Morning Journal---Fairy tale economics

 News on Stocks in Our Portfolios

HollyFrontier beats by $0.11, beats on revenues

o    HollyFrontier (HFC): Q4 EPS of $0.31 beats by $0.11.

o    Revenue of $4.83B (-6.2% Y/Y) beats by $1.1B.

Home Depot, Inc. beats by $0.02, misses on revenue

o    Home Depot (HD): Q4 EPS of $0.73 beats by $0.02.

o    Revenue of $17.7B misses by $0.22B.

EOG Resources beats by $0.06, beats on revenues

·         EOG Resources (EOG): Q4 EPS of $2.00 beats by $0.06.

·         Revenue of $3.75B beats by $0.12B.

Oneok Partners, L.P. beats by $0.01

·         Oneok Partners, L.P. (OKS): Q4 EPS of $0.67 beats by $0.01.

 

Economics

   This Week’s Data

            The February Market flash PMI was reported at 52.7 versus expectations of 56.7

            The February Dallas Fed manufacturing index came in at 0.3 versus estimates of 2.5.

            http://www.calculatedriskblog.com/2014/02/dallas-fed-manufacturing-general.html

   Other

            Fairy tale economics (medium):

            http://www.realclearmarkets.com/articles/2014/02/24/this_is_the_age_of_fairy-tale_economics_100922.html