Bloomberg:
- SAP AG said first-quarter profit rose 11% as the company gained market share and increased sales in the US and Asia.
AP:
- Two investigators working on the UN/Iraq oil-for-food scandal quit in protest, saying they felt the conclusions played down criticisms of Secretary General Kofi Annan.
Financial Times:
- Liberty Media International may use $6 billion of its cash and liquid assets for investments in cable-television businesses in Japan and Europe.
Electronic Times:
- MasterCard International will team up with South Korean mobile phone operator SK Telecom to offer payment services via mobile phones.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on UTX, MSFT, EBAY, MDT, COF, YUM, TMK, AWA, ALL, FORM, CVD, ACN, DOX, EBAY and CAL.
- Reiterated Underperform on BE, AZR and TER.
Night Trading
Asian Indices are -.1.0% to +.25% on average.
S&P 500 indicated +.22%.
NASDAQ 100 indicated +.25%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
Company/EPS Estimate
ADP/.57
ATI/.46
AT/.82
ABC/.79
AMGN/.67
T/.59
BAX/.34
BEBE/.18
BLS/.38
BRCM/.22
CZR/.22
CMI/1.57
DAL/4.76
GOOG/.92
GDT/.62
HCA/.88
IR/1.18
IGT/.31
KRB/.46
MCD/.43
MRK/.59
NUE/2.05
ODP/.41
SNDK/.32
SGP/.01
SIRI/-.14
UPS/.73
VLO/1.97
WY/1.14
WHR/1.11
XLNX/.20
YELL/.91
Splits
None of note
Economic Releases
8:30 EST
- Initial Jobless Claims for last week are estimated to remain at 330K.
- Continuing Claims are estimated to fall to 2655K versus 2664K prior.
10:00 EST
- Leading Indicators for March are estimated to fall .3% versus a .1% increase in February.
12:00 EST
- Philadelphia Fed. for April is estimated to fall to 10.7 versus a reading of 11.4 in March.
BOTTOM LINE: Asian indices are mostly lower on concerns over hawkish comments by the US Fed. I expect US equities to open modestly lower on a continuation of today's sell-off and worries over slowing growth. The Portfolio is 25% net long heading into tomorrow.
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