News on Stocks in Our Portfolios
PepsiCo beats by $0.07
o
Revenue of $16.91B misses
by $0.12B.
BlackRock operating
earnings up 12% as margins expand
o
AUM of $4.1T up 12% Y/Y.
Adjusted operating income of $978M up 12% Y/Y, with operating margin of 41.2%
vs. 40.7% a year ago.
o
"The current investment
environment presents a wide range of challenges for our clients. Fundamentals
continue to be outweighed by policy decisions and global growth is dictated
more by central bankers and elected officials than business leaders. This
uncertainty is keeping many investors on the sidelines."
o
Retail inflows of $8.3B brings
AUM up to $438M, with base fees of $708M. iShares inflows of $20.2B brings AUM
up to $856.9B, with base fees of $721M. The newish Core Series brought in $2B
of net inflows.
Linear Tech beats by
$0.06, beats on revenues
o
Revenue of $340.4M (+2% Y/Y) beats
by $1.14M. Shares -3.5%
Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major
retailers sown 0.7% versus the prior week but up 1.0% versus the comparable
period a year ago; Redbook Research reported month to date retail chain store
sales rose 3.2% on a year over year basis.
Weekly mortgage
applications rose 0.5%; however, purchase applications fell 5.0%.
Other
Fitch
put US
government debt on ‘rating watch negative’.
Politics
Domestic
The welfare
state in action (medium):
More on student
loans (medium):
No comments:
Post a Comment