Wednesday, January 25, 2012

Morning Journal-The US inches closer to a European moment


Economics
This Week’s Data


The International Council of Shopping Centers reported weekly sales of major retailer fell 1.4% versus the prior week but rose 2.8% versus the comparable period in 2011; Redbook Research reported month to date retail chain store sales dropped 1.6% versus the similar time frame in December but increased 2.5% on a year over year basis.

Weekly mortgage applications fell 5.0% while purchase applications dropped 5.4%.


Other

The US inches closer to a European moment (medium):
http://money.cnn.com/2012/01/24/markets/thebuzz/index.htm?iid=HP_LN

MIT data show inflation declining at year end (short):
http://mjperry.blogspot.com/2012/01/ppmit-data-show-inflation-moderating-at.html

Truck tonnage continues strong (short):
http://scottgrannis.blogspot.com/2012/01/truck-tonnage-is-very-impressive.html

Politics

Domestic


The Club for Growth on Romney and Gingrich (3 minute video):
http://www.clubforgrowth.org/perm/?postID=15730

News on Stocks in Our Portfolios

More earnings per share reports:

Reported Expected

Canadian Nat’l RR $1.30 $1.26
Peabody Energy .93 1.32
Praxair 1.36 1.37
General Dynamics 1.68 1.99
United Technologies 1.47 1.46
Total System Services ,31 .31
UGI .77 .97
Abbott Labs 1.54 1.44
Automatic Data Processing .68 .68
Boeing 1.32 1.01




Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.