Stocks Pop, Nasdaq Hits Record Intraday High, Earnings: IBM, Coca-Cola, eBay Adevinta Deal

Published: July 21, 2020, 2:14 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber discuss the surge in the major averages, getting a boost from the morning\\u2019s earnings movers.\\xa0IBM reporting better-than-expected second-quarter earnings.\\xa0Shares of Coca-Cola moving higher after announcing its profit fell 33% in the second quarter, but expressed optimism on over demand as lockdown measurers are lifted.\\xa0Plus, David\\u2019s exclusive reporting on eBay agreeing to sell its classified-ads business to Adevinta for $9.2 billion in cash and stock.\\xa0Breaking news out of Washington as House Speaker Pelosi says she wants to see a stimulus bill by the \\u201cend of next week.\\u201d'