Tuesday, March 03, 2009

Tuesday Watch

Late Buy/Sell Recommendations
Citigroup:

- Reiterated Buy on (INTC), target $16.


Night Trading
Asian Indices are -1.75% to +.25% on average.
S&P 500 futures +1.29%.
NASDAQ 100 futures +.90%.


Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Global Commentary
WSJ Intl Markets Performance
Commodity Futures
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Earnings Calendar

Conference Calendar

Who’s Speaking?
Upgrades/Downgrades
Rasmussen Business/Economy Polling


Earnings of Note
Company/EPS Estimate
- (AZO)/1.85

- (CHS)/-.17

- (JTX)/.73

- (TECD)/.72

- (PAY)/.15

- (KCP)/-.28


Economic Releases

10:00 am EST

- Pending Home Sales for January are estimated to fall 3.5% versus a 6.3% increase in December.


Afternoon:

- Total Vehicle Sales for February are estimated to fall to 9.4M versus 9.6M in January.


Upcoming Splits
- None of note


Other Potential Market Movers
- The Fed’s Lockhart speaking, Bernanke’s Testimony Before Senate Budget Committee, weekly retail sales reports, (SD) analyst conference, (BP) strategy presentation, (JAH) analyst day, (EAC) analyst meeting, (LMNX) analyst meeting, (ARRS) analyst meeting, Deutsche Bank Media/Telecom Conference, Citi Global Property Conference, Sandler O’Neill Financial Services Conference and Morgan Stanley Tech Conference could also impact trading today.


BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and utility stocks in the region. I expect US equities to open modestly higher and to maintain gains into the afternoon. The Portfolio is 50% net long heading into the day.

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