Wednesday, April 26, 2006

Thursday Watch

Late-Night Headlines
Bloomberg:
- McDonald’s(MCD) plans to sell about 5 million shares in Chipotle Mexican Grill, the fast-food chain that went public in January.

Maeil Business:
- Shares of Reigncom Co., a South Korean maker of portable music players, rose on a report the company is in talks to team up with Microsoft(MSFT) to take on iPod maker Apple Computer(AAPL).

AP:
- A US Senate panel will say tomorrow that the Federal Emergency Management Agency(FEMA) can’t be repaired and should be shut down.

Late Buy/Sell Recommendations
Citigroup:
- Removed (EBAY) from Focus List.

Night Trading
Asian Indices are unch. to +.50% on average.
S&P 500 indicated +.08%.
NASDAQ 100 indicated +.09%.

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
- (AET)/.63
- (ACS)/.86
- (ALTR)/.20
- (APCC)/.12
- (APC)/2.92
- (APA)/2.13
- (BZH)/2.27
- (BEBE)/.14
- (BDK)/1.39
- (BWA)/1.05
- (BMY)/.32
- (CAH)/.86
- (CELG)/.07
- (CHIR)/.31
- (CMCSA)/.14
- (CNX)/1.19
- (CAM)/.41
- (DECK)/.24
- (DPZ)/.37
- (DOW)/1.17
- (XOM)/1.46
- (FII)/.49
- (BEN)/1.20
- (GNW)/.65
- (HET)/.92
- (HIG)/2.11
- (ISRG)/.20
- (K)/.63
- (KLAC)/.56
- (LIZ)/.59
- (MRO)/2.35
- (MBI)/1.39
- (MFE)/.29
- (MGM)/.52
- (MSFT)/.33
- (OMX)/.33
- (PD)/2.58
- (RTN)/.53
- (RAI)/1.87
- (ROK)/.75
- (SPF)/1.28
- (HOT)/.34
- (WEN)/.46
- (WDC)/.38
- (XEL)/.31
- (XMSR)/-.55

Upcoming Splits
- (PDX) 2-for-1
- (BAM) 3-for-2

Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to rise to 305K versus 303K the prior week.
- Continuing Claims are estimated to rise to 2441K versus 2439K prior.

BOTTOM LINE: Asian indices are mostly higher, boosted by auto stocks in the region. I expect US equities to open modestly higher and to fade into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.

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