Morning Journal---Stockman on Ukraine

  News on Stocks in Our Portfolios

 
United Parcel Service misses by $0.04, beats on revenue

·         United Parcel Service (NYSE:UPS): Q2 EPS of $1.21 misses by $0.04.

·         Revenue of $14.27B (+5.6% Y/Y) beats by $170M.

Economics

   This Week’s Data

            The July Markit flash services PMI was reported at 61.0 versus expectations of 60.0.

            June pending home sales fell 1.1%, in line.

            http://www.calculatedriskblog.com/2014/07/nar-pending-home-sales-index-decreased.html

            The July Dallas Fed’s manufacturing index came in at 12.7 versus estimates of 12.0

            http://www.calculatedriskblog.com/2014/07/dallas-fed-manufacturing-activity-picks.html

   Other

            Median household income rose in June (medium):

            http://advisorperspectives.com/dshort/updates/Median-Household-Income-Update.php

            Update on US corporate debt (short):

            http://www.zerohedge.com/news/2014-07-28/chart-has-high-yield-investors-running-hills

Politics

  Domestic

  International

            Doubts in EU about helping Ukraine (medium):

            http://www.nakedcapitalism.com/2014/07/more-signs-of-doubt-in-europe-about-the-costs-of-siding-with-ukraine.html

            David Stockman on Ukraine (medium and a must read):

            http://www.zerohedge.com/news/2014-07-28/washingtons-ukrainian-fiasco-who-real-problem-here

            More from Ukraine (medium:

            http://www.zerohedge.com/news/2014-07-28/us-considering-military-aid-ukraine-accuses-russia-violating-nuclear-arms-treaty-icb