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
Economics
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.
http://www.ritholtz.com/blog/2011/10/case-shiller-home-price-indices-2/
The October Conference Board index of consumer confidence came in at 39.8 versus expectations of 46.5.
http://advisorperspectives.com/dshort/guest/Lance-Roberts-111025-Consumer-Key-to-Recession.php
Weekly mortgage applications rose 4.9% while purchase applications were up 6.4%.
http://www.calculatedriskblog.com/2011/10/mba-mortgage-purchase-application-index_26.html
September durable goods orders declined 0.8% versus estimates of a decrease of 1.5%.
Politics
Domestic
More government math that doesn’t add up (medium):
http://www.nationalreview.com/articles/280986/biden-s-fourth-grade-economics-mark-steyn
More on Obama’s homeowner bail out plan (this more the liberal side of the political spectrum--medium):
http://www.nakedcapitalism.com/2011/10/on-the-administrations-latest-potemkin-help-struggling-homeowners-plan.html
International War Against Radical Islam
A conservatives thoughts on our withdrawal from Iraq (short):
http://www.powerlineblog.com/archives/2011/10/is-obama-losing-iraq.php
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