Cramer's 'Stop Trading': P&G, HP
NEW YORK (
) -- Despite a spate of good earnings reports, there is ennui in the market, Jim Cramer said during Thursday's
Stop Trading!
segment on CNBC.
As Cramer noted,
Procter & Gamble
(PG) - Get Report
announced at an investor conference on Thursday that it expects 2010 earnings in the range of $3.53 to $3.63 a share on an adjusted basis. That represents 4% to 6% growth over last year.
Regardless, the stock is up less than 1% to $63.36.
Likewise: "What does Mark Hurd have to do?" Cramer asked regarding the tepid reaction to
Hewlett-Packard's
(HPQ) - Get Report
earnings report. The computer company reported a 25% surge in fourth-quarter earnings on Thursday, boosted by cost cuts and sales of personal computers.
Yet the market just yawned on this news, Cramer said.
Chesapeake Energy
(CHK) - Get Report
also "hit it out of the park" Cramer said, when it reported a narrower fourth-quarter loss on Wednesday.
Yet the market reacted by sending the stock up only 49 cents.
"No one cares about these great earnings," Cramer said.
-- Reported by Jeanine Poggi in New York.
RELATED STORIES:
>>Cramer's 'Stop Trading': Jarden, Shaw
Follow TheStreet.com on
and become a fan on