Put Honeywell (HON) in the camp of Boeing (BA), a quarter that was much better than expected. The buyback will be there endlessly. United Technologies (UTX) was amazingly strong; I just don't think the domestic economy can contain it.

Corning (GLW) had an excellent quarter. People are dead wrong to sell it. Plus, when it can mass-produce the diesel engine and the fiber that can bend products -- should be all next year -- the stock will explode upward.

The Schlumberger (SLB) quarter remains the best of the majors that I saw, as the business is on fire and has little exposure to the U.S.

Exxon's (XOM) quarter was good; it just needs to drill more. Conoco's (COP) was much better and deserves to be higher.

The homebuilder quarters were all horrible except for M.D.C. Holdings (MDC).

General Electric's (GE) quarter is looking better and better as an infrastructure play, as its orders were bigger than almost anyone's except ABB (ABB).

Crocs (CROX) had an amazing quarter with a level of momentum unseen in most equities.

Caterpillar (CAT) wasn't bad at all and has the possibility to surprise to the upside next quarter.