Bloomberg:
- UBS AG, the world’s largest money manager, is shunning stocks in Japan, while favoring US shares.
- France will deploy 4,000 policeman in the streets of Paris today to help ensure a protest march against a new labor law doesn’t turn violent again.
- An anti-addiction drug might help smokers keep pounds off while they try to quit, said researchers led by Stephanie O’Malley, psychiatry researcher at Yale Univ.
Wall Street Journal:
- Citigroup Inc.(C) may bid as much as $5 billion for Turkey’s Finansbank AS.
Economic Times:
- India’s Oil & Natural Gas cut production at its plants in Uran and Hazira because its customers including Indian Oil Corp. have surplus gas and have not been taking it from the company.
Financial Times:
- The growth in UK expenditure on advertising this year is estimated at $972 million and almost a third of that will be spent on the Internet, citing Zenith Optimedia.
- The value of mergers and acquisitions in the oil and gas industry tripled last year to $160 billion, the most since 1998.
Late Buy/Sell Recommendations
Citigroup:
- Reiterated Buy on CFC, target $45.
Night Trading
Asian Indices are +.25% to +.50% on average.
S&P 500 indicated -.07%.
NASDAQ 100 indicated -.06%.
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
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Earnings of Note
Company/EPS Estimate
- (FUL)/.27
- (LEN)/1.55
- (PAYX)/.31
- (RHAT)/.12
- (TIF)/.84
Upcoming Splits
- (JLG) 2-for-1
- (NTES) 4-for-1
- (UTIW) 3-for-1
Economic Releases
10:00 am EST
- Consumer Confidence for March is estimated to rise to 102.0 versus 101.7 in February.
2:00 pm EST
- The FOMC is expected to raise the Fed Funds Rate 25 basis points to 4.75%.
BOTTOM LINE: Asian indices are higher, boosted by technology and mining shares in the region. I expect US equities to open mixed and to trade modestly higher into the afternoon. The Portfolio is 100% net long heading into the day.
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