Earnings Announcements
Company/Estimate
ABGX/-.50
AGR/A/.01
AMT/-.16
ABI/.21
AGI/.48
AV/.07
BHI/.25
BJS/.41
COHR/.06
FLEX/.10
IMCL/.16
LLL/.64
LMT/.53
MXIM/.31
MNST/.10
MSTR/.29
NET/.11
RFMD/.04
SINA/.27
SONS/.01
VZ/.57
UTSI/.39
Splits
ARO 3-for-2
BKST 3-for-2
Economic Data
Consumer Confidence for April estimated at 88.5 versus 88.3 in March.
Existing Home Sales for March estimated at 6.2M versus 6.12M in February.
Recommendations
Goldman Sachs reiterated Underperform on SMP, VRTX and T. GS reiterated Outperform on ENH, DNA and SBC.
Late-Night News
Asian indices are mixed as strength in Hong Kong is being offset by weakness in Taiwan. Starbucks Chairman Howard Schultz said the largest U.S. coffee-shop chain by market value doesn't plan to increase drink prices even as the cost of coffee and milk rises, CNBC reported. China may take more steps to try to curb Shanghai's real estate prices by forcing developers to keep prices stable for large lots of property put up for sale, the Financial Times reported. A foiled chemical attack in Jordan, linked to al-Qaeda, could have killed 80,000. The chemical explosives were 20 times more powerful than the bomb used in Oklahoma City, ABC News reported.
Late-Night Trading
Asian Indices -1.25% to +1.25%.
S&P 500 indicated +.04%.
NASDAQ indicated unch.
BOTTOM LINE: I expect U.S. stocks to open higher tomorrow on a better-than-expected Consumer Confidence report and strong corporate earnings reports. The Portfolio is 100% net long and I will look to add select tech long positions on any unexpected morning weakness.
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