This Week’s Data
May housing starts were off 1% versus expectations of a slight rise.
Bank lending continues to grow (medium):
The latest from Nouriel Roubini (medium):
Weekly update on gasoline prices (short):
And Brent-WTI spread (short):
The sorry state of pension and health insurance plan funding for retirees. If you are at or close to retirement, you absolutely have to read this (medium):
International War Against Radical Islam
More on the Egyptian elections from Stratfor (4 minute video):
News on Stocks in Our Portfolios
Oracle reported its fourth fiscal quarter’s earnings per share of $.82 versus expectations of $.78. It also announced a $10 billion stock buyback.
Walgreen reported its third fiscal quarter’s earnings per share of $.62 versus estimates of $.63. It raised its dividend by 22.5%.
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.