Wednesday, August 21, 2013

Morning Journal--More on the student loan crisis

News on Stocks in Our Portfolios
Target beats by $0.23, misses on revenues
·                                 Target (TGT): Q2 EPS of $1.19 beats by $0.23.
·                                 Revenue of $17.12B misses by $0.14B. (PR)

Caterpillar global retail sales of machines -9% in May-July
·                                 Caterpillar's (CAT -0.5%) world retail sales of machines -9% Y/Y in three months to July vs -8% in three months to June, with AsiaPacific -28% in May-July, North America -1%, EMEA -12%, Latin America +11%.
·                                 Power Systems sales flat in July period vs +1% in June period; electric power +5%, industrial +9%, transport +22%, petroleum -15%. (8-K)


   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers down 1.9% versus the prior week but up 2.2% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 0.2% versus the prior month and 3.4% on a year over year basis.

            Weekly mortgage applications fell 4.6%, though purchase applications inched up 1.0%.


            More on the student loan crisis (medium):

            Inflation and how is it calculated (medium):


Obamacare effects (medium):

            Krauthammer on legislation by executive order (medium):

  International War Against Radical Islam

            Misjudging al Qaeda (medium):
            Kerry clears Benghazi scapegoats (short):
                        The price of idealism in Egypt (medium):
            ***over night, a poison gas attack in Syria (medium):

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