Bloomberg:
- Mattel Inc.(MAT) is giving Ken the surfer look to woo back Barbie and help revive sales of its biggest line.
- Japan is preparing for a possible eruption of Mount Fuji 60 miles from Tokyo, the world’s biggest city, after increased seismic activity.
- Oil prices may fall again next week amid speculation that US inventories are sufficient to meet demand in the months ahead, a Bloomberg News survey shows.
- A three-year rally in Australia’s S&P/ASX 200 Index may slow as strategists trim expectations for resources stocks’ earnings growth this reporting season.
Financial Times:
- Apple Computer(AAPL) started a new free service that will let colleges publish lectures on the Internet.
Mercury News of San Jose:
- Craigslist, a provider of free Internet ad listings, is being sued by a Chicago civil rights group that says the closely held company violates fair housing laws.
Xinhua News Agency:
- China will complete construction of all major Olympic venues for the 2008 games by the end of this year, one year ahead of its revised schedule, citing the organizing committee.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on (RDEN), (TAP), (ENH), (CL), (NRG) and (MAR).
- Reiterated Underperform on (MHX).
Business Week:
- The shares of Medallion Financial(TAXI), which provides loans to taxicab owners for license medallions, may rise as prices for such medallions increase.
- STMicroelectronics NV(STM), the French-Italian semiconductor maker that lost 6.8% in 2005, will see its stock rise under new management and after cost cuts.
- Illumina Inc.(ILMN), which develops tools for use in genetic analysis, may rise as drug companies attempt to improve treatments by using genetic data.
Night Trading
Asian Indices are -.50% to +.50% on average.
S&P 500 indicated -.09%.
NASDAQ 100 indicated +.06%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
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Before the Bell CNBC Video(bottom right)
Global Commentary
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Earnings of Note
Company/EPS Estimate
(ACI)/.29
(CVH)/.80
(ODP)/.32
(PIXR)/.18
(RBK)/.58
Upcoming Splits
(EME) 2-for-1
Economic Releases
8:30 am EST
- The Trade Deficit for December is estimated to widen to -$65.0 billion versus -$64.2 billion in November.
2:00 pm EST
- The Monthly Budget surplus for November is estimated at $8.0 billion versus $8.6 billion in December.
BOTTOM LINE: Asian indices are lower, pressured by technology and exporting stocks in the region. I expect US equities to open mixed and to trade modestly lower into the afternoon. The Portfolio is 50% net long heading into the day.
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