Wednesday Watch

Late-Night Headlines
Bloomberg:
- Chevron Corp.(CVX), the second-largest US oil company, said third-quarter net income was “significantly below” the record $5.4 billion the company earned in the April-June period.
- Saudi Aramco plans to increase oil exports to China by at least 9% this year, said two company officials.

MarketWatch.com:
- Retailers may see slowest gain in five months as eighth-warmest September in 113 years chills demand for cold-weather apparel.
- Is Google(GOOG) a better buy than Yahoo!? At $600, Web search giant still has lower valuation than rival.

CNNMoney.com:
- Carly Fiorina to join Fox Business Channel. The media company says Former HP chief, ‘one of the foremost business leaders of our time,’ will join Fox Business Channel when it launches.
- 35 Best Places to Retire.

IBD:
- Inflation Worries? Not For Fed, Which Focuses On Growth.

c/net News.com:
- Under mounting pressure from their Republican colleagues, the Democrats on a US House of Representatives panel have finally scheduled a vote on a bill that would extend by four years a soon-to-expire federal ban on Internet access taxes.

USA Today.com:
- Personal chefs aren’t just for the rich anymore.

Reuters:
- Goldman Sachs(GS) shares hit all-time high.

Late Buy/Sell Recommendations
Citigroup:
- Reiterated Buy on (GILD), target $51.

Night Trading
Asian Indices are +.50% to +1.25% on average.
S&P 500 futures -.11%.
NASDAQ 100 futures -.11%.

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
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Before the Bell CNBC Video(bottom right)
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Commodity Movers
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Today in IBD
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Economic Preview/Calendar
Daily Stock Events
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Rasmussen Business/Economy Polling
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Earnings of Note
Company/EPS Estimate
- (COST)/.83
- (HST)/.13
- (PGR)/.37
- (MON)/-.16
- (RT)/.21
- (LRCX)/1.26
- (SCHN)/1.34

Upcoming Splits
- None of note

Economic Releases
10:00 am EST
- Wholesale Inventories for August are estimated to rise .3% versus a .2% gain in July.

10:30 am EST
- Bloomberg consensus estimates call for a 1,250,000 barrel crude oil build versus a 1,138,000 barrel increase the prior week. Gasoline supplies are expected to fall by 350,000 barrels versus a 41,000 barrel decline the prior week. Distillate Inventories are estimated to fall by 750,000 barrels versus a 1,173,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to remain unch. versus a .59% increase the prior week.

Other Potential Market Movers
- The Fed’s Rosengren speaking, (HRL) analyst meeting, (PETM) analyst meeting, (MSCC) analyst day, (MMM) investor day, (BFF) investor meeting, Biotechnology Industry Organization Investor Forum could also impact trading today.

BOTTOM LINE: Asian indices are higher, boosted by commodity and automaker stocks in the region. I expect US equities to open mixed and to finish mixed. The Portfolio is 100% net long heading into the day.