Bloomberg:
- Pakistan and the US will boost their cooperation in fighting Taliban and al-Qaeda terrorists on the border between Pakistan and Afghanistan, said Marine General Peter Pace.
- Verizon Communications(VZ) won a bid for more control over its high-speed networks after its US regulator freed it from rules on data services it sells to large businesses.
- The US dollar rose for a second day against the euro after Fed Chairman Bernanke said “the implications for future economic activity are positive rather than negative.”
- Crude oil traded near $60/bbl. amid speculation a report tomorrow will show US supplies last week rose to their highest in seven years.
Guardian:
- Expenditure on Internet advertising in the UK advanced about 73% in 2005 with revenue rising to over $1.93 billion, citing Advertising Association figures.
- BAE Systems Plc, Europe’s biggest weapons maker, may make a $10 billion offer for US defense electronics company L-3 Communications(LLL).
DigiTimes:
- Dell Inc.(DELL) cut orders for flat panel displays used for computer monitors in March by between 15% and 20%, reducing profits for manufacturers in South Korea and China.
Nihon Keizai:
- Toshiba Corp. will start selling the world’s first next-generation DVD player in Japan later this month.
Late Buy/Sell Recommendations
Wachovia:
- Rated (IRF), (CRUS), (SJI) and (ATG) Outperform.
Night Trading
Asian Indices are -.25% to +.25% on average.
S&P 500 indicated -.03%.
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
- (BMET)/.43
- (CMC)/1.00
- (DRI)/.65
- (DG)/.49
- (FDS)/.37
- (GME)/1.07
- (MKC)/.24
- (NKE)/1.10
- (PAYX)/.31
- (PVH)/.37
- (TDS)/.31
Upcoming Splits
- (TV) 4-for-1
Economic Releases
8:30 am EST
- The Producer Price Index for February is estimated to fall .2% versus a .3% gain in January.
- The PPI Ex Food & Energy for February is estimated to rise .1% versus a .4% gain in January.
BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity shares in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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