Whenever a stock goes up and wall street cheers an earnings report that raises a basket full of questions it has to make you wonder.
The latest example is the 2Q earningsfrom General Motors.
While earnings plunged 41% compared to 2Q of last year, the profit of 90 cents a share easily beat the street. More importantly, GM's losses in Europe ($361 million) was less than the $440 loss forecasted by analysts.
That lower than expected loss is a primary reason some analysts are reiterating buy ratings on GM shares that have been pummeled in the last three months.
So is the glass half full for GM? Or is it half empty?