Morning Journal--Fisker, immigration and Thursday morning humor

News on Stocks in Our Portfolios

T. Rowe Price (TROW): Q1 EPS of $0.91 beats by $0.02. Net Revenue of $815.7M misses by $1.23M

 
Boeing (BA): Q1 EPS of $1.73 beats by $0.26. Revenue of $18.9B (-3% Y/Y) misses by $0.3B

Lorillard (LO): Q1 EPS of $0.66 beats by $0.02. Revenue of $1.57B (+3.3% Y/Y) beats by $0.46B.

General Dynamics (GD): Q1 EPS of $1.62 beats by $0.12. Revenue of $7.4B misses by $0.18B. 

Procter & Gamble (PG): FQ3 EPS of $0.99 beats by $0.03. Revenue of $20.6B (+2% Y/Y) misses by $0.14B.

C.R. Bard (BCR): Q1 EPS of $1.44 beats by $0.02. Revenue of $740.3M (+1% Y/Y) beats by $11.85M.

AT&T (T): Q1 EPS of $0.64 in-line. Revenue of $31.40B (-1% Y/Y) misses by $340M.

Economics

   This Week’s Data

            Weekly jobless claims fell 16,000 versus expectations of a 2,000 decline.

   Other

            Thursday morning humor (7 minute video):

            http://www.ritholtz.com/blog/2013/04/colbert-demolishes-reinhart-rogoff/

            Truck tonnage continues to rise (short):

            http://scottgrannis.blogspot.com/2013/04/truck-tonnage-up-4-in-past-year.html

            The reverse Robin Hood recovery (medium):

            http://www.thereformedbroker.com/2013/04/24/the-reverse-robin-hood-recovery/

            Russell Investments on the state of the economy (short):

            http://www.ritholtz.com/blog/2013/04/whats-the-state-of-the-economy-4/

            The Bloomberg business surprise index (short):

            http://www.zerohedge.com/news/2013-04-24/us-business-cycle-index-plunges-most-22-months

Politics

  Domestic

Another government misallocation of capital (your’s and mine), aided and abetted by the Fed which is printing all those dollars (and buying treasuries) that finance it. (medium):

http://www.zerohedge.com/news/2013-04-24/fisker-new-solyndra-obama-kept-pumping-taxpayer-cash-company-was-failing

Thomas Sowell on immigration (medium):

http://townhall.com/columnists/thomassowell/2013/04/24/immigration-gambles-n1576137

  International

            The growing Japanese/Chinese animosity (medium):

            http://www.zerohedge.com/news/2013-04-24/chinas-rising-hatred-japanese-and-why-boj-just-doesnt-get-it