Bloomberg:
- Apple Computer is starting its iTunes online music download store in Japan from today, tapping into the company’s biggest market in Asia.
- China’s Baidu.com, a search engine that models itself on Google, is seeking to raise as much as $101 million in a US IPO today after raising the offer by 30% to meet investor demand.
London-based Times:
- Tupperware Corp. is in advanced talks to buy Sara Lee’s direct selling unit for $700 million.
China Daily:
- Chinese oil refiners increased their crude oil stockpile last year to enough to cover a month’s processing, reducing the need for imports in 2005.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on SBUX, ARO, BAC and AMGN.
- Reiterated Underperform on EDS.
Night Trading
Asian Indices are -.50 to unch. on average.
S&P 500 indicated -.03%.
NASDAQ 100 indicated -.06%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Global Commentary
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
AT/.85
AMLN/-.31
CMX/.46
CHK/.46
CSC/.55
G/.46
GSF/.27
GT/.22
HET/.93
PDLI/.05
PIXR/.10
SLE/.31
UVN/.25
WMB/.20
Upcoming Splits
None of note
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to rise to 315K versus 310K the prior week.
- Continuing Claims are estimated to fall to 2578K versus 2603K prior.
BOTTOM LINE: Asian indices are mostly lower on losses in automaker shares in the region. I expect US equities to open modestly lower and to rally later in the afternoon. The Portfolio is 100% net long heading into the day.
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