Thursday, September 03, 2009

Friday Watch

Late Buy/Sell Recommendations
Citigroup:

- Reiterated Buy on (PLCE), target $37.

- Reiterated Buy on (AOC), target $47.

- Downgraded (ANF) to Sell, target $24.

- Reiterated Buy on (HD), target $34.


Night Trading
Asian Indices are -.25% to +.50% on average.

Asia Ex-Japan Inv Grade CDS Index 133.0 -13.0 basis points.
S&P 500 futures -.07%.
NASDAQ 100 futures unch.


Morning Preview

BNO Breaking Global News of Note

Google Top Stories

Bloomberg Breaking News

Yahoo Most Popular Biz Stories

MarketWatch News Viewer

Asian Financial News

European Financial News

Latin American Financial News

MarketWatch Pre-market Commentary

U.S. Equity Preview

TradeTheNews Morning Report

Briefing.com In Play

SeekingAlpha Market Currents

Briefing.com Bond Ticker

US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Stock Quote/Chart
WSJ Intl Markets Performance
Commodity Futures
IBD New America
Economic Preview/Calendar
Earnings Calendar

Conference Calendar

Who’s Speaking?
Upgrades/Downgrades

Politico Headlines
Rasmussen Reports Polling


Earnings of Note
Company/EPS Estimate
- (HRB)/-.37


Economic Releases

8:30 am EST:

- The Change in Non-Farm Payrolls for August is estimated at -230K versus -247K in July.

- The Unemployment Rate for August is estimated to rise to 9.5% versus 9.4% in July.

- Average Hourly Earnings for August are estimated to rise .1% versus a .2% gain in July.


Upcoming Splits
- (ABVT) 2-for-1


Other Potential Market Movers
-
Treasury Secretary Geithner meeting with the G-20 Finance Ministers in London and the (CX) shareholders meeting could also impact trading today.


BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and technology shares in the region. I expect US equities to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

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