Morning Journal--George Will on Obama

 News on Stocks in Our Portfolios

Accenture misses by $0.01, misses on revenue

o    Accenture (ACN): FQ2 EPS of $1.03 misses by $0.01.

o    Revenue of $7.13B (+1.0% Y/Y) misses by $80M.

Paychex beats by $0.02, beats on revenue

·         Paychex (PAYX): FQ3 EPS of $0.44 beats by $0.02.

·         Revenue of $636.50M (+7.3% Y/Y) beats by $7.65M.

 

Economics

   This Week’s Data

            February pending home sales dropped 0.8%, in line.

            The March Kansas City Fed manufacturing index came in at 10.0 versus expectations of 5.0.

            http://www.calculatedriskblog.com/2014/03/kansas-city-fed-regional-manufacturing.html

                February personal income was up 0.3% versus estimates of up 0.2%; personal spending was up 0.3%, in line; the PCE price deflator was +0.1%, also in line.

   Other

Politics

  Domestic

  International

            George Will on Obama and Ukraine (medium):

            http://www.jewishworldreview.com/cols/will032714.php3#.UzR0d_ldWSo

           

                Russia determined to go its own way (medium):

            http://www.zerohedge.com/news/2014-03-27/russia-create-own-national-payment-system-bid-reduce-dependence-west