Earnings of Note
Company/Estimate
ALTR/.17
AGR/A/.00
ATVI/.05
BJS/.41
CDN/.15
CHIR/.24
CERN/.37
EBAY/.27
DHI/.88
DRIV/.22
ERES/.14
FFIV/.17
GD/1.40
HET/.79
GM/2.24
IMCL/.25
JPM/.83
LRCX/.26
LIN/.01
LU/.02
NXTL/.51
PFCB/.32
PFE/.46
QCOM/.53
SEBL/.02
SBUX/.22
SYMC/.34
Splits
KNGT 3-for-2
Economic Data
None of note.
Recommendations
Goldman Sachs reiterated Outperform on CAL, FORM, TRMS, N, JCI and HD. Goldman reiterated Underperform on AVB, F and SLG.
Late-Night News
Asian indices are mostly higher on optimism over Alan Greenspan's comments and Japanese economic growth. New York Senator Hillary Rodham Clinton is favored by delegates to the Democratic National Convention to seek the presidency in 2008 if John Kerry fails to win the Nov. 2 election, the AP reported. Dinakar Singh, head of Goldman Sachs Group's Principal Strategies Department, is leaving the firm to start his own hedge fund, the Wall Street Journal reported. The U.S. may "significantly" reduce its military presence in Japan within the next several years, Nikkei English news reported. OPEC may raise output by as much as 500,000 barrels a day in September, Kuwait's Minister of Energy said.
Late-Night Trading
Asian Indices are +.25% to +1.75% on average.
S&P 500 indicated +.10%.
NASDAQ 100 indicated +.32%.
BOTTOM LINE: I expect U.S. stocks to open higher in the morning on strength in technology shares, short covering and better overall earnings reports. A fall in oil below $40/bbl. and a stabilization of interest rates would also boost shares. The Portfolio is 125% net long heading into tomorrow.
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