Bloomberg:
- The US dollar rose as Iran said it will reject UN demands to stop enriching uranium, raising speculation investors will seek safety in US government debt.
- Microsoft Corp.(MSFT) is in talks with personal-computer makers and retailers to offer discounted upgrades to its Windows Vista operating system to help bolster holiday sales.
- President Bush’s approval rating advanced to its highest level in six months as more Americans said he was handling terrorism well, according to a USA Today/Gallup Poll.
Commerical Times:
- Nanya Technology Corp. said strong demand for DRAM chips pushed up contract prices by 3% to 5% this week.
People’s Daily:
- Speculation China will allow for greater yuan gains is the “primary problem” for the nation’s economy.
Late Buy/Sell Recommendations
Morgan Stanley:
- Reiterated Overweight on (LOW), target $35.
Night Trading
Asian Indices are +.25% to +.75% on average.
S&P 500 indicated +.08%.
NASDAQ 100 indicated +.18%.
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
- (INTU)/-.04
- (JKHY)/.27
- (MDT)/.54
- (MYGN)/-.29
- (PERY)/-.29
- (TOL)/1.04
Upcoming Splits
- None of note
Economic Releases
- None of note
BOTTOM LINE: Asian indices are higher, boosted by automaking and commodity 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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