News on Stocks in Our Portfolios
o
Western Gas Partners (WES):
Q1 EPS of $0.54 beats by $0.07.
o
Revenue of $288.7M (+25.7% Y/Y) misses
by $4.83M.
- Marathon Oil (MRO):
Q1 EPS of $0.88 beats by $0.17.
- Revenue of $3.53B (-12.2% Y/Y) beats by $150M.
·
Oneok Partners (OKS):
Q1 EPS of $0.81 beats by $0.15.
Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major
retailers down 2.0% versus the prior week but up 2.0% on a year over year
basis; Redbook Research reported month to date retail chain store sales up 4.4%
versus the comparable period last year.
Weekly
mortgage applications rose 5.3% while purchase applications were up 9.0%.
First
quarter nonfarm productivity fell 1.7% versus expectations of a drop on 1.2%;
unit labor costs soared 4.2% versus estimates of +2.8%.
Other
Here
is some details of the EU growth prospects that I cited in yesterday’s Morning
Call. Note the last sentence pertaining
to the risk to the forecast (medium):
Why EU QE won’t work
(medium):
Update
on recession probability model (short):
A look at future US
government debt and inflation (short):
Politics
Domestic
This is the
depth to which our higher education system has sunk (medium):
More on income
inequality (short):
International
More
on the Chinese real estate market (medium):
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