Thursday, October 22, 2015

Friday Watch

Posted by Gary .....at 9:59 PM
Evening Recommendations 
Piper:
  • Raised (MCD) to Overweight.
Night Trading
  • Asian equity indices are +.50% to +1.50% on average.
  • Asia Ex-Japan Investment Grade CDS Index 135.25 -4.75 basis points.
  • Asia Pacific Sovereign CDS Index 74.25 -4.0 basis points.
  • Bloomberg Emerging Markets Currency Index 72.48 +.19%. 
  • S&P 500 futures +.21%.
  • NASDAQ 100 futures +.46%.

Earnings of Note
Company/Estimate
  • (AAL)/2.72
  • (ALV)/1.45
  • (B)/.64
  • (COG)/.00
  • (LEA)/2.37
  • (LYB)/2.57
  • (PG)/.94
  • (RCL)/2.71
  • (STT)/1.24
  • (TEN)/1.20
  • (VFC)/1.12
  • (WHR)/3.29
Economic Releases
9:45 am EST
  • The Preliminary Markit US Manufacturing PMI for October is estimated to fall to 52.7 versus 53.1 in September. 
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PMI report and the China Home Price report could also impact trading today.
BOTTOM LINE: Asian indices are higher, boosted by technology and commodity shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 50% net long heading into the day.

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