Morning Journal

News on Stocks in Our Portfolios

Emerson Electric Co. EPS in-line, beats on revenue

o    Emerson Electric Co. (EMR): Q4 EPS of $0.67 in-line.

o    Revenue of $5.61B (+1.1% Y/Y) beats by $60M.

CME Group Inc. misses by $0.04, misses on revenue

·         CME Group Inc. (CME): Q4 EPS of $0.64 misses by $0.04.

·         Revenue of $687M (+3.9% Y/Y) misses by $4.29M.

Becton, Dickinson and Company beats by $0.12, beats on revenue

o    Becton, Dickinson and Company (BDX): FQ1 EPS of $1.42 beats by $0.12.

o    Revenue of $2.02B (+6.3% Y/Y) beats by $40M.

Suncor Energy misses by C$0.13

o    Suncor Energy (SU): Q4 EPS of C$0.66 misses by C$0.13.

o    The company bumps its quarterly dividend to $0.23/share from $0.20/share.

AmeriGas Partners LP EPS in-line, beats on revenue

·         AmeriGas Partners LP (APU): FQ1 EPS of $1.14 in-line.

·         Revenue of $1.05B (+19.8% Y/Y) beats by $80.44M.

SYSCO Corporation EPS in-line, misses on revenue

o    SYSCO Corporation (SYY): Q2 EPS of $0.40 in-line.

o    Revenue of $11.2B (+3.7% Y/Y) misses by $150M.

Economics

   This Week’s Data

            The January Markit PMI came in at 53.7 versus expectations of 53.9.

            The January Institute for Supply Management’s manufacturing index was reported at 51.3 versus estimates of 56.0

            http://www.calculatedriskblog.com/2014/02/ism-manufacturing-index-declines.html

            December construction spending was up 0.1% versus forecasts of no change.

            http://www.calculatedriskblog.com/2014/02/construction-spending-increased.html

            January light vehicle sales were down.

            http://www.calculatedriskblog.com/2014/02/us-light-vehicle-sales-decrease-to-151.html