Morning Journal--Doug Kass on tax reform

News on Stocks in Our Portfolios

PepsiCo (PEP): FQ3 EPS of $1.09 beats by $0.03. Revenue of $19.95B (-1% Y/Y) beats by $0.3B.

EOG Resources (EOG): Q4 EPS of $1.61 beats by $0.26. Revenue of $3.01B (+9% Y/Y) beats by $130M.

 

Economics

   This Week’s Data

            The NY Fed February manufacturing index came in at 10.04 versus expectations of -1.75.

   Other

            The commercial real estate market continues to improve (short):

            http://scottgrannis.blogspot.com/2013/02/commercial-real-estate-recovery-is-very.html

            The ugly math of pensions.  Be afraid, be very afraid. (medium):

            http://advisorperspectives.com/commentaries/millennium_021413.php

Politics

  Domestic

Doug Kass on tax reform (medium):

http://www.thestreet.com/story/11840828/1/kass-addressing-the-fiscal-cliff.html?kval=dontmiss

  International

            EU GDP trend (short):

            http://www.businessinsider.com/eurozone-below-trend-gdp-growth-2013-2

            How the whole ‘green’ energy play is working out in Euroland (medium):

            http://www.zerohedge.com/news/2013-02-14/germany-spain-set-pull-plug-green-energy

http://www.zerohedge.com/news/2013-02-14/germany-spain-set-pull-plug-green-energy