Morning Journal--What Uncle Sam got you for Christmas

News on Stocks in Our Portfolios

 
Accenture beats by $0.05, beats on revenues

·                                 Accenture (ACN): FQ1 EPS of $1.15 beats by $0.05.

·                                 Revenue of $7.4B beats by $0.15B.

 |7:05 A
Oracle beats by $0.02, beats on revenues

o                                                        Oracle (ORCL): FQ2 EPS of $0.69 beats by $0.02.

o                                                        Revenue of $9.3B (+2% Y/Y) beats by $0.11B. Shares +2.3% 

 |4:06 PM|

      Paychex (PAYX): FQ2 EPS of $0.43 beats by $0.01.

o                                                        Revenue of $610.5M (+7% Y/Y) beats by $11.61M.

 |4:02

Economics

   This Week’s Data

            Weekly jobless claims rose 10,000 versus expectations of a 31,000 decline.

   Other

            Another soft patch ahead (short):

            http://blog.yardeni.com/2013/12/another-soft-patch-ahead-excerpt.html

Politics

  Domestic

What the government got you for Christmas (short):

http://www.zerohedge.com/news/2013-12-18/what-government-got-you-christmas