Wednesday, March 21, 2012

Morning Journal Are US companies facing declining profit margins

This Week’s Data

The International Council of Shopping Centers reported weekly sales of major retailers up 0.9% versus the prior week and up 3.3% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 4.6% on a year over year basis.

Weekly mortgage applications plummeted 7.4% though purchase applications were only off 1.0%.


Still lots of cash on the sidelines (medium):


But there is trouble in mortgage bond land (medium):

Are we facing a period of declining corporate profit margins (medium and today’s must read):

The simple problem of too much debt (short and also a must read):

Update on the Baltic Dry Index (short):



Obama’s Edsel (medium):

A more in depth look at Obama’s energy policy (medium):

More unintended consequences of rent seeking (medium):


Promising signs of EU growth (short):

On the other hand, rising oil prices are helping (medium):

News on Stocks in Our Portfolios

Earnings per share reports:

Reported Expected

Tiffany’s $1.39 $1.42
Oracle .62 .56
General Mills .55 .55

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.