Morning Journal--the Obamacare nightmare

News on Stocks in Our Portfolios

Nu Skin beats by $0.37, beats on revenues

·                                 Nu Skin (NUS): Q3 EPS of $1.80 beats by $0.37.

·                                 Revenue of $927.6M (+76% Y/Y) beats by $121.41M.

|7 Kimberly-Clark beats by $0.04, beats on revenues

·                                 Kimberly-Clark (KMB): Q3 EPS of $1.44 beats by $0.04.

·                                 Revenue of $5.26B (+0.3% Y/Y) beats by $0.03B.

 |

Sigma-Aldrich beats by $0.05, beats on revenues

·                                 Sigma-Aldrich (SIAL): Q3 EPS of $1.05 beats by $0.05.

·                                 Revenue of $664M beats by $2.71M.

 |7:21 
Coach beats by $0.01, misses on revenues

o                                                        Coach (COH): FQ1 EPS of $0.77 beats by $0.01.

o                                                        Revenue of $1.15B misses by $0.04B.

|7:03 AM

United Technologies beats by $0.09, misses on revenues

• United Technologies (UTX): Q3 EPS of $1.63 beats by $0.09.
• Revenue of $15.5B (+3% Y/Y) misses by $0.68B.

|7:01 AM|

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Illinois Tool beats by $0.07, misses on revenues

·                                 Illinois Tool (ITW): Q3 EPS of $0.99 beats by $0.07.

·                                 Revenue of $3.57B misses by $0.02B.

 |5:34 AM|

McDonald's beats by $0.01

o                                                        McDonald's (MCD): Q3 EPS of $1.52 beats by $0.01.

o                                                        Revenue of $7.32B (+2% Y/Y) misses by $0.02B.

o                                                        Comparable store +0.9%.

|7:59 AM

Economics

   This Week’s Data

            September existing home sales declined 1.8% versus forecasts of drop of 3.2%.

            http://www.calculatedriskblog.com/2013/10/comments-on-existing-home-sales.html

            September nonfarm payrolls were up 148,000 versus expectations of up 185,000; however, August was revised up by 24,000---so the two numbers were basically a wash.

   Other

            The economy looks good, the shutdown/debt ceiling fiasco aside (medium):

            http://www.weeklystandard.com/blogs/economic-outlook-looks-good-politics-aside_763708.html

            Update on the Greek economy (medium):

            http://www.zerohedge.com/news/2013-10-22/plunging-greek-wages-crater-q2-disposable-income-93-government-borrowing-rises-recor

Politics

  Domestic

The Obamacare nightmare (medium):

http://scottgrannis.blogspot.com/2013/10/the-obamacare-nightmare-update.html

  International War Against Radical Islam

            Petro dollars at work (medium):

            http://www.zerohedge.com/news/2013-10-21/guest-post-might-petro-dollars-work-once-again

            As well as Saudi head of intelligence (medium):

                        http://www.zerohedge.com/news/2013-10-22/lack-syrian-aggression-will-not-stand-man-saudis-bandar-bin-sultan-furious-us