Monday, November 06, 2006

Tuesday Watch

Late-Night Headlines
- The US housing slump won’t spill over into the broader economy, which will continue to grow at a “moderate” pace, Cleveland Feederal Reserve Bank President Pianalto said.
- Microsoft(MSFT), trying to wring a profit from its Xbox video-game console, will use the player to rent and sell high-definition movies and television shows from CBS, MTV Networks and Warner Bros.
- Global oil demand is “far from robust,” said OPEC’s president Edmund Daukoru.
- Asia’s oil imports from Russia, Africa and Latin America may increase 11% in four years as the region cuts its reliance on oil from the Middle East, said an official from Petroliam Nasional Bhd., or Petronas.
- The Saudi Tadawul All Share Index has plunged 57.3% since February 25.

- Starwood Hotels & Resorts(HOT) are among hotel companies offering vacation packages designed for couples attempting to get pregnant.

China Securities Journal:
- China should raise its benchmark interest rates further to curb bank lending and investment, citing Yi Xianrong, a researcher at the government-backed Chinese Academy of Social Science.

Yonhap News:
- The Iranian military commander acknowledged his country obtained missiles from North Korea during Iran’s war with Iran.

Late Buy/Sell Recommendations
- Reiterated Buy on (XMSR), target $17.

Night Trading
Asian Indices are +.75% to +1.0% on average.
S&P 500 indicated -.07%.
NASDAQ 100 indicated -.07%.

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
- (ADRX)/.16
- (BZH)/1.64
- (CECO)/.29
- (CHD)/.49
- (DF)/.56
- (DRC)/.27
- (DISH)/.38
- (EMR)/1.20
- (EXPD)/.29
- (FCL)/.24
- (FTO)/1.09
- (GBE)/-.05
- (IGT)/.34
- (NFI)/1.07
- (RRD)/.66
- (SLE)/.25
- (STE)/.21
- (SRZ)/.30
- (TRLG)/.44
- (OATS)/.06
- (WYNN)/.06

Upcoming Splits
- None of note

Economic Releases
3:00 pm EST
- Consumer Credit for September is estimated at $6.0 billion versus $5.0 billion in August.

BOTTOM LINE: Asian indices are higher, boosted by technology, automaker and commodity shares in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.

No comments: