Cramer's 'Stop Trading': P&G, HP - TheStreet

Cramer's 'Stop Trading': P&G, HP

Jim Cramer says there are too many bears in the market -- and notes that strong earnings reports from Procter & Gamble, Hewlett Packard and Chesapeake Energy are being ignored by the market.
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NEW YORK (

TheStreet

) -- 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.

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