Bloomberg:
- Brazil’s central bank stepped up the pace of interest rate reductions today in a bid to shore up growth in Latin America’s biggest economy.
- Asian stocks rebounded from their biggest declines in nine months, led by Samsung Electronics and BHP Billiton.
- The Tokyo Stock Exchange may be forced to close early for a second day as transactions reached 2.2 million at the 11 am midday break, or more than half the limit the bourse has set to avoid overloading its computers.
Xinhua News Agency:
- China investigated 32,162 government officials for corruption during the first 11 months of last year and 18,755 of them were sentenced by courts, citing figures from the Supreme People’s Procuratorate.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on (MYL), (SEPR), (JNC), (BBG) and (CAH).
- Reiterated Underperform on (UNH), (ABC), (HBAN) and (MRK).
Night Trading
Asian Indices are +.50% to +1.50% on average.
S&P 500 indicated +.20%.
NASDAQ 100 indicated +.32%.
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
(BZH)1.96
(COF).94
(CMA)1.18
(DHI).94
(FFIV).45
(FCS).07
(FSL).38
(GNSS).24
(HDI).81
(HYSL).36
(IGT).27
(MER)1.29
(MCHP).32
(MOT).34
(PFE).42
(RMBS).08
(SFA).43
(UNH).66
(WB)1.11
(XLNX).26
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- Housing Starts for December are estimated to fall to 2035K versus 2132K in November.
- Building Permits for December are estimated to fall to 2100K versus 2163K in November.
- Initial Jobless Claims for last week are estimated to rise to 315K versus 309K the prior week.
- Continuing Claims are estimated to fall to 2682K versus 2702K prior.
12:00 pm EST
- Philly Fed. for January is estimated to rise to 13.0 versus 10.9 in December.
BOTTOM LINE: Asian indices are higher, boosted by tech companies and exporters in the region. I expect US equities to open mixed and to rally later in the day, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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