Company/Estimate
CBH/.87
CREE/.32
MTG/1.34
SUNW/.01
Splits
CMN 3-for-2
Economic Data
Import Price Index for December estimated to fall .3% versus a .2% increase in November.
Advance Retail Sales for December estimated to rise 1.0% versus a .1% increase in November.
Retail Sales Less Autos for December estimated to rise .4% versus a .5% increase in November.
Initial Jobless Claims for last week estimated at 340K versus 364K last week.
Continuing Claims estimated at 2773K versus 2840K prior.
Recommendations
Goldman Sachs reiterated Outperform on CAT, MCK and EBAY. Goldman reiterated Underperform on HRB.
Late-Night News
Asian indices are mixed as strength in India is being offset by weakness in Japan. The US Department of Justice filed court papers supporting a whistle-blower's lawsuit that accuses Apollo Group's University of Phoenix of paying counselors commissions to enroll students, the Wall Street Journal reported. Tourists from China who went abroad rose 55.4% to 23 million in 2004 from a year earlier, state-run Xinhua News Agency reported. News Corp. is interested in entering the video games industry, the Financial Times said. John R. Alkire, CIO at Morgan Stanley Asset & Investment Trust in Tokyo, expects the Nikkei 225 to rise as much as 23% this year, Bloomberg reported. The US SEC is preparing to charge the NYSE with not sufficiently monitoring its specialist floor-trading firms, the Wall Street Journal reported.
Late-Night Trading
Asian Indices are -.50%. to +.75% on average.
S&P 500 indicated +.09%.
NASDAQ 100 indicated +.22%.
BOTTOM LINE: I expect U.S. equities to open modestly higher in the morning on good economic reports and strength in technology shares. The Portfolio is 75% net long heading into tomorrow.
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