Friday, May 28, 2010

Friday Watch

Evening Recommendations
Citigroup:
  • Upgraded (MFC) to Buy, target $21.
  • Upgraded (MDU) to Buy, target $22.50.
  • Reiterated Buy on (TRV), target $61.
  • Reiterated Buy on (TIF), target $55.
Thomas Weisel:
  • Upgraded (DECK) to Overweight, target $170.
Pacific Crest:
  • Upgraded (XLNX) to Outperform, target $33.
Night Trading
  • Asian indices are +.75% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 128.50 -17.0 basis points.
  • S&P 500 futures -.25%.
  • NASDAQ 100 futures -.25%.
Morning Preview Links

Earnings of Note
Company/Estimate
  • (QSII)/.49
Economic Releases
8:30 am EST
  • Personal Income for April is estimated to rise +.4% versus a +.3% gain in March.
  • Personal Spending for April is estimated to rise +.3% versus a +.6% gain in March.
  • The PCE Core for April is estimated to rise +.1% versus a +.1% gain in March.
9:45 am EST
  • Chicago Purchasing Manager for May is estimated to fall to 61.0 versus a reading of 63.8 in April.
9:55 am EST
  • The Final Univ. of Mich. Consumer Confidence reading for May is estimated at 73.3 versus a prior estimate for 73.3.
Upcoming Splits
  • (IDSA) 3-for-2
Other Potential Market Movers
  • The NAPM-Milwaukee Index and (LOW) shareholders meeting could also impact trading today.
BOTTOM LINE: Asian indices are higher, boosted by commodity and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

1 comment:

Anonymous said...

Love the previews