Friday, January 18, 2013

Friday Watch

Night Trading
  • Asian equity indices are -.25% to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 106.0 -4.0 basis points.
  • Asia Pacific Sovereign CDS Index 87.75 unch.
  • FTSE-100 futures +.01%.
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures -.16%.
Morning Preview Links

Earnings of Note

Company/Estimate
  • (PGR)/.34
  • (STT)1.00
  • (PH)/1.12
  • (MMR)/-.13
  • (STI)/.61
  • (SLB)/1.07
  • (GE)/.43
  • (JCI)/.51
  • (MS)/.27
  • (COL)/.89
  • (ED)/.73 
Economic Releases
9:55 am EST
  • Univ. of Mich. Consumer Confidence for January is estimated to rise to 75.0 versus 72.9 in December.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK retail sales report and the (DPZ) investor day could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by automaker and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.

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