Thursday in the charts.
Are investor expectations a contrary signal?
September pending home sales fell 2.2% versus consensus of +3.4%.
September personal income rose 0.9% versus projections of +0.4%; personal spending was up 1.4% versus +1.0%; the PCE price index was up 0.2% versus +0.3%; core PCE was +0.2%, in line.
The September Japanese unemployment rate was 3.0% versus estimates on 2.9%; preliminary industrial production was up 1.0% versus +2.5%; YoY housing starts fell 9.8% versus -8.6%.
September German retail sales were down 2.2% versus forecasts of -0.8%; Q3 GDP growth came in at +8.2% versus +7.3%.
The September EU unemployment rate was 8.3%, in line; Q3 GDP growth was 12.7% versus 9.4%; CPI was +0.2%, in line.
Debt to income ratios are worse than they appear.
Consumers are gloomy about Christmas spending but retailers are ramping up for a blockbuster season.
WHO official cautions against lockdowns.
Bottom line. Value investing waves the white flag---again.
Multiple fears gripping the Market.
News on Stocks in Our Portfolios
T. Rowe Price : Q3 Non-GAAP EPS of $2.55 beats by $0.12; GAAP EPS of $2.73 beats by $0.21.
T. Rowe Price declares $0.90/share quarterly dividend, in line with previous.
Mastercard : Q3 Non-GAAP EPS of $1.60 misses by $0.06; GAAP EPS of $1.51 misses by $0.14.
General Dynamics : Q3 GAAP EPS of $2.90 beats by $0.04.
Automatic Data Processing : FQ1 Non-GAAP EPS of $1.41 beats by $0.43; GAAP EPS of $1.40 beats by $0.44.
United Parcel Service : Q3 Non-GAAP EPS of $2.28 beats by $0.39; GAAP EPS of $2.24 beats by $0.40.
C.H. Robinson Worldwide : Q3 GAAP EPS of $1.00 beats by $0.03.
Microsoft : FQ1 GAAP EPS of $1.82 beats by $0.28.
Franklin Resources : Q4 Non-GAAP EPS of $0.56 misses by $0.12; GAAP EPS of $0.15 misses by $0.45.
Cummins : Q3 GAAP EPS of $3.36 beats by $0.88.
Sherwin-Williams : Q3 Non-GAAP EPS of $8.29 beats by $0.49; GAAP EPS of $7.66 beats by $0.39.
MSC Industrial Direct : FQ4 Non-GAAP EPS of $1.09 beats by $0.15; GAAP EPS of $0.94 misses by $0.02.
3M : Q3 Non-GAAP EPS of $2.43 beats by $0.16; GAAP EPS of $2.43 beats by $0.18.
Apple : Q4 GAAP EPS of $0.73 beats by $0.03.
Altria : Q3 Non-GAAP EPS of $1.19 beats by $0.03; GAAP EPS of -$0.51 misses by $1.66.
AbbVie : Q3 Non-GAAP EPS of $2.83 beats by $0.06; GAAP EPS of $1.29 misses by $0.13.
AbbVie declares $1.30/share quarterly dividend, 10.2% increase from prior dividend of $1.18.
Exxon Mobil : Q3 Non-GAAP EPS of -$0.18 beats by $0.06; GAAP EPS of -$0.15 beats by $0.11.
Exxon Mobil declares $0.87/share quarterly dividend, in line with previous.
Exxon laying off 15% of its work force.
W.W. Grainger declares $1.53/share quarterly dividend, in line with previous.
What I am reading today
Three easy ways to retire wealthier.
Visit Investing for Survival’s website (http://investingforsurvival.com/home) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.