Thursday, March 13, 2014

Friday Watch

Night Trading
  • Asian equity indices are -1.25% to -.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 134.50 +5.0 basis points.
  • Asia Pacific Sovereign CDS Index 102.25 +2.25 basis points.
  • FTSE-100 futures -.30%.
  • S&P 500 futures +.16%.
  • NASDAQ 100 futures  +.19%.
Morning Preview Links

Earnings of Note

Company/Estimate
  • (ANN)/.07
  • (BWS)/.10
  • (BKE)/1.21
  • (CCL)/-.08
  • (EBIX)/.32
  • (HIBB)/.70
  • (KWK)/-.03
Economic Releases
8:30 am EST
  • PPI Final Demand for February is estimated to rise +.2% versus a +.2% gain in January.
  • PPI Ex Food & Energy for February is estimated to rise +.1% versus a +.2% gain in January.
9:55 am EST
  • Preliminary Univ. of Mich. Consumer Confidence for March is estimated to rise to 82.0 versus 81.6 in February.
Upcoming Splits
  • (ADES) 2-for-1
Other Potential Market Movers
  • The Fed's Fischer speaking, German CPI and the (H) investor meeting could also impact trading today.
BOTTOM LINE: Asian indices are lower, weighed down by technology and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.

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