Tuesday, October 04, 2005

Tuesday Watch

Late-Night Headlines
Bloomberg:
- Chesapeake Energy said it agreed to buy Columbia Natural Resources LLC from Triana Energy Holdings LLC for $2.2 billion in cash to take advantage of rising natural-gas prices.
- Nissan Motor and Honda Motor, Japan’s No.2 and No.3 automakers, sold more small cars such as Nissan’s Sentra in the US last month, as Asian companies boosted their market share on demand for fuel-efficient vehicles.
- Australian mining engineers fresh out of college are earning as much as 60% more than graduates hired by investment banks as China’s commodities boom saps talent sought by producers including BHP Billiton.

Wall Street Journal:
- The US Agriculture Dept. plans to start testing seemingly healthy cattle for mad-cow disease.

Reuters:
- The Fed’s Guynn says that a “great deal” of policy accommodation has been removed.

Commercial Times:
- Quanta Computer’s global market share may rise in the second half on robust demand for notebook computers.

Taiwan News:
- The Taiwan government will ask Google to change its description of the island as a province of China.

Late Buy/Sell Recommendations
Goldman Sachs:
- None of note

Night Trading
Asian Indices are +.25% to +1.0% on average.
S&P 500 indicated +.02%.
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
- None of note

Upcoming Splits
- None of note

Economic Releases
10:00 am EST
- Factory Orders for August are expected to rise 2.0% versus a 1.9% decline in July.

BOTTOM LINE: Asian indices are higher, boosted by exporting companies in the region after the US dollar gained against the yen. I expect US equities to open modestly higher, led again by tech shares. The Portfolio is 100% net long heading into the day.

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