Earnings of Note
Company/Estimate
ACN/.37
AA/.47
DNA/.19
ISCB/.32
STAR/.24
SCHN/1.25
YHOO/.08
Splits
INFY 2-for-1
Economic Data
None of note.
Recommendations
Goldman Sachs reiterated Outperform on PFE, VZ and Underperform on TFX.
Late-Night News
Asian indices are mostly lower on weakness in U.S. technology shares. Symbian Ltd. may Wednesday say most of its owners have agreed to increase their stakes in the company, blocking an attempt by Nokia to increase its stake to more than 50%, the Financial Times said. Volkswagen AG is offering "zero percent loans" to U.S. customers, the Financial Times said. China's economy may grow at least 10% in the first half of this year, Wen Wei Po reported. Virgin Blue Holdings, Australia's second-largest carrier, is considering adding flights to the U.S., competing on some of the most profitable routes of larger rival Qantas Airways, Bloomberg reported. Police in Jordan arrested the brother-in-law of al-Zarqawi, a Jordanian linked to al-Qaeda and accused of organizing terrorist attacks in Iraq, Agence France-Presse reported. Pakistan's President Musharraf said his country will rid itself completely of al-Qaeda terrorists, Agence France-Presse reported. American International Group and Morgan Stanley are among six bidders seeking to buy three Tokyo buildings worth $1.1 billion, in what may be the largest single property purchase by a foreign investor since Japan's bubble economy burst in 1990, Bloomberg said.
Late-Night Trading
Asian Indices are -.75% to +.25% on average.
S&P 500 indicated +.09%.
NASDAQ 100 indicated +.17%.
BOTTOM LINE: I expect U.S. stocks to open modestly higher in the morning as several short-term indicators are reaching oversold levels. The Portfolio is 50% net long heading into tomorrow.
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