Wednesday, April 25, 2012

Morning Journal-More on the natural gas renaissance


This Week’s Data

The International Council of Shopping Centers reported weekly sales of major retailers up 0.8% versus the prior week and up 3.6% versus the comparable period a year ago: Redbook Research reported month to date retail chain store sales down 0.1% versus the similar timeframe last month but up 2.7% on a year over year basis.

The February Case Shiller home price index rose 0.2% versus expectations of a 0.1% increase.

March new home sales were below estimates; but was offset by a big February upward revision. The net effect was a 4.7% advance.

April consumer confidence came in at 69.2 versus forecasts of 70.2.

The April Richmond Fed manufacturing index was reported at 14.0 versus expectations of 8.0.

Weekly mortgage applications fell 3.8%, though purchase applications rose 2.7%.

March durable goods orders plunged 4.2% versus estimates of a 1.5% fall; ex transportation, orders were off 1.1% versus forecasts of a 0.4% advance.


The renaissance that will be wrought by cheap natural gas (short):

The latest ASA staffing index (short):

The interest rate risk for banks (medium):

G10 macro data is deteriorating (short):

US China trade as an economic indicator (short):



We all better hope life does not become ‘fair’ (medium):
News on Stocks in Our Portfolios

More quarterly earnings per share reports:

Reported Expected

T Rowe Price $.75 $.78
Sigma Aldrich .99 .99
Illinois Tool Works .97 .95
CH Robinson .65 .65
Total System Services .30 .30
Caterpillar 2.37 2.15
Boeing 1.22 .95
General Dynamics 1.57 1.69
Praxair 1.38 1.36

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.