Global stocks: Gilead delivers

The biopharmaceutical company has shown why it should be in any serious international investor’s portfolio, while FireEye, Cummins and Pfizer have reported in line or better-than-expected results.

Of the 400 or so companies in the S&P500 index that have reported earnings to date for the first quarter of 2015, over 70 per cent have reported earnings above the mean estimate and 46 per cent have reported sales above the mean estimate. Currency has been a factor here.

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