Company/Estimate
None of note
Splits
None of note.
Economic Data
None of note
Recommendations
Goldman Sachs reiterated Outperform on BSX and Underperform on PPS, TCO.
Late-Night News
Asian indices are mostly higher on optimism for exporters in the region. Saudi forces killed the suspected leader of the al-Qaeda terrorist network in Saudi Arabia, along with nine other members of the group, in separate gun battles, Agence-France Presse reported. A free trade agreement with China would boost Japan’s GDP by .5%, the Nihon Keizai newspaper reported. Oracle fired PeopleSoft’s Co-President and CFO and three other top executives, putting Oracle officials in their places as part of the $10.3 billion takeover, Bloomberg reported. Huawei Technologies, China’s largest phone-equipment maker, said it received a $10 billion credit line from China Development Bank to finance overseas expansion, Bloomberg said.
Late-Night Trading
Asian Indices are unch. to +.50% on average.
S&P 500 indicated +.07%.
NASDAQ 100 indicated +.18%.
BOTTOM LINE: I expect U.S. equities to open modestly higher in the morning on short-covering and window-dressing. The Portfolio is at its highs for the year and 125% net long heading into tomorrow.
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