News on Stocks in Our Portfolios
W.W. Grainger (GWW):
Q4 EPS of $2.42 misses by $0.19. Revenue of
$2.2B (+7% Y/Y) misses by $0.04B.
3M (MMM): Q4
EPS of $1.41 in-line. Revenue of $7.4B (+4.2% Y/Y) beats
by $0.22B.
Quality
Systems (QSII): FQ3 EPS of $0.26 misses by $0.03. Revenue of $114.5M (+2% Y/Y) misses by $4.83M.
Apple (AAPL):
FQ1 EPS of $13.81 beats by $0.37. Revenue of
$54.51B (+18% Y/Y) misses by $220M. 47.8M
iPhones, 22.9M iPads, 4.1M Macs, 12.7M iPods. Expects FQ2 revenue of $41B-$43B,
below $45.6B consensus.
Altera (ALTR):
Q4 EPS of $0.37 misses by $0.02. Revenue of
$439.4M (-4% Y/Y) misses by $11.33M.
Economics
This Week’s Data
The
December leading economic indicators rose 0.5% versus forecasts of an increase
of 0.4%.
The
January Kansas City Fed manufacturing index came in at -2 versus expectations
of +2
Other
More
evidence of improvement in the housing sector (medium):
A
great post on the difference between money and wealth (medium):
The
seasonal pattern in the macro economic data (medium):
The
myth of the stagnant middle class (medium):
Politics
Domestic
The latest
Gallop Poll on American attitudes (short and a must read):
The above could
actually be good news in the sense that if the citizenry is really as downbeat
as the poll shows, it could spell changes in the 2014 election a la Charles
Krauthammer’s thesis (linked to in last week’s Closing Bell).
The latest on
Obamacare (short/medium):
International
***overnight,
EU PMI was better than expected plus EU
banks repaid a larger amount of ECB loans than anticipated.
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