Stocks deserve to climb on big earnings

After blowout reports from Oracle, RIM and Accenture, stock futures should be roaring today.

By Jim Cramer Dec 17, 2010 9:43AM

more stock market commentary and investing tips from jim cramerI don't like days when futures are up huge early and then we get a total slam-down, which seems to have happened nearly every time stock futures have risen abruptly in 2010.

 

Yet today they should be up. Having just read through the conference call and post-analyst notes on Oracle (ORCL), Research In Motion (RIMM) and Accenture (ACN), I am astounded at how these companies are doing.

 

"Everyone" knew that Oracle was doing well, but the growth the company is talking about is the kind you would expect from a much younger company. I am continually surprised when I read a call like that by how many companies don't already have Oracle or database management software. Or that so many are obviously not thinking of Salesforce.com (CRM).

 

Accenture is not some small outsourcing outfit. It's the second largest, and it is seeing, really for the first time in a long time, a real pickup in spending. The numbers, which were already creeping up, were handily beaten.

(For more of an in-depth analysis of Accenture and Oracle, check ActionAlertsPlus.com).

 

Research In Motion's earnings were extraordinary if only because almost everyone I know was expecting ho hum at best, and instead it seemed, at least on the first cut, like a genuine share take and growth situation.

 

Now, RIMM is a strange animal, and it doesn't lend itself to reading the notes and listening to the call. There's always more there.

 

However, one thing is clear: The quarter is not one of those disappointing quarters that will leave everyone scratching his head and cause a run on Nasdaq ($COMPX).

If there were some big negative macroeconomic pieces of news out overnight, I could understand why individual stock news isn't causing the market to roar.

 

But the dollar is weak and the commodities are stable. Plus, the Democrats have agreed to a policy that might allow more spending cuts, causing the long bond to stabilize -- at least for a few days!

 

Yeah, if there were ever a day when futures should be roaring, it is this one.

 

But then again, futures sure have been known to be wrong in the past!

 

At the time of publication, Cramer was long Accenture and Oracle.

 

Jim Cramer is co-founder and chairman of TheStreet. He contributes daily market commentary for TheStreet's sites and serves as an adviser to the company's CEO.

 

Follow Cramer's trades for his Charitable Trust.

 

Related Articles

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

124
124 rated 1
266
266 rated 2
452
452 rated 3
702
702 rated 4
671
671 rated 5
604
604 rated 6
640
640 rated 7
495
495 rated 8
267
267 rated 9
158
158 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ABBVABBVIE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
LUVSOUTHWEST AIRLINES CO.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.