News on Stocks in Our Portfolios
Sonoco
Products (SON): Q4 EPS of $0.56 beats by $0.02. Revenue of $1.18B (+4% Y/Y) in-line
Lorillard
(LO):
Q4 EPS of $0.79 beats by $0.03. Revenue of
$1.70B (+5.3% Y/Y) beats by $0.54B.
Economics
This Week’s Data
January
retail sales rose 0.1%, in line with forecast; ex autos, they increased 0.2%
also as anticipated.
Weekly
jobless claims fell 27,000 versus estimates of a decrease of 8,000.
December
business inventories were up 0.1% versus expectations of up 0.3%; sales were up
slightly more than inventories.
Other
Financial
conditions continue to improve (short):
Oil
and economic growth (medium):
Leverage at its highest
level since 2007 (medium):
Politics
Domestic
The fallacy of
Obama’s minimum wage narrative (medium):
Politicians
in general are raving hypocrites; but Obama sets a new standard (medium):
Scorecard
on our education system (short):
More
on overreaching government power (short):
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