Video Reports

Embed this video

Copy Code

Link to this video

Get LinkEmbedLicenseRecommend (-)Print
Bookmark and Share

By Jason Stipp and Jeremy Glaser | 10-18-2013 09:00 AM

The Friday Five

Five stats from the market and the stories behind them. This week: three wide-moat names worth a look, an 89-day deal in Washington, and more.

Jason Stipp: I'm Jason Stipp for Morningstar and welcome to The Friday Five: five stats from an eventful week in the market and the stories behind them.

Joining me, as always, with the Friday Five is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: You're welcome, Jason.

Stipp: What do you have for the Friday Five this week?

Glaser: We're going to look at the numbers 89, 14.1%, 4%, $1.1 billion, and 9%.

Stipp: 89 is the number of days until this budget deal runs out. I was hoping that maybe I would have one day where I wouldn't have to think about all the wrangling in Washington, but apparently not.

Glaser: I really think we'd be remiss not to start with the budget deal. Obviously, it has overshadowed everything else this week, overshadowed earnings.

Congress finally came together, passed a relative clean bill, didn't end up debating a lot of the little provisions that we had talked a lot about beforehand. They sent it to the president, the government reopened, the debt ceiling has been delayed for a bit.

But it really only buys us about three months, 89 days, until the government would potentially shut down again, and a little bit longer until the debt ceiling would come up.

In the meantime, a budget conference is going to get together; they're going to try to reconcile that Senate bill and that House bill and see if there is any common ground there. Likely they'll [discuss] the sequestration, the next round that's supposed to hit Jan. 15, and maybe have some horse trading to swap some spending from one area to another while keeping the general level of cuts relatively the same. I think that's a potential deal.

I doubt there will be a grand bargain for reasons that we've discussed before--the divide is just too big. But it's good to see that this is taken care of for now. The next 90 days will be very instructive to see if we'll just have a repeat, or if we're really going to be able to have some constructive discussions about some of our long-term fiscal issues.

Stipp: We saw more than 14% growth in Marketplace users at eBay. That's pretty strong growth for what, at least in tech terms, is a pretty mature business line for eBay, and the stock looks interesting, too.

Read Full Transcript

{0}-{1} of {2} Comments
{0}-{1} of {2} Comment
  • This post has been reported.
  • Comment removed for violation of Terms of Use ({0})
    Please create a username to comment on this article