Tuesday, August 19, 2014

Morning Journal--Regulators punt on 'too big to fail'

News on Stocks in Our Portfolios
·         Medtronic (NYSE:MDT): FQ1 EPS of $0.93 beats by $0.01.
·         Revenue of $4.27B (+4.7% Y/Y) beats by $20M.

    • Home Depot (NYSE:HD): Q2 EPS of $1.52 beats by $0.07.
    • Revenue of $23.8B (+5.7% Y/Y) beats by $180M.

Economics

   This Week’s Data

            The NAHB housing market (confidence) index rose to 55 versus expectations of 53.

                And no wonder, July housing starts rose 14% versus estimates of up 8%.

            July CPI was up 0.1%, in line: ex food and energy, it was up 0.1% versus forecasts of up 0.2%.

   Other

            Regulators punting ‘too big to fail’ (medium):

            Three reasons why Europe is struggling (short):

Politics

  Domestic

Quote of the day (short):

  International

            Latest from Ukraine (medium):

            And Bulgaria halts pipeline that bypasses Ukraine (short):


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