Tuesday, December 06, 2005

Wednesday Watch

Late-Night Headlines
Bloomberg:
- Australia’s economy grew .2% in the third quarter, the slowest pace in a year, as the government cut spending and exports fell.
- Microsoft was found to have breached antitrust rules by South Korea, a ruling that may encourage regulators in Asia to challenge the company’s practice of selling programs in bundles.

Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on GNW, MUR, BLS and BEN.
- Reiterated Underperform on GM.

Night Trading
Asian Indices are +.25% to +.50% on average.
S&P 500 indicated -.02%.
NASDAQ 100 indicated +.06%.

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
CENT/.30
DCN/-.02
HOV/2.42
TTC/.10
VTS/.20

Upcoming Splits
- None of note

Economic Releases
10:30 am EST
- Bloomberg consensus estimates call for a weekly crude drawdown of 1.9 million barrels. Gasoline inventories are estimated to rise 1.05 million barrels and distillate supplies are expected to rise 1.75 million barrels. Finally, refinery utilization is expected to rise .5%.

3:00 pm EST
- Consumer Credit for October is estimated to rise to $5.0 billion versus -$.1 billion in September.

BOTTOM LINE: Asian indices are higher, boosted by 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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