Company/Estimate
LBTYA/-.13
STI/1.31
Splits
None of note.
Economic Data
Advance Retail Sales for October estimated up .1% versus a 1.5% increase in September.
Retail Sales Less Autos for October estimated up .6% versus a .6% gain in September.
Preliminary Univ. of Mich. Consumer Confidence for November estimated at 93.1 versus a reading of 91.7 in October.
Recommendations
Goldman Sachs reiterated Outperform on A. STMicroelectronics NV(STM), Europe's biggest semiconductor maker, is expected to see its shares climb as demand for its chips grows, Business Week reported. Diomed Holdings(DIO) shares are expected to climb as demand for the medical-device maker's varicose-vein treatment grows, Business Week reported.
Late-Night News
Asian indices are mostly higher on optimism over a possible acceleration in exports from the region. Kmart Holding Chairman Lampert may use his controlling stake in the discount retailer to finance future investments, Business Week reported. More financial companies are purchasing power plants amid sluggish growth in their other units, Business Week reported. China is drafting rules that will slow investment in the nation's steel industry, Wen Wei Po reported. AOL will announce next week that it has partnered with an Irish company to boost its add-on premium services, Business Week said. Shanghai may become the world's busiest port this year, surpassing Rotterdam in the Netherlands, the Chinanews Web site said. Retailers Toys "R" Us, Fortunoff and Casual Corner are attracting private equity and venture capital firms as potential buyers, the NY Times reported. GlaxoSmithKline Plc's experimental vaccine was effective against a virus that causes cervical cancer in a study, the first to show the treatment may provide protection against the No. 2 cause of cancer death among women, Bloomberg reported. China's consumer prices rose last month at their slowest pace in six months as government lending curbs cooled demand and improved harvests helped damp gains in food prices, Bloomberg said. The yen rose for a second day in Asia after the Nikkei Financial Daily newspaper said the U.S. will tolerate a weaker dollar and that it may fall 15% against Japan's currency, Bloomberg reported.
Late-Night Trading
Asian Indices are unch. to +2.0% on average.
S&P 500 indicated +.08%.
NASDAQ 100 indicated +.32%
BOTTOM LINE: I expect U.S. equities to open higher in the morning on a better-than-expected Consumer Confidence report, gains in Asia and optimism over Dell's earnings release. The Portfolio is 125% net long heading into tomorrow.
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