Bloomberg:
- China may announce rules his month aimed at curbing foreign investment in real estate.
- While steel shares are among the US stock market’s best performer’s this year, the total number of shares sold with borrowed money, or short interest, for companies in the S&P Steel Index rose 20% from February through May.
Reuters:
- Hewlett-Packard’s(HPQ) notebook-computer sales will rise during the next back-to-school season as consumers haven’t cut back on computer spending.
Late Buy/Sell Recommendations
- None of note
Night Trading
Asian Indices are +1.0% to +2.50% on average.
S&P 500 indicated +.10%.
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
- (CMVT)/.19
- (DLM)/.20
- (FDO)/.35
- (FINL)/.09
- (GTK)/.42
- (ISLE)/.56
- (ORCL)/.28
- (RAD)/.03
- (SLR)/.04
- (TEK)/.42
Upcoming Splits
- (DAKT) 2-for-1
- (EXPD) 2-for-1
- (TROW) 2-for-1
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to rise to 306K versus 295K the prior week.
- Continuing Claims are estimated to fall to 2415K versus 2425K prior.
10:00 am EST
- Leading Indicators for May are estimated to fall .5% versus a .1% decline in April.
BOTTOM LINE: Asian indices are higher, boosted by commodity and technology stocks in the region. I expect US equities to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
No comments:
Post a Comment