Bloomberg:
- Sony Corp.(SNE) shares headed for their biggest gain in 15 years, raising the company’s market value by $5 billion, as higher sales of Bravia TVs and Playstation game players helped generate record profit in its third quarter.
- US Senate Republican leaders said they have enough support to end debate on Supreme Court nominee Samuel A. Alito Jr. and confirm him next week as some Democrats staged a last-ditch filibuster to try to derail his confirmation.
Financial Times:
- EMC Corp.(EMC) may raise its full-year growth targets and plans acquisitions in 2006, citing an interview with Chairman and CEO Tucci.
Wall Street Journal:
- North Korea has become one of the leading international producers of counterfeit cigarettes, providing a source of financing for its nuclear weapons program.
Business Week:
- Microsoft(MSFT) is working on plans to develop its own portable digital media device that will challenge the iPod.
London-based Times:
- The “long-term chances of survival of the euro should be questioned,” citing Frits Bolkestein, the former EU Internal Market Commissioner.
Electronic Times:
- Research in Motion Ltd. may start offering its BlackBerry e-mail in South Korea in May through KT Powertel.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on (MSFT), (DHR), (T), (MEH), (MCK), (KLAC), (GNW) and (PFE).
- Reiterated Underperform on (FLWS), (UST), (BOW) and (MRO).
Night Trading
Asian Indices are +1.0% to +2.0% on average.
S&P 500 indicated +.27%.
NASDAQ 100 indicated +.74%.
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
(BOL)/1.20
(BDK)/1.90
(CVX)/1.89
(GCI)/1.41
(GDT)/.34
(ITT)/1.41
(MSTR)/1.34
(NUE)/1.88
(OSTK)/-.05
(PG)/.69
(RBK)/.58
(TROW)/.83
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- Advance 4Q GDP is estimated to rise 2.8% versus a 4.1% increase in 3Q.
- Advance 4Q Personal Consumption is estimated to rise .4% versus a 4.1% gain in 3Q.
- Advance 4Q GDP Price Index is estimated to rise 2.7% versus a 3.3% gain in 3Q.
10:000 am EST
- New Home Sales for December are estimated to fall to 1225K versus 1245K in November.
BOTTOM LINE: Asian indices are sharply higher on gains in US shares and reports of strong economic growth in the region. I expect US equities to open higher and build on gains throughout the day. The Portfolio is 100% net long heading into the day.
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