Morning Journal--The latest from Nouriel Roubini

News on Stocks in Our Portfolios

MasterCard beats by $0.01, beats on revenue

o    MasterCard (MA): Q1 EPS of $0.73 beats by $0.01.

o    Revenue of $2.17B (+13.6% Y/Y) beats by $30M.

ConocoPhillips beats by $0.25

o    ConocoPhillips (COP): Q1 EPS of $1.81 beats by $0.25.

CME Group Inc. EPS in-line, beats on revenue

o    CME Group Inc. (CME): Q1 EPS of $0.83 in-line.

o    Revenue of $777.4M (+8.2% Y/Y) beats by $409.27M.

Teva Pharmaceutical beats by $0.01, misses on revenue

o    Teva Pharmaceutical (TEVA): Q1 EPS of $1.22 beats by $0.01.

o    Revenue of $5B (+2.0% Y/Y) misses by $110M.

Becton, Dickinson and Company beats by $0.03, misses on revenue

o    Becton, Dickinson and Company (BDX): FQ2 EPS of $1.53 beats by $0.03.

o    Revenue of $2.07B (+3.5% Y/Y) misses by $20M.

Murphy Oil Corporation beats by $0.02

o    Murphy Oil Corporation (MUR): Q1 Preliminary EPS of $0.96 beats by $0.02.

|5:22 PM
Automatic Data Processing misses by $0.02, misses on revenue

·         Automatic Data Processing (ADP): FQ3 EPS of $1.06 misses by $0.02.

·         Revenue of $3.32B (+6.8% Y/Y) misses by $20M.

 

Economics

   This Week’s Data

            The April Chicago PMI was reported at 63.0 versus expectations of 56.9.

            Weekly jobless claims rose 14,000 versus estimates of a 9,000 decline.

            March personal income was up 0.5% versus forecasts of up 0.4%; personal spending was up 0.9% versus consensus of up 0.6%; the PCE price index was up 0.2%, in line.

   Other

Politics

  Domestic

  International

            The latest from Nouriel Roubini (medium):

                        https://www.project-syndicate.org/commentary/nouriel-roubini-says-that-if-the-the-global-order-blows-up--the-detonation-will-occur-in-asia