Wednesday, October 26, 2011

Morning Journal Bad government math + Subscriber Alert

Subscriber Alert

The stock price of Quality Systems (QSII) has traded below the upper boundary of its Buy Value Range. Accordingly, it is being Added to the Aggressive Growth Buy List. The Aggressive Growth Portfolio owns a full position in QSII, so no additional shares will be purchased.

News on Stocks in Our Portfolios

More earnings reports:

Reported Expected

BCR $1.62 $1.60
CNI 1.38 1.34
ITW 1.00 .98
3M 1.52 1.61
SHW 1.71 1.70
SIAL .96 .91
TSS .30 .28
UPS 1.05 1.05


This Week’s Data

The International Council of Shopping Centers reported weekly sales of major retailers fell 0.8% versus the prior week but rose 2.4% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 4.1% on a year over year basis.

The August Case Shiller home price index was unchanged as anticipated.

The October Conference Board index of consumer confidence came in at 39.8 versus expectations of 46.5.

Weekly mortgage applications rose 4.9% while purchase applications were up 6.4%.

September durable goods orders declined 0.8% versus estimates of a decrease of 1.5%.



More government math that doesn’t add up (medium):

More on Obama’s homeowner bail out plan (this more the liberal side of the political spectrum--medium):

International War Against Radical Islam

A conservatives thoughts on our withdrawal from Iraq (short):