Morning Journal--Debt, growth, interest rates and history

 News on Stocks in Our Portfolios

EOG Resources beats by $0.27, misses on revenue

·                                 EOG Resources (EOG): Q3 EPS of $2.32 beats by $0.27.

·                                 Revenue of $3.54B (+19.8% Y/Y) misses by $320M.

·                                 Shares flat.

Western Gas Partners beats by $0.11, beats on revenues

·                                 Western Gas Partners (WES): Q3 EPS of $0.53 beats by $0.11.

·                                 Revenue of $278M beats by $11.59M

Qualcomm issues mixed FQ4 results and light FQ1 guidance, shares drop

o                                                        Qualcomm (QCOM): FQ4 EPS of $1.05 misses by $0.03.

o                                                        Revenue of $6.48B (+33% Y/Y) beats by $130M.

o                                                        Expects FQ1 revenue of $6.3B-$6.9B and EPS of $1.10-$1.20, below a consensus of $6.99B and $1.29.

o                                                        Expects FY14 revenue of $26B-$27.5B and EPS of $4.95-$5.15 vs. a consensus of $27.55B and $4.93.

o                                                        Shares -4.4% 

Economics

   This Week’s Data

            The September leading economic indicators came in up 0.7%, in line.

            http://advisorperspectives.com/dshort/guest/Lance-Roberts-131106-LEI-Fed-Skew.php http://advisorperspectives.com/dshort/guest/Lance-Roberts-131106-LEI-Fed-Skew.php

            Weekly jobless claims dropped 9,000 versus forecasts of a 5,000 decline.

            The third estimate for third quarter GDP came in at +2.8% versus expectations of +2.0%; the price indicator was +1.9% versus estimates of +1.4%.

   Other

            Debt, growth, interest rates and history (medium):

            http://www.bloomberg.com/news/2013-11-05/of-debt-growth-interest-rates-and-history.html

            China admits to overcapacity (medium):

            http://www.zerohedge.com/news/2013-11-06/china-admits-it-has-overcapacity-bubble