Thursday, October 16, 2014

Morning Journal---BIS warns of violent swings in international markets

  News on Stocks in Our Portfolios
·         W.W. Grainger (NYSE:GWW): Q3 EPS of $3.30 beats by $0.01.
·         Revenue of $2.56B (+6.7% Y/Y) misses by $10M.

    • Philip Morris (NYSE:PM): Q3 EPS of $1.39 beats by $0.06.
    • Revenue of $7.85B (-1.0% Y/Y) beats by $240M.
 
Economics

   This Week’s Data

            August business inventories rose 0.2% versus expectations of a 0.4% increase; unfortunately, business sales fell 0.4%.

            Weekly jobless claims fell 23,000 versus estimates of a 3,000 increase.
           
   Other

            BIS warns of violent swings in international markets (medium):

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