Bloomberg:
- South Korea’s economy grew at its slowest pace in more than a year in the second quarter as consumer spending cooled and construction fell.
- Motorola(MOT) introduced eight models including new versions of its top-selling Razr, in a push to extend market-share gains.
Financial Times:
- Societe Generale SA expects growth in derivatives to slow over the next five years after a boom in the market for products used by investors to hedge risks.
Wall Street Journal:
- Korea National Oil Corp. signed a $270 million agreement to buy Newmont Mining’s(NEM) BlackGold oil sands leases in Canada to get an entry into the Alberta oil sands region.
Xinhua News:
- China’s ruling Communist Party will crack down on corruption and set policies to curb investments to narrow a widening income gap between the nation’s urban population and 750 million farmers.
Late Buy/Sell Recommendations
- None of note
Night Trading
Asian Indices are +.75% to +1.50% on average.
S&P 500 indicated unch.
NASDAQ 100 indicated +.23%.
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
- (MMM)/1.07
- (AFL)/.71
- (ABC)/.53
- (AMZN)/.07
- (MO)/1.37
- (T)/.53
- (AVY)/.98
- (BJS)/.58
- (BYD)/.57
- (BNI)/1.21
- (CME)/3.09
- (CB)/1.16
- (CL)/.72
- (GLW)/.25
- (CFC)/1.13
- (CYMI)/.56
- (DBD)/.34
- (ESV)/1.23
- (FLEX)/.16
- (HMA)/.33
- (JBLU)/.04
- (LM)/1.13
- (LXK)/.84
- (LLTC)/.38
- (LMT)/1.16
- (MCD)/.58
- (MRO)/.92
- (PNRA)/.44
- (QLGC)/.20
- (RBAK)/.07
- (SIRF)/.19
- (SII)/.53
- (SWK)/.86
- (STN)/.63
- (UPS)/1.00
- (WY)/.95
- (WHR)/1.04
- (XLNX)/.26
- (XTO)/.83
Upcoming Splits
- (TNC) 2-for-1
Economic Releases
10:00 am EST
- Consumer Confidence for July is estimated to fall to 104.0 versus a reading of 105.7 in July.
- Existing Home Sales for June are estimated to fall to 6.6M versus 6.67M in May.
BOTTOM LINE: Asian indices are higher, boosted by technology and commodity stocks in the region. I expect US equities to open modestly higher and to maintain gains into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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