News on Stocks in Our Portfolios
o Boeing (NYSE:BA):
Q2 EPS of $2.42 beats by $0.43.
o Revenue of $22.05B (+1.1% Y/Y) misses by $420M.
·
PepsiCo (NYSE:PEP):
Q2 EPS of $1.32 beats by $0.09.
·
Revenue of $16.89B (+0.5%
Y/Y) beats by $100M
·
General Dynamics (NYSE:GD):
Q2 EPS of $1.88 beats by $0.11.
·
Revenue of $7.47B (-4.6%
Y/Y) misses by $60M.
·
Praxair (NYSE:PX):
Q2 EPS of $1.58 misses by $0.01.
·
Revenue of $3.11B (+3.3%
Y/Y) misses by $50M.
·
Microsoft Corporation (NASDAQ:MSFT):
FQ4 EPS of $0.55 misses by $0.06.
·
Revenue of $23.38B (+17.3%
Y/Y) beats by $270M.
·
McDonald's (NYSE:MCD): Q2 EPS of $1.40 misses by $0.04.
·
Revenue of $7.18B (+1.4%
Y/Y) misses by $100M.
Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major retailers
down 0.4% versus the prior week but up 2.8% on a year over year basis; Redbook
Research reported month to date retail chain store sales up 4.2% versus the
comparable period past month and up 3.7% versus the similar timeframe a year
ago.
June
existing home sales rose 2.6% versus expectations of up 2.0%.
The
July Richmond Fed manufacturing index came in at 7 versus estimates of 5.5.
Weekly
mortgage applications rose 2.4% while purchase applications increased by 0.3%.
Other
How
successful was QE? (medium and a must read):
The
Fed’s success is about limiting its damage (medium and a must read):
NY
Fed slams Deutschebank for $75 trillion in derivatives (medium):
Update
on real retail sales per capita (medium):
Update
on big four economic indicators (medium):
Politics
Domestic
International
US
releases satellite imagery that (it says) tracts missile attack on MH17
(short):
Update: it looks like the
US is letting Putin off the hook; just like he assumed they would? (medium):
Rebels
claim that they shot down two fighter jets (short):
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