Bloomberg:
- Toyota Motor, Nissan Motor and Honda Motor, Asia’s largest automakers, raised US sales in July at least 8% each and lost market share as US rivals’ discounts drew even more buyers.
Wall Street Journal:
- Adidas-Saloman AG, the world’s second-largest sporting-goods maker, is in talks to acquire Reebok International Ltd.
- Sony Corp. was voted for the sixth consecutive year in the US the best brand in a Harris Interactive poll.
London-based Times:
- JPMorgan Chase may spend as much as $4 billion in strengthening its US retail banking unit.
China Daily:
- Dell expects to open its second China factory in the first quarter of 2006, helping to double its output of personal computers in the country.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on COH, NFP and PAYX.
- Reiterated Underperform on MKL, CHTR, HCC, SIRI, BMC and VICL.
Night Trading
Asian Indices are unch. to +1.0% on average.
S&P 500 indicated -.06%.
NASDAQ 100 indicated -.09%.
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
CKFR/.38
CI/1.55
CVS/.31
DVN/1.26
DUK/.38
EDS/-.03
FSH/.87
OSTK/-.22
QSII/.34
SINA/.21
TWX/.18
Upcoming Splits
BBY 3-for-2
Economic Releases
10:00 am EST
- ISM Non-Manufacturing for July is estimated to fall to 61.5 versus a reading of 62.2 in June.
10:30 am EST
- Platt’s is estimating crude inventories to fall 1.9M barrels, gasoline inventories to fall 1 million barrels and distillate inventories to rise 1.8M barrels.
BOTTOM LINE: Asian indices are mostly higher on gains in exporting 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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