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WJR July 2015 Reports

July 31, 2015 We’re one trading day away from saying goodbye to July, and contrary to the way a lot of people are feeling, July looks like it will go down in the books as being a positive month for stock prices. With the bulk of big company earnings reports now in the rear-view mirror, it turns out that second quarter earnings (outside of oil companies) wasn’t all that bad. About 80 percent of reporting companies met or beat expectations for operating profit, and that’s pretty much in line with recent quarters gone by. Exxon, by the way, just reported a dollar per share in profit, 11 cents below estimates. The Federal Reserve considers a lot of statistical data in evaluating the level of interest rates, and one that holds a lot of sway is the Employment Cost Index. The rise in employment costs for the second quarter will be...
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WJR June 2015 Reports

June 30, 2015 It’s the last day of the second quarter and the first half of the year and it’s also deadline day for two sets of negotiations that appear to have limited hope of a successful conclusion. This as we come off the worst day that our stock market has suffered in over a year. The Greek Government has announced that they will not make their scheduled payment to the International Monetary Fund today, after showing up at the debt negotiation poker game without any cards. Over in Iran, it’s deadline day for the nuclear power program negotiations, which are making the Greek talks look like a piece of cake. July should get off to an interesting start. Speaking of cake and food of all sorts, ConAgra Foods reported in-line profits of 59 cents per share and their shares are almost 3 percent higher this morning on word that...
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WJR May 2015 Reports

May 29, 2015 Three significant economic reports are on today’s agenda, headlined by the 8:30 release of the Government’s second guess at the output of the economy in the first quarter of the year. The first guess a month ago was an increase of just two-tenths of a percent. However, the second guess is actually expected to reflect a one percent contraction in Gross Domestic Product. The long-resolved west-coast port strike will get the blame. Still, economic contraction is not exactly supportive of an increasing interest rate policy by the Fed. At 9:45, the Chicago Purchasing Managers Index is expected to improve a bit to 53.1 and then at 10, the University of Michigan will issue its final report on May Consumer Sentiment. Gamestop shares are on the move higher by about 7 percent pre-market as quarterly earnings came in at 68 cents per share, versus the expected 58 cents....
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WJR April 2015 Reports

WJR March 2015 Reports

WJR February 2015 Reports

WJR January 2015 Reports

WJR December 2014 Reports

WJR November 2014 Reports

WJR October 2014 Reports

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