Morning Journal--BRICS consider IMF alternative

 News on Stocks in Our Portfolios

Rockwell Collins EPS in-line, beats on revenue

§  Rockwell Collins (COL): FQ2 EPS of $1.07 in-line.

§  Revenue of $1.27B (+12.4% Y/Y) beats by $20M.

·        

Sonoco Products EPS in-line, misses on revenue

§  Sonoco Products (SON): Q1 EPS of $0.52 in-line.

§  Revenue of $1.19B (+0.8% Y/Y) misses by $10M.

PepsiCo beats by $0.08, beats on revenue

o    PepsiCo (PEP): Q1 EPS of $0.83 beats by $0.08.

o    Revenue of $12.62B (+0.3% Y/Y) beats by $190M.

 |7:03 AM|

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Sherwin Williams beats by $0.02, misses on revenue

o    Sherwin Williams (SHW): Q1 EPS of $1.14 beats by $0.02.

o    Revenue of $2.36B (+8.8% Y/Y) in-line.

 

Philip Morris beats by $0.03, misses on revenue

o    Philip Morris (PM): Q1 EPS of $1.19 beats by $0.03.

o    Revenue of $6.9B (-9.0% Y/Y) misses by $160M.

BlackRock, Inc. beats by $0.29, revenues in line

·         BlackRock, Inc. (BLK): Q1 EPS of $4.43 beats by $0.29.

·         Revenue of $2.67B (+9.0% Y/Y) in-line.

Schlumberger Limited EPS in-line, misses on revenue

·         Schlumberger Limited (SLB): Q1 EPS of $1.21 in-line.

·         Revenue of $11.24B (+5.3% Y/Y) misses by $250M.

Kinder Morgan Energy Partners L.P misses by $0.06, beats on revenue

o    Kinder Morgan Energy Partners L.P (KMP): Q1 EPS of $0.67 misses by $0.06.

o    Revenue of $3.65B (+37.2% Y/Y) beats by $240M.

 |4:11 PM

Economics

   This Week’s Data

            March industrial production rose 0.7% versus expectations of up 0.4% and February’s number was revised from +0.6% to +1.2%; capacity utilization was 79.2 versus estimates of 78.7

            Weekly jobless claims rose 2,000 versus forecasts of a 12,000 increase.

            http://www.calculatedriskblog.com/2014/04/weekly-initial-unemployment-claims-at.html

   Other

Politics

  Domestic

The new census bureau survey on health insurance (short):

http://gregmankiw.blogspot.com/2014/04/sometimes-its-better-to-split-baby.html

Mark Steyn on free speech (medium):

http://www.spectator.co.uk/australia/australia-features/9187741/the-slow-death-of-free-speech-2/?utm_source=rss&utm_medium=rss&utm_campaign=the-slow-death-of-free-speech-2

  International

           

            BRICS consider IMF alternative (medium):

            http://www.zerohedge.com/news/2014-04-16/brics-consider-creating-imf-alternative-us-loses-credibility