Bloomberg:
- VeriSign Inc.(VRSN) and Harman International(HAR) will join the S&P 500 Index.
- Barclays Global Investors, the fund management unit of Barclays Plc, overtook rivals GLG Partners LP and Vega Asset Management as the largest European manager of hedge funds, according to Institutional Investor’s Alpha magazine.
USA Today:
- A widening split between Sunni insurgents in Iraq and foreign al-Qaeda fighters may help the US effort to persuade local rebels to join in the political process.
Financial Times:
- American Express(AXP), Converse Inc., the Gap Inc.(GPS) and Giorgio Armani SpA have agreed to sell products under a common brand to raise funds to combat the spread of Aids in Africa.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on (PSSI), (GNW), (GD), (BLS), (MDT), (MXIM), (COH), (AC), (QCOM), (SSCC) and (CL).
- Reiterated Underperform on (MKL).
Night Trading
Asian Indices are unch. to +.75% on average.
S&P 500 indicated +.10%.
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
(ACS)/.80
(AFFX)/.30
(AMGN)/.75
(T)/.45
(AVID)/.72
(BEBE)/.26
(BDX)/.76
(BOW)/-.13
(BRCM)/.44
(CAH)/.73
(CAT)/1.10
(CELG)/.05
(CPWR)/.09
(CNX)/.82
(ED)/.53
(DLB)/.09
(D)/.73
(DOW)/1.04
(LLY)/.78
(EMLX).29
(EL).56
(FDC)/.65
(BEN)/1.12
(GM)/-.16
(HON)/.62
(IR)/.77
(KLAC)/.47
(LM)/1.15
(MRO)3.02
(MCK)/.52
(MSFT)/.33
(BTU)/1.05
(PLAY)/.48
(DGX)/.62
(SNDK)/.62
(SIRI)/-.21
(SYK)/.48
(SY)/.37
(UPS)/.95
(VRSN)/.25
(VZ)/.64
Upcoming Splits
(CVBF) 5-for-4
Economic Releases
8:30 am EST
- Durable Goods Orders for December are estimated to rise 1.0% versus a 4.4% increase in November
- Durables Ex Transportation for December are estimated to rise 1.0% versus a .6% decline in November.
- Initial Jobless Claims for last week are estimated to rise to 300K versus 271K the prior week.
- Continuing Claims are estimated to rise 2600K versus 2543K prior.
BOTTOM LINE: Asian indices are higher on falling energy prices and reports of strong economic growth in the region. I expect US equities to open modestly lower and trade that way most of the day. The Portfolio is 50% net long heading into the day.
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