Monday, October 26, 2009

Tuesday Watch

Late Buy/Sell Recommendations
Citigroup:

- Downgraded (SE) to Sell, target $18.

- Reiterated Buy on (VFC), target $82.


Goldman Sachs:

- Upgraded (CAKE) to Buy.


Kaufman:

- Rated (INTC) Buy, target $25.


Night Trading
Asian Indices are -1.50% to -.75% on average.

Asia Ex-Japan Inv Grade CDS Index 106.0 +9.0 basis points.
S&P 500 futures -.23%.
NASDAQ 100 futures -.33%.


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
- (WYNN)/.16

- (IACI)/.00

- (X)/-2.88

- (VLO)/-.32

- (AMTD)/.24

- (CPLA)/.51

- (JCI)/.51

- (LLL)/1.85

- (UA)/.44

- (AKS)/.00

- (MCK)/.00

- (CEPH)/1.41

- (CRI)/.67

- (DV)/.65

- (ADVS)/.14

- (MEE)/.18

- (JLL)/.59

- (ILMN)/.20

- (NSC)/.78

- (APOL)/1.02

- (V)/.72

- (NSC)/.78

- (PNRA)/.58

- (BWLD)/.38


Economic Releases

10:00 am EST

- Consumer Confidence for October is estimated to rise to 53.5 versus 53.1 in September.


Upcoming Splits
- None of Note


Other Potential Market Movers
-
The Treasury’s Geithner speaking, S&P/CS Home Price Index, Richmond Fed Manufacturing, weekly retail sales reports, Treasury’s 2-year Note auction, API energy inventory data, (LTD) investor conference, (ELX) analyst meeting, Wells Fargo Consumer Conference, (BKS) investor presentation, BIOCOM Investor Conference and the ABC Consumer Confidence reading could also impact trading today.


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

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