New York Stock Exchange Update , CNNfn.

Publication: Finance Wire

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Original Source: STREET SWEEP

CHRISTINE ROMANS, CNNfn ANCHOR, STREET SWEEP: Earnings season is beginning to wind down and so far first quarter profits are up 21 percent over year ago levels. My next guest says that bodes well for stocks. We`re very pleased to be joined now by Ramu Thiagarajan of Mellon Capital Management . He says some of the most impressive reports come from companies like Gillette [Company: The Gillette Company; Ticker: G; URL: http://www.gillette.com/] , The Gap [Company: The Gap Inc.; Ticker: GPS; URL: http://www.gap.com/] , Bausch & Lomb [Company: Bausch & Lomb Incorporated; Ticker: BOL; URL: http://www.bausch.com/] . Ramu comes to us from San Francisco. Welcome to the program.

RAMU THIAGARAJAN, MELLON CAPITAL: Nice to be back, Christine.

ROMANS: You are an expert in the quality of earnings and we`ve been hearing over and over that this is the blockbuster earnings season and that earnings in the beginning were thought to be up 10 percent, then 14 percent, then 20 percent. Now you`re hearing targets of 25 percent, 26 percent earnings growth for the S&P 500....

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