Monday, May 19, 2008

Tuesday Watch

Late Buy/Sell Recommendations
Citigroup:

- Reiterated Buy on (NKE), target $78.
- Rated (GNA) Buy, target $21.
- Reiterated Buy on (SYMC), raised target to $24.
- Reiterated Buy on (DKS), target $37.
- Reiterated Buy on (MAN), target $77.
- Reiterated Buy on (SNDK), target $35.

Night Trading
Asian Indices are -1.25% to unch. on average.
S&P 500 futures -.15%.
NASDAQ 100 futures -.22%.

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Before the Bell CNBC Video(bottom right)
Global Commentary
WSJ Intl Markets Performance
Commodity Movers
Top 25 Stories

Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Daily Stock Events
Upgrades/Downgrades
Rasmussen Business/Economy Polling

Earnings of Note
Company/EPS Estimate
- (AZO)/2.44
- (HD)/.37
- (SPLS)/.30
- (TGT)/.71
- (MDT)/.72
- (SKS)/.16
- (ADI)/.41
- (PVH)/.88
- (INTU)/1.33
- (HPQ)/.85

Upcoming Splits
- (WFT) 2-for-1

Economic Releases
8:30 am EST

- The Producer Price Index for April is estimated to rise .4% versus a 1.1% gain in March.
- The PPI Ex Food & Energy for April is estimated to rise .2% versus a .2% gain in March.

Other Potential Market Movers
- The weekly retail sales reports, IDB/TIPP Economic Optimism, (TMO) analyst meeting, Bear Stearns Global Transports Conference, JMP Securities Conference, UBS Global Oil & Gas Conference, Lehman Financial Services Conference and JPMorgan Technology Conference could also impact trading today.

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and real estate shares in the region. I expect US equities to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 75% net long heading into the day.

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