TheStreet’s Jim Cramer says investors were expecting nothing from Caterpillar and Apple earnings, but after the companies surprised on earnings, the stocks are trading higher. American Airlines already had high expectations and the stock was trading up ahead of the quarterly report. Cramer says in the current market, stocks that have any high expectations are getting killed, regardless of whether they beat estimates. Cramer points out ServiceNow and Celgene, both of which met expectations but are now getting crushed.
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