Bloomberg:
- Reliance Industries Ltd., whose shares have gained 8% in two days, plans to announce an oil discovery at the Krishna Godavari exploration area off India’s east coast.
- Carlos Slim Domit, the son of Mexico’s richest man, bought $288 million of Univision Communications stock(UVN) after the company put itself up for sale.
- China’s government said the surge in investment that drove the fastest economic growth in more than a year is a “problem,” increasing pressure on the central bank to restrict lending.
London-based Times:
- NYSE Group(NYX) may hire Goldman Sachs(GS) to advise it on a possible bid for London Stock Exchange or Euronext NV.
Late Buy/Sell Recommendations
Wachovia:
- Rated CVH and HUM Outperform.
Night Trading
Asian Indices are -.25% to +.25% on average.
S&P 500 indicated -.08%.
NASDAQ 100 indicated +.01%.
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
- (MO)/1.28
- (DOX)/.42
- (AH)/1.09
- (BAC)/1.00
- (BAX)/.40
- (BLS)/.53
- (BGG)/1.28
- (BRCM)/.34
- (COF)/2.06
- (CERN)/.27
- (CPS)/.45
- (LLY)/.75
- (EMC)/.14
- (FFIV)/.50
- (FDC)/.49
- (GM)/-.44
- (GOOG)/1.97
- (HSY)/.50
- (ITW)/1.25
- (IGT)/.30
- (MAR)/.72
- (MRK)/.72
- (NEM)/.32
- (NUE)/2.33
- (RYL)/1.72
- (SNDK)/.44
- (SGP)/.14
- (LUV)/.07
- (UPS)/.88
Upcoming Splits
- (GGB) 3-for-2
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to fall to 308K versus 313K the prior week.
- Continuing Claims are estimated to rise to 2439K versus 2424K prior.
10:00 am EST
- Leading Indicators for March is estimated to remain unchanged versus a .2% decline in February.
12:00 pm EST
- Philadelphia Fed for April is estimated to rise to 14.0 versus a reading of 12.3 in March.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology stocks in the region. I expect US equities to open mixed and to rally modestly into the afternoon. The Portfolio is 100% net long heading into the day.
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