Let's look at a summary of all the latest reports
Driven by global demand, McDonald’s registers first-quarter profit growth of 11%, topping $1 billion (Wow, McDonald's is actually reaping alot of money!!!)
Abbott's profit declines due to a hefty accounting gain the company reported in the 2009 quarter. (Nonetheless, it is making a lot of revenues from all the drugs and equipments it is selling!)
Morgan Stanley swings back into the black, posting a first-quarter profit of $1.4 billion underscoring a recovery in activity in the capital markets. (Woah, the capital banks are back on their feet)
Yahoo nearly triples its first-quarter profit, topping Wall Street estimates, but sales -- and shares -- don't follow that lead (Even Yahoo? The super-lousy search engine is making money?)
German car maker Volkswagen AG reports a 95% surge in first-quarter profit (That's huge given the scale of the automobile saga recently)
Retailers trade higher; Coach doubles dividend (It seems that people are beginning to shop already)
Coca-Cola's first-quarter net earnings rise 20% as the soft-drink giant makes gains in market share (Its recent investment on the bottling industry is not hurting it much)
Apple Inc said Tuesday that profit rose 90% in its fiscal second quarter as it sold almost 9 million iPhones (As usual, Apple's profits is surging like nobody's business)
Of course there are downsides to the economy recovery such as the automobile saga, the volcanic ashes across Europe that is hurting the convalescence airline industry, Google's breach of privacy and of course, the infamous Goldman Sachs' fraud!
For now, let's just enjoy the good news first okay? Considering that we are finally getting out of all this bullshit for once.
Credits -marketwatch, -thebaglady, -audinorwich, -technabob
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