Sunday, April 28, 2019

Monday Watch

Night Trading
  • Asian indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 64.25 +.5 basis point.
  • China Sovereign CDS 41.25 +1.25 basis points.
  • Bloomberg Emerging Markets Currency Index 66.53 +.03%.
  • FTSE 100 futures +.19%.
  • S&P 500 futures +.02%.
  • NASDAQ 100 futures +.01%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AMG)/3.26
  • (AWI)/.94
  • (DO)/-.59
  • (L)/.96
  • (MDR)/.10
  • (SOHU)/-1.47
After the Close:
  • (AKS)/.14
  • (GOOG)/10.26
  • (BRKS)/.10
  • (CGNX)/.16
  • (ETH)/.18
  • (MGM)/.23
  • (NXPI)/1.55
  • (OII)/-.45
  • (SANM)/.74
  • (THC)/.29(RIG)/-.31
  • (VNO)/1.32
  • (WDC)/.47
  • (YUMC)/.55
Economic Releases
8:30 am EST
  • Personal Income for March is estimated to rise +.4% versus a +.2% gain in February.
  • Personal Spending for March is estimated to rise +.7%.
  • The PCE Core MoM for March is estimated to rise +.1%.
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for April is estimated to rise to 10.1 versus 8.3 in March.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone Industrial Production report could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to strengthen into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.

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