AP - Defense contractor General Dynamics Corp. on Wednesday said its first-quarter profit rose 16 percent on higher sales in its private jet, information technology and military vehicle units.
WellPoint 1Q profit up 7 percent (AP)
AP - WellPoint Inc., the nation's largest health insurer, said Wednesday its first-quarter profit rose 7 percent, as revenue increased on growth in medical enrollment.
Raytheon 1Q profit climbs 21 percent (AP)
AP - Raytheon Co., the world's fifth-largest defense contractor, said Wednesday its first-quarter profit rose 21 percent on strong sales of missiles and battle operations communications systems, and improving results at an aircraft unit that it sold last month.
***Housing and consumer confidence is down. Corporate earnings up. Who will win? The bears or the bulls? I do think that at this point, Corporate America is showing great shape. As soon as the profit reports are turned in, investors are going to weigh them. There will come a point when - as corporate reports are not turned in anymore, negative news will still persist on other economy concerns. At that point, and considering the blazing trail of the Dow, then, it will have to correct and move down. At about the end of the quarter, investors will await for the new profit reports. If they turn out well, then the slowdown will not happen. If not, then we may have to succumb to a dawning of a bearish market.
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