Friday, July 20, 2012

Morning Journal--Friday morning humor


This Week’s Data

June existing home sales fell 3.9% versus expectations of a 2% increase.

The July Philadelphia Fed manufacturing index came in at -12.9 versus estimate of -8.0.

June leading economic indicators declined 0.3% versus forecasts of down 0.1%.


Rail traffic continues to improve (short):

Another argument against recession (short):



Cartoon of the day:

More humor:

And even more:

News on Stocks in Our Portfolios

More quarterly earnings per share reports:

Reported Expected

Nucor $.37 $.48
Sherwin Williams 2.17 2.11
Genuine Parts 1.08 1.08
Schlumberger 1.05 1.00

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.