Thursday, November 21, 2013

Morning Journal--Funding problems in China

News on Stocks in Our Portfolios

Target beats by $0.20, misses on revenues
·                                 Target (TGT): Q3 EPS of $0.84 beats by $0.20.
·                                 Revenue of $17.26B (+1.9% Y/Y) misses by $0.13B.
·                                
Cato beats by $0.03, revenues in-line
o                                                        Cato (CATO): Q3 EPS of $0.17 beats by $0.03.
o                                                        Revenue of $201.04M (+1% Y/Y) in-line.
o                                                        Comparable store sales -1%.
·                                  
·                                  
Donaldson beats by $0.03, beats on revenues
o                                                        Donaldson (DCI): FQ1 EPS of $0.42 beats by $0.03.
o                                                        Revenue of $599.38M (+2% Y/Y) beats by $0.69M.
 
Economics

   This Week’s Data

            September business inventories rose 0.6% versus expectations of +0.3%; ominously, business sales increased by only 0.2%.

            October existing home sales fell 3.2%, in line with estimates.

            Weekly jobless claims declined 21,000 versus forecasts of a drop of 4,000.

            October PPI came in at -0.2%, in line; ex food and energy, it was +0.2% versus expectations of +0.1%.

   Other

            Funding problems continue in China (medium):

Politics

  Domestic

Quote of the day (short):

            A look back at the housing crisis (medium and a very interesting read):


No comments:

Post a Comment