Wednesday, November 6, 2013

Morning Journal--The four Pinocchio lie

News on Stocks in Our Portfolios

HollyFrontier EPS of $0.41, beats on revenues
·                                 HollyFrontier (HFC): Q3 EPS of $0.41.
·                                 Revenue of $5.32B (+2% Y/Y) beats by $0.82B.
|7:06 AM|
ONEOK Partners misses by $0.29
·                                 ONEOK Partners (OKS): Q3 EPS of $0.35 misses by $0.29.

|
 C.H. Robinson misses by $0.04, beats on revenues
·                                 C.H. Robinson (CHRW): Q3 EPS of $0.69 misses by $0.04.
·                                 Revenue of $3.31B (+15.1% Y/Y) beats by $0.08B.

Expeditors Intl misses by $0.04., misses on revenue
·                                 Expeditors Intl (EXPD): FQ3 EPS of $0.45 misses by $0.04.
·                                 Revenue of $1.53B misses by $0.06B.
 |9:10  
Economics

   This Week’s Data

            The International Council of Shopping Canters reported weekly sales of major retailers fell 0.6% versus the prior week but rose 1.9% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 3.4% versus the similar timeframe last month and up 3.8% on a year over year basis.

            The October Institute for Supply Management’s nonmanufacturing index came in at 55.4 versus estimates of 54.5.

            Weekly mortgage applications declined 7.0% while purchase applications were down 5.0%.

   Other

            QE risks higher inflation (medium):

            Germany at risk (medium):

            Quote of the day (short):

Politics

  Domestic

A four Pinocchio lie (short):

Why the GOP is no better than the democrats (medium):

  International

            Fukushima debris island nearing California (medium):

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