Earnings Announcements
Company/Estimate
None of note.
Splits
None of note.
Economic Data
None of note.
Recommendations
Goldman Sachs reiterates Outperform on AGI, MSFT, PAYX, BIIB, UTX and SLR. GS reiterates that IGT is top pick among slot manufactures. GS reiterates Underperform on BMY. Business Week's "Inside Wall Street" column is positive on EP. It also says MEDI could be takeover target.
Late-Night News
Asian stocks are mixed on strength in Korea's Kospi and weakness in Japan's Nikkei. Microsoft is cutting the price on the Xbox to $149. There is still no word on the success of the Pakistani offensive along the Afghan border where bin Laden's top aide is said to be surrounded. U.S. Secretary of State Colin Powell arrived in Baghdad on the eve of the one-year anniversary of the U.S. invasion of Iraq, AFP reported.
Late-Night Trading
Asian Indices -.50% to +1.0%.
S&P 500 indicated +.30%.
NASDAQ indicated +.42%.
BOTTOM LINE: Option expiration and a stellar report from Adobe after the close of trading today could prove to be the catalysts for a good day tomorrow. Option expiration will likely add to volatility as well. The Portfolio is 100% net long. I will likely add tech exposure on a break above 482 on the Morgan Stanley High-tech Index. A break below 473 on the MSH and I will likely exit some tech longs.
No comments:
Post a Comment