Thursday, February 6, 2014

Morning Journal--Coming to a sub hub near you

News on Stocks in Our Portfolios

o    Cummins Inc. (CMI): Q4 EPS of $1.94 misses by $0.04.
o    Revenue of $4.6B (+7.0% Y/Y) beats by $390M.


o    Sigma-Aldrich Corporation (SIAL): Q4 EPS of $1.02 beats by $0.01.
o    Revenue of $684M (+4.4% Y/Y) beats by $8.03M.
·         Marathon Oil (MRO): Q4 EPS of $0.60 misses by $0.16.
·         Revenue of $3.29B (-22.2% Y/Y) misses by $280M.


Economics

   This Week’s Data

            The January ISM nonmanufacturing index came in at 54.0 versus expectations of 53.9.

                Weekly jobless claims declined 20,000 versus estimates of a fall of 11,000.

            The December trade deficit was $38.7 billion versus forecasts of $36.0 billion.

            Fourth quarter nonfarm productivity was up 3.2% versus expectations of up 2.6%; unit labor costs fell 1.6% versus estimates of -0.7%.

   Other

            The truth about bank earnings (medium):

            The impact of heavy snowfall on jobs (short):

Politics

  Domestic

The travesty of the Farm Bill (medium):

Coming to a sub hub near you (medium):

The latest Obamacare nightmare (medium):

The impact of Obama’s minimum wage hike (medium):

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