Massocca: Earnings Already Are Old ...
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More companies such as Apple, McDonald's and Boeing report stronger than expected earnings, but Wall Street is shrugging its shoulders. Stephen Massocca, managing director with Wedbush Equity Management, says he knows why. "The market looks forward to what the next event might be, and it's certainly not the earnings because it's already been discounted." Massocca tells Andrew O'Day the rally from strong first quarter earnings already happened over the past seven weeks, as investors correctly bet bottom lines would be impressive.


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