance over the second half of the year, coupled with low valuations of 12-13x using 2011 earnings will stoke investor enthusiasm in the second half of the year. (I do not own nor am I shorting any of these companies).