Some big companies are quieting their critics (for now) this earnings season.
Action Alerts PLUS holding Alphabet (GOOGL) smashed analyst profit forecasts amid strength in all areas of the business. The quarter marked 12 straight quarters of organic revenue growth above 20%. The numbers silenced a Wall Street worried about Alphabet's expense growth.
Meanwhile, Harley-Davidson (HOG) scored a modest win against Trump's Twitter stream. The storied motorcycle maker managed to beat analyst profit estimates by 11 cents. While the second quarter was challenging, the results could have been far worse.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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