Bloomberg:
- Asian semiconductor-related stocks are rising, led by NEC Electronics and Chartered Semiconductor Manufacturing, after Texas Instruments and Intel said sales will be better than expected.
Wall Street Journal:
- Boeing and the US Justice Dept. are negotiating a settlement of criminal charges stemming from a military procurement scandal that may mean the company pays as much as $500 million.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on ENH, DDR, NSM, CMX, EMC, DO and PFE.
- Reiterated Underperform on MKL.
Business Week:
- Earnings at CVS Corp.(CVS) are likely to rise because of revenue growth from the stores it bought from Eckerd Corp. last year.
- Chesapeake Energy(CHK) will likely see its shares climb as demand for energy grows in the aftermath of Hurricane Katrina.
- AMN Healthcare Services(AHS), which provides nurse staffing, is likely to benefit from the surge in demand for such services in the aftermath of Hurricane Katrina.
Night Trading
Asian Indices are -.50% to unch. on average.
S&P 500 indicated +.02%.
NASDAQ 100 indicated +.03%.
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
- None of note
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- The Import Price Index for August is estimated to rise 1.4% versus a 1.1% gain in July.
BOTTOM LINE: Asian indices are mostly lower as rising energy prices pressured exporters in the region. I expect US equities to open modestly lower and rally later in the afternoon. The Portfolio is 100% net long heading into the day.
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