News on Stocks in Our Portfolios courtesy of
Seeking Alpha
Genuine Parts (GPC):
Q4 EPS of $1.03 beats by $0.10. Revenue of
$3.12B (+3.5% Y/Y) misses by $70M.
Medtronic (MDT):
FQ3 EPS of $0.93 beats by $0.02. Revenue of
$4.03B (+3% Y/Y) in-line.
Economics
This Week’s Data
Weekly
mortgage applications fell 1.7% while purchase applications dropped 2.0%.
January
housing starts fell 8.5% versus expectations of a 4.3% decline.
The
January producer price index rose 0.2% versus estimates of + 0.3%; ex food and
energy, it was up 0.2% in line with forecasts.
Other
When
government policy results in inefficient markets (medium):
The
unintended consequences of currency devaluation (short):
Politics
Domestic
More on the poor
economic, social policy of student loans (3 minute video):
And colleges
with the highest student loan default rate (medium):
On the real
success of pre-school education funding (medium):
Guns and
pensions (medium):
Mark Steyn on
the SOTU (medium):
International War Against Radical Islam
Will
the trouble in Mali Nigeria
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