Bloomberg:
- Mississippi Governor Haley Barbour proposed moving casinos moored on the Mississippi River or along the state’s coast inland, in response to Hurricane Katrina damage.
Financial Times:
- SanDisk Corp., the world’s biggest flash-memory card maker, and music company EMI Group Plc have developed a music storage card that may replace CDs and DVDs.
- Deutsche Post AG’s DHL package-delivery unit may plan to start a chain of retail outlets in the US.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on BC and PAYX.
- Reiterated Underperform on HCC and MKL.
Night Trading
Asian Indices are +.25% to +.75% on average.
S&P 500 indicated +.02%.
NASDAQ 100 indicated unch.
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
MKC/.34
RHAT/.07
RECN/.28
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- Durable Goods Orders for August are estimated to rise .7% versus a 4.9% decline in July.
- Durables Ex Transportation for August are estimated to rise 1.0% versus a 3.2% decline in July.
10:30 am EST
- Platt's estimates weekly crude inventories fell 2.7 million barrels, gasoline inventories fell 3.25 million barrels, distillate inventories declined 2.25 million barrels and refinery utilization dropped 9.5%.
BOTTOM LINE: Asian indices are higher, boosted by Financial companies in the region after S&P raised their debt ratings. I expect US equities to open mixed. However, stocks may rally later in the afternoon on short-covering ahead of quarter’s end. The Portfolio is 75% net long heading into the day.
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