NEW YORK (
) -- Despite a spate of good earnings reports, there is ennui in the market, Jim Cramer said during Thursday's
segment on CNBC.
As Cramer noted,
Procter & Gamble
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
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.
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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