Bloomberg:
- Crude oil is falling a second day in NY after US supplies approached 9 year highs and gasoline demand stagnated.
- Harrah’s Entertainment(HET), one of four bidders for Singapore’s first casino, said it’s betting on “star” partners such as director James Cameron in its proposal to help bring more than 10,000 visitors a day to the project.
South China Morning Post:
- About 60% of newly constructed houses in Beijing remained unsold at the end of April.
Late Buy/Sell Recommendations
span style="font-style:italic;">Goldman Sachs:
- Rated THI Outperform.
Night Trading
Asian Indices are -.50% to +1.0% on average.
S&P 500 indicated unch.
NASDAQ 100 indicated unch.
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
- (ATVI)/-.08
- (AEE)/.53
- (ADRX)/.20
- (AOC)/.63
- (AVID)/.39
- (BRL)/.74
- (CNO)/.46
- (CVS)/.38
- (EK)/.05
- (EL)/.39
- (GT)/.24
- (JAH)/.04
- (KMG)/2.11
- (KSE)/1.39
- (LVS)/.34
- (MVL)/.12
- (MCK)/.68
- (NWS/A)/.20
- (OII)/.72
- (PPL)/.58
- (PWR)/.03
- (STN)/.69
- (STRA)/1.03
- (SFY)/1.05
- (TEX)/.81
- (RIG)/.48
- (TYC)/.42
- (UVN)/.15
- (WMB)/.26
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- Preliminary 1Q Non-farm Productivity is estimated to rise 3.0% versus a .5% decline in 4Q.
- Preliminary 1Q Unit Labor Costs are estimated to rise 1.2% versus a 3.3% gain in 4Q.
- Initial Jobless Claims for last week are estimated to fall to 310K versus 315K the prior week.
- Continuing Claims are estimated to rise to 2450K versus 2449K prior.
BOTTOM LINE: Asian indices are mixed as strength in technology stock is being offset by weakness in commodity stocks in the region. I expect US equities to open mixed and to trade modestly higher into the afternoon. The Portfolio is 75% net long heading into the day.
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