We are in the full swing of earnings season, and the market is sorting through companies’ reports to find clues as to the state of the economy. Our read has largely been that only those companies that have significant operations in the developing nations are showing strength, while many domestic companies are still having trouble. In other words, we think that the American economy is not out of the woods yet. Today we’ll review two Growth Portfolio picks that reported earnings yesterday: Coca-Cola (KO), a multinational powerhouse, and Apple (AAPL), a predominantly domestic company that has bucked the trend of weak consumer spending.Read more...