Have Great Earnings Been Overlooked?

Many companies have reported great earnings recently, yet Cramer thinks the market has hardly reflected this.

Take Hewlett Packard. The company raised numbers, beat the estimates and “clobbered” everyone.

“That should be a sit-up and take notice situation,” Cramer said, but it wasn’t.

Procter & Gamble is talking up a 4.6 % long-term growth, sitting on a ton of cash and buy back is coming. Yet, again, the stock underperformed.

Also, Cramer said, another example is Chesapeake Energy. The company "hit the ball out of the park" on Tuesday, but what happened? CHK only went up 49 cents.

The bottom line: Cramer thinks “no one seems to care about these [earnings’ reports].”

Cramer's charitable trust owns Procter and Gamble.

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