Morning Journal----Deflation in Europe

News on Stocks in Our Portfolios

Coca-Cola EPS in-line, misses on revenue

·         Coca-Cola (NYSE:KO): Q3 EPS of $0.53 in-line.

·         Revenue of $11.98B (-1.2% Y/Y) misses by $140M.

Kimberly-Clark beats by $0.07, beats on revenue

• Kimberly-Clark (NYSE:KMB): Q3 EPS of $1.61 beats by $0.07.
• Revenue of $5.44B (+3.4% Y/Y) beats by $80M.

United Technologies beats by $0.01, beats on revenue

·         United Technologies (NYSE:UTX): Q3 EPS of $1.82 beats by $0.01.

·         Revenue of $16.2B (+4.8% Y/Y) beats by $40M.

Genuine Parts EPS in-line, beats on revenue

·         Genuine Parts (NYSE:GPC): Q3 EPS of $1.24 in-line.

·         Revenue of $3.99B (+8.1% Y/Y) beats by $60M.

Economics

   This Week’s Data

   Other

            Deflation in Europe (medium):

            http://www.telegraph.co.uk/finance/economics/11158948/This-is-the-most-important-chart-in-the-world-right-now.html

            What is the global turbulence telling us (medium)?

            http://blogs.ft.com/gavyndavies/2014/10/19/what-is-global-market-turbulence-telling-us/

Politics

  Domestic

  International War Against Radical Islam

           

The latest from Iraq/Syria (medium):

            http://www.zerohedge.com/news/2014-10-20/caliph-wilderness-mirrors