Thursday, November 6, 2014

Morning Journal--Soros on the threat from Russia

News on Stocks in Our Portfolios
·         CF Industries (NYSE:CF): Q3 EPS of $2.62 misses by $0.85.
·         Revenue of $921.4M (-16.2% Y/Y) misses by $10.98M.
·         Qualcomm (NASDAQ:QCOM): FQ4 EPS of $1.26 misses by $0.05.
·         Revenue of $6.69B (+3% Y/Y) misses by $330M.
·         Expects FQ1 revenue of $6.6B-$7.2B and EPS of $1.18-$1.30, below a consensus of $7.39B and $1.43.
·         Expects FY15 revenue of $26.8B-$28.8B and EPS of $5.05-$5.35, below a consensus of $28.9B and $5.58.
·         236M FQ4 MSM chip shipments, in-line with guidance of 230M-245M. 250M-270M shipments expected in FQ1.
 
Economics

   This Week’s Data

            The October ISM nonmanufacturing index was reported at 57.1 versus expectations of 58.0.

                Weekly jobless claims fell 10,000 versus estimates of down 4,000.

            Third quarter nonfarm productivity rose 2.0% versus forecasts of +1.5%; unit labor costs increased 0.3% versus forecasts of up 0.8%.

   Other

Politics

  Domestic

Thursday morning humor (4 minute video):

More humor (4 minute video):

  International

            George Soros on the threat to the EU from Russia (medium):

                        Spain prepares for this weekend’s secession vote in Catalonia (medium):

                        Canary in the coal mine for Chinese economy? (medium):


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