Bloomberg:
- China, the world’s largest importer of soybeans, increased purchases of the oilseed and animal feed by 27% in March as bird flu concerns dropped.
Fox News:
- Fox News commentator Tony Snow is “highly likely” to accept the position of White House press secretary.
Financial Times:
- US investors have put $68 billion in international mutual funds this year, more than twice the amount they have poured into US funds, citing TrimTabs Investment Research. The data suggests that US retail investors are fueling the mania for emerging market equities.
Koran Tempo:
- PT Astra Agro Lestari, Indonesia’s biggest publicly traded agriculture company, expects to start commercial operations on making biodiesel fuel from palm oil within about 3 years.
Late Buy/Sell Recommendations
- None of note
Night Trading
Asian Indices are -.75% to unch. on average.
S&P 500 indicated -.02%.
NASDAQ 100 indicated -.07%.
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
- (AFL)/.70
- (AGR)/.08
- (AMZN)/.12
- (T)/.48
- (BJS)/.53
- (BYD)/.73
- (EAT)/.61
- (BNI)/1.04
- (CDWC)/.74
- (CEC)/.83
- (CEN)/.23
- (CKFR)/.38
- (COH)/.27
- (CVG)/.25
- (GLW)/.23
- (DBD)/.23
- (ENR)/.73
- (ESV)/.89
- (FRX)/.35
- (HCA)/.89
- (IMCL)/.83
- (IM)/.34
- (JEC)/.73
- (JBLU)/-.20
- (LLL)/1.11
- (LH)/.74
- (LXK)/.69
- (LMT)/1.14
- (LU)/.03
- (MCHP)/.35
- (NOC)/.99
- (SWK)/.44
- (VLO)/1.32
- (VMC)/.65
- (WHR)/1.50
Upcoming Splits
- None of note
Economic Releases
10:00 am EST
- Consumer Confidence for April is estimated to fall to 106.2 versus a reading of 107.2 in March.
- Existing Home Sales for March are estimated to fall to 6.67M versus 6.91M in February.
BOTTOM LINE: Asian indices are mostly lower, boosted by financial and retail stocks in the region. I expect US equities to open modestly lower and to rally modestly into the afternoon, finishing mixsed. The Portfolio is 50% net long heading into the day.
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