Tuesday, November 15, 2005

Wednesday Watch

Late-Night Headlines
Bloomberg:
- Oracle said the US Justice Department approved its proposed $5.85 billion acquisition of Siebel Systems, which will make the company the world’s largest maker of customer-service software.
- Liu Qibing, the deputy head of imports and exports at a Chinese government agency, was placed on leave in October, people who know him said, amid speculation he made losing bets on copper prices.

Financial Times:
- French Employment Minister Gerard Larcher said multiple marriages may be one factor behind more than two weeks of riots in French cities.

Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on AMT.

Night Trading
Asian Indices are unch. to +.25% 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
AMAT/.14
CHRS/.08
DHI/1.63
INTU/-.30
HP/.71
NTAP/.18
MDT/.54
PETM/.19
CRM/.04
TYC/.46

Upcoming Splits
- None of note

Economic Releases
8:30 am EST
- The Consumer Price Index for October is estimated to rise 0.0% versus a 1.2% increase in September.
- The CPI Ex Food & Energy for October is estimated to rise .2% versus a .1% gain in September.
- Business Inventories for September are estimated to rise .3% versus a .4% gain in August.

9:00 am EST
- Net Foreign Security Purchases for September are estimated to fall to $70.0B versus $91.3B in August.

1:00 pm EST
- The NAHB Housing Market Index for November is estimated to fall to 66 versus a reading of 67 in October.

BOTTOM LINE: Asian indices are mostly higher, boosted by exporters in the region after oil prices fell again. I expect US equities to open mixed and to trade modestly lower later in the day on further profit-taking. The Portfolio is 50% net long heading into the day.

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