Wednesday, July 26, 2006

Thursday Watch

Late-Night Headlines
Bloomberg:
- Hezbollah’s expanded arsenal of guided missiles and rockets is drawing Israeli forces into an increasingly deadly ground war in southern Lebanon as they attempt to locate and destroy the hidden weapons.

Late Buy/Sell Recommendations
- None of note

Night Trading
Asian Indices are +.25% to +1.0% on average.
S&P 500 indicated +.05%.
NASDAQ 100 indicated +.02%.

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
- (AYE)/.17
- (AEP)/.54
- (APCC)/.17
- (APC)/1.27
- (APA)/1.99
- (BZH)/2.35
- (AN)/.43
- (BSX)/.17
- (BMY)/.32
- (CA)/.13
- (CELG)/.10
- (CEN)/.22
- (CHK)/.72
- (CMCSA)/.20
- (CNX)/.63
- (CMI)/3.48
- (DECK)/.05
- (DRIV)/.37
- (DOW)/1.13
- (XOM)/1.64
- (FFIV)/.51
- (FO)/1.50
- (GRMN)/.94
- (GNW)/.68
- (HET)/1.02
- (K)/.65
- (KMG)/1.11
- (KLAC)/.58
- (LLL)/1.21
- (MEE)/.45
- (MBI)/1.43
- (MFE)/.31
- (MCK)/.62
- (NEM)/.46
- (NOC)/1.08
- (OMX)/.13
- (RTN)/.62
- (RCL)/.53
- (SOHU)/.18
- (STA)/1.29
- (HOT)/.59
- (TLAB)/.14
- (THQI)/-.20
- (TDW)/1.10
- (WEN)/.53
- (XMSR)/-.67

Upcoming Splits
- (MON) 2-for-1

Economic Releases
8:30 am EST
- Durable Goods Orders for June are estimated to rise 2.0% versus a .2% decline in May.
- Durables Ex Transportation for June are estimated to rise .7% versus a .8% increase in May.
- Initial Jobless Claims for last week are estimated to rise to 310K versus 304K the prior week.
- Continuing Claims are estimated to fall to 2458K versus 2505K prior.

10:00 am EST
- New Home Sales for June are estimated to fall to 1150K versus 1234K in May.

BOTTOM LINE: Asian indices are higher, boosted by exporting stocks in the region. I expect US equities to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.

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