News on Stocks in Our Portfolios
General Dynamics (GD):
Q4 EPS of $1.39 misses by $0.5. Revenue of $8.1B
misses by $0.7B.
McDonald's (MCD):
Q4 EPS of $1.38 beats by $0.04. Revenue of
$6.95B (+2% Y/Y) beats by $0.06B.
Abbott Labs (ABT):
Q4 EPS of $1.51 beats by $0.01. Revenue of
$10.84B beats by $0.26B.
Coach (COH): FQ2
EPS of $1.23 misses by $0.06. Revenue of $1.5B
(+4% Y/Y) misses by $0.1B.
United Tech (UTX): Q4 EPS of $1.04
beats by $0.01. Revenue of $16.4B (+14% Y/Y) misses by $0.24B.
Canadian National Railway (CNI): Q4 EPS of
C$1.41 in-line. Revenue of C$2.53BB in-line.
Economics
This Week’s Data
Weekly
mortgage applications were up 7.0% while purchase applications were up 3.0%.
The
International Council of Shopping Centers reported weekly sales of major
retailers fell 1.5% versus the prior week but rose 3.2% versus the comparable
period last year; Redbook Research reported month to date retail chain store
sales flat versus the similar timeframe a month ago an up 1.8% on a year over
year basis.
Weekly
jobless claims fell 5,000 versus estimates of a 25,000 rise.
Other
The
payroll tax and consumer sentiment (short):
The
distortions in inflation adjusted mathematics (medium):
Andy
Xie on monetary policy (medium):
A
snippet from the 2007 Fed minutes (medium):
The
IMF cuts global growth outlook for 2013 (medium):
Politics
Domestic
The decimation
of our education system (medium):
Why there are no
banksters in jail (medium):
Wow, that didn’t
take long. The guy in the previous link
is now unemployed (medium):
International
Is
the Chinese economy really improving (medium):
More
big bank shenanigans (short):
On
a day when Secretary Clinton is trying to defend the disaster in Benghazi,
Russia points out that the Mali al Qaeda rebels are using the arms the US gave
Libyan ‘freedom fighters’ (short):
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