Bloomberg:
- Prices of coking coal, used to make steel, may fall 28% during the next two years as new mines start production, JPMorgan Chase said.
- Crude oil may decline again next week because of reduced global demand growth and surging stockpiles, a Bloomberg survey showed.
- Japan’s economy grew faster than expected in the third quarter, adding to signs spending by companies and consumers will sustain the longest expansion in eight years.
- A unit of J&J issued a warning on its birth control patch.
Business Week:
- Wachovia may consider buying Capital One Financial Corp., which issues Visa and MasterCard credit cards, to expand in the lucrative credit card market.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on NSM and CRL.
Night Trading
Asian Indices are -.25% to +1.0% on average.
S&P 500 indicated +.03%.
NASDAQ 100 indicated +.18%.
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 Producer Price Index for October is estimated to remain unchanged versus a 1.9% increase in September.
- The PPI Ex Food & Energy for October is estimated to rise .2% versus a .3% gain in September.
- Advance Retail Sales for October are estimated to fall .6% versus a .2% increase in September.
- Retail Sales Less Autos for October are estimated to rise .3% versus a 1.1% gain in September.
- Empire Manufacturing for November is estimated to rise to 15.0 versus a reading of 12.1 in October.
BOTTOM LINE: Asian indices are mostly higher, spurred by gains in technology shares in the region. I expect US equities to open mixed and rally later in the day. The Portfolio is 100% net long heading into the day.
No comments:
Post a Comment