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Cramer: Mixed Is the Only Way to Approach These Earnings
Posted at 7:52 a.m. EDT on Thursday, Oct. 27, 2016
Every day a new judgment. Every day a strange set of data.
I've come to realize this is a decidedly mixed set of numbers. The entire combination, the entire pastiche of earnings, can only be viewed as mixed.
Last night was typical. Go on the Western Digital (WDC) call. You will hear that personal computers are doing extremely well. You will hear that some of its product lines are sold out. Strong demand for drives and flash. It's incredible how good things are there.
Same with Texas Instruments (TXN) , where industrial demand and auto demand are extremely strong, so strong that the company is brimming with cash, hence its decision to take the dividend to $0.50 from $0.38.
But then again when I spoke to Norfolk Southern (NSC) last night, I didn't get a good feel for industrial demand at all. Auto down 4%. Paper and forest (housing) down 6%. Chems down 10%.