NEW YORK (TheStreet) -- Who needs nuance when there is earnings news to report and tables to bang? Apparently not the media, including Forbes. In reporting on General Motors' (GM) complex and nuanced earnings, many went the simplistically positive route. Cue a Forbes headline:
"GM Reports Strong Q1 Earnings"
And their lead:"General Motors has parlayed higher vehicle prices and lower costs into better-than-expected earnings in the first quarter." Forbes went on to showcase strong prices and the extent of the earnings beat, but did not bother to mention a single negative. Not one. Unfortunately, there were -- amid the favorable prices and earnings beat -- plenty of negatives. Barron's captured the balance and complexity of the results, right from the lead: "General Motors is falling about 2% this morning after beating analysts' earnings estimates as the company posted strong U.S. profits but reported a loss in Europe and market share losses worldwide." Amebas are one-celled organisms, but car companies are complex animals, especially in our congenitally uneven economy. If you don't see nuanced good and bad in car company earnings reports, they may drive the level of your understanding of the auto industry and international economy straight into a ditch.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV