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Takeaway: A quick look at stories on Hedgeye's radar screen.

Keith McCullough – CEO

High-End Smartphone Boom Ending as Price Drop Hits Apple (via Bloomberg)

China's Gansu province hit by powerful earthquakes (via BBC)

Australia’s Waning Boom Saps Mining Area Housing Demand (via Bloomberg)

Morning Reads on Our Radar Screen - earth1

Daryl Jones – Macro

Japan's Abe has chance to show true colors after big election win (via Reuters)

Turkey headed for a recession (via Sober Look)

Josh Steiner – Financials

Existing home sales take a breather, but prices soar (via Reuters)

Higher Rates Aren't Enough to Stall Housing (via WSJ)

Howard Penney – Restaurants

McDonald's outlook weakens on competition in U.S., slower European sales (via Reuters)

CHART: MCD - its only a matter of time before the BLUE line (stock) catches up with the RED line (EPS) (via Hedgeye)


Jonathan Casteleyn – Financials

Wall Street Commodity Trading in Jeopardy Amid Fed Review (via Bloomberg)

Matt Hedrick – Macro

Portugal’s Coelho Wins Backing From President to Complete Term (via Bloomberg)

Jay Van Sciver – Industrials

Lennox International 2nd-Quarter Net Rose 44%; Raises Year View (via WSJ)   

Tom Tobin – Healthcare

Health Insurance Exchange Rates Surprisingly Low (via Health Leaders Media)