Morning Commentary
Looking at the new US congressional map, it is hard to argue that America isn't a red nation with pockets of elites that influence through control of the media with messages of fear and anger.
That approach isn't working and that, to me, is the greatest message from last night. I'm looking for a return to a united America where the focus is on the same tide lifting all ships.
It’s time to get back to the basics where people think of the best outcomes.
The low hanging fruit of the election should see changes in these areas:
Energy:
Taxes:
While last night America spoke loud and clear about the direction of the nation, particularly the economy in a rebuke of President Obama, they did cling to one of his platforms… higher minimum wage. In fact, five so-called red states (I toss in Illinois since they voted for a Republicans businessman to run their state) voted to hike the lowest hourly wage.
Higher Minimum Wage Federal $7.25 |
||
Arkansas |
$8.50 |
2017 |
Nebraska |
$9.00 |
2016 |
South Dakota |
$8.50 |
2015 |
Alaska |
$9.75 |
2016 |
Illinois |
$10.00 |
2015 |
The Economy
Once again, small businesses did the most to create jobs, according to ADP. ADP reported that October saw 230,000 net gains.
Goods Producing (Preliminary Figures) |
|||
Employer Size |
Small (less than 50) |
Medium (50-499) |
Large (500+) |
Month Change (Jobs Added) |
15,650 |
17,954 |
14,396 |
Service Producing (Preliminary Figures) |
|||
Employer Size |
Small (less than 50) |
Medium (50-499) |
Large (500+) |
Month Change (Jobs Added) |
79,312 |
63,396 |
38,292 |
Below are some of the companies that reported earnings yesterday afternoon and earlier this morning.
Company |
Ticker |
EPS (Actual) |
EPS (Est) |
Rev (Actual $M) |
Rev (Est $M) |
21st Century Fox |
FOXA |
0.39 |
0.36 |
$7,887.00 |
$6,237.90 |
EOG Resources* |
EOG |
1.31 |
1.29 |
$5,119.00 |
$4,317.30 |
ExamWorks |
EXAM |
0.08 |
0.06 |
$204.10 |
$195.82 |
FireEye* |
FEYE |
-0.51 |
-0.55 |
$114.21 |
$116.20 |
Jazz Pharma |
JAZZ |
2.33 |
2.21 |
$306.58 |
$302.48 |
Pharmacyclics |
PCYC |
0.69 |
0.43 |
$207.10 |
$201.39 |
Papa John's |
PZZA |
0.39 |
0.37 |
$390.40 |
$378.45 |
Pioneer National |
PXD |
1.35 |
1.26 |
$1,513.00 |
$1,008.12 |
Potbelly |
PBPB |
0.09 |
0.07 |
$84.70 |
$84.22 |
TripAdvisor |
TRIP |
0.48 |
0.60 |
$354.00 |
$348.85 |
zuilily* |
ZU |
0.02 |
-0.04 |
$285.80 |
$285.45 |
Chesapeake Energy* |
CHK |
0.38 |
0.32 |
$5,703.00 |
$4,561.10 |
Clean Harbors |
CLH |
0.45 |
0.63 |
$851.50 |
$901.00 |
Cognizant Tech |
CTSH |
0.66 |
0.63 |
$2,581.00 |
$2,569.33 |
Covidien |
COV |
1.15 |
1.02 |
$2,734.00 |
$2,685.98 |
Duke Energy |
DUK |
1.40 |
1.52 |
$6,395.00 |
$7,187.91 |
Level 3 |
LVLT |
0.35 |
0.31 |
$1,629.00 |
$1,632.56 |
Mondelez Intl |
MDLZ |
0.50 |
0.39 |
$8,337.00 |
$8,374.62 |
Stratsys* |
SSYS |
0.58 |
0.58 |
$203.60 |
$195.84 |
Tim Hortons* |
THI |
0.95 |
0.88 |
$909.02 |
$883.17 |
Vonage |
VG |
0.07 |
0.03 |
$214.70 |
$216.93 |
Wix.com |
WIX |
-0.24 |
-0.32 |
$37.50 |
$35.65 |
* = Open WSS Ideas
Comments |
Does the new Congress have the courage to reduce, limit, entitlements so we producers finally realize a little tax relief? Imagine how tight Obamas golf grip might be next round! he will need to be reminded to notify his face (sour grapes and indignation) next appearance and turn it around! Lesley Jenkins on 11/5/2014 1:53:28 PM |
Can the new Congress, the RED side, unite in their plans to right this sinking ship? Lesley Jenkins on 11/5/2014 2:23:28 PM |
I am curious about how much this minimum wage change will hurt Chicago. I expect that it will be a boon for some service companies in Wisconsin and Indiana as their neighbors across the border find it hard to compete. I would expect it to affect catering companies and maid operations that are national franchises the most, as they tend toward paying minimum wage due to the low skill levels. On the other hand, it should not affect the lawn mowing businesses or small maid operations as most of those don't pay either minimum wage or any taxes. Bob G on 11/6/2014 9:33:30 AM |
Tweet |
4/26/2024 9:39 AM | BIG TECH STEPS UP |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
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