McDonold’s (MCD) and American Express (AXP) Lead Stocks Higher

The Dow achieves it’s seventh straight day of gains despite mixed earnings reports push stocks higher. The biggest movers on the day were McDonald’s (MCD), after a reported increase in January sales, and American Express (AXP), who reported few delinquencies amidst higher consumer credit card use in January. Investor confidence seems to be rising with the market, causing analysts to predict a temporary fall back followed by a strong bull trend in the spring.

Word on the Street

• Stocks continue their bullish trend on solid earnings reports.
• Four ex-SAC employees are charged with insider trading, the second such scandal on Wall Street in the last few months.
• A natural gas explosion in Texas at a plant owned by Exxon Mobil (XOM) is said to cause limited damage.
• NASA rules Toyota’s (TM) electronics system is not at fault for previous braking issues.
• AOL’s (AOL) corporate shift has led to a series of large acquisitions over the past two years.
• Groupon’s controversial Super Bowl ad has irked many consumers with potentially long lasting effects.
• Las Vegas Sands (LVS) reports booming earnings, but misses expectations, as the casino operator appears to have a bright future in the Asian market.

Interesting Tidbits

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