Tuesday, December 06, 2005

Tuesday Watch

Late-Night Headlines
Bloomberg:
- The SEC said it will allow drug makers to record immediately sales of life-saving vaccines stockpiled by the federal government for future pandemics such as avian flu.
- Confidence among CEOs of small- and medium-sized US companies rebounded from a two-year low as energy prices ebbed, according to a private survey by TEC Intl.

Financial Times:
- Coca-Cola will start its $25 million bottling plan in Afghanistan this week after an absence of more than 15 years.

South China Morning Post:
- Chinese Premier Wen Jiabao said he’s “very concerned” about the political situation in Hong Kong after a pro-democracy march drew more than 80,000 people in the city.

Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on USB, WFC, KO, EBAY, BAC and AMP.

Night Trading
Asian Indices are -.25% to +.50% on average.
S&P 500 indicated +.07%.
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
AZO/1.54
BRCD/.05
CMTL/.42
CMVT/.15
FLS/.28
KEGS/.20
KR/.25
PLL.21
SAFM/.68
SHLD/.28

Upcoming Splits
- None of note

Economic Releases
8:30 am EST
- Final 3Q Non-farm Productivity is estimated to rise 4.5% versus a prior estimate of a 4.1% increase.
- Final 3QUnit Labor Costs are estimated to fall .9% versus a prior estimate of a .5% decline.
- Factory Orders for October are estimated to rise 2.3% versus a 1.7% decline in September.
- Pending Home Sales for October are estimated to fall 1.2% versus a .3% decline in September.

BOTTOM LINE: Asian indices are mixed as strength in energy shares is offsetting weakness in exporting shares in the region. I expect US equities open mixed and to rally modestly into the afternoon. The Portfolio is 100% net long heading into the day.

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