Late Buy/Sell Recommendations
Citigroup:
- Reiterated Sell on (WAG), target $27.
- Reiterated Buy on (ALTH), target $15.
CSFB:
- Downgraded (HOV) to Underperform, target $2.
Night Trading
Asian Indices are -.25% to +.50% on average.
S&P 500 futures +.02%.
NASDAQ 100 futures +.06%.
Morning Preview
BNO Breaking Global News of Note
Yahoo Most Popular Biz Stories
MarketWatch Pre-market Commentary
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
Who’s Speaking?
Upgrades/Downgrades
Politico Headlines
Rasmussen Reports Polling
Earnings of Note
Company/EPS Estimate
- (DLM)/.04
- (CIEN)/-.14
- (JTX)/-.70
- (COO)/.62
- (ESL)/.90
- (ZQK)/.03
- (NAV)/.66
Economic Releases
8:30 am EST:
- Initial Jobless Claims for last week are estimated to fall to 565K versus 570K the prior week.
- Continuing Claims are estimated to fall to 6125K versus 6133K prior.
10:00 am EST:
- The ISM Non-Manufacturing report for August is estimated to rise to 48.0 versus 46.4 in July.
Upcoming Splits
- (ABVT) 2-for-1
Other Potential Market Movers
- The Fed’s Fisher speaking, ICSC Chain Store Sales, weekly EIA natural gas inventory report and the ECB rate decision could also impact trading today.
BOTTOM LINE: Asian indices are slightly higher, boosted by mining and technology shares in the region. I expect US equities to open modestly higher and to weaken into the afternoon, finishing modestly lower. The Portfolio is 75% net long heading into the day.
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