Tuesday, April 12, 2005

Tuesday Watch

Late-Night Headlines
Bloomberg:
- Mentor Corp. and Inamed got doctors' support at a hearing today before US government advisors who will decide whether the companies' silicone breast implants are safe enough to end a 13-year ban on the devices.

Wall Street Journal:
- Northwest Airlines is close to an agreement to buy 18 Boeing 787 Dreamliner jets, whose list prices total about $2.1 billion.

Financial Times:
- China has drafted regulations to tighten control on government purchases of software developed by overseas companies.

Lloyd's List:
- Nasdaq Stock Market expects as many as 10 Greek shipowners to sell shares and list on its exchange this year.

Advertising Age:
- Sirius Satellite Radio expects to increase advertising sales to $100 million in 2007 from $1 million last year.

Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on SLB and Underperform on GPI, BMC.

Night Trading
Asian Indices are -.50% to +.25% on average.
S&P 500 indicated -.01%.
NASDAQ 100 indicated +.07%.

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
Analyst Actions
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule

Earnings of Note
Company/EPS Estimate
ABT/.58
AMTD/.16
CEN/.21
GCI/1.05
TZOO/.14

Splits
TTWO 3-for-2

Economic Releases
8:30 EST
- The Trade Balance for February is estimated to fall to -$59.0B versus -$58.3B in January.

2:00 EST
- Minutes of March 22 FOMC Meeting
- The Monthly Budget Statement for March is estimated to rise to -$69.3B versus -$72.7B in February.

BOTTOM LINE: Asian indices are mixed as gains in India are being offset by losses in China. I expect US equities to open modestly lower on a bounce in long-term interest rates and energy prices. The Portfolio is Market Neutral heading into tomorrow.

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