Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.0 +.75 basis point.
- China Sovereign CDS 41.25 +1.0 basis point.
- Bloomberg Emerging Markets Currency Index 67.02 -.%.
- S&P 500 futures +.06%.
- NASDAQ 100 futures +.18%.
Earnings of Note
Company/Estimate
Before the Open:
- (ALXN)/2.19
- (ADS)/4.05
- (AB)/.54
- (MO)/.93
- (BAX)/.68
- (BWA)/.94
- (BMY)/1.08
- (CLF)/-.14
- (CMCSA)/.68
- (DHI)/.87
- (FCX)/.08
- (HSY)/1.47
- (HES)/-.27
- (ITW)/1.82
- (IP)/.93
- (NEM)/.27
- (ODFL)/1.57
- (RTN)/2.48
- (RS)/2.37
- (LUV)/.62
- (TSCO)/.61
- (UPS)/1.43
- (VLO)/.23
After the Close:
- (AFL)/1.06
- (ALK)/.15
- (AMZN)/4.66
- (BEAT)/.41
- (BGG)/.65
- (COF)/2.73
- (CERN)/.61
- (CY)/.24
- (DLR)/1.65
- (FII)/.56
- (FSLR)/-.12
- (F)/.27
- (ILMN)/1.35
- (INTC)/.87
- (JNPR)/.20
- (MAT)/-.55
- (MHK)/2.06
- (SKYW)/1.15
- (SBUX)/.57
- (WERN)/.47
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to rise to 200K versus 192K the prior week.
- Continuing Claims are estimated to rise to 1682K versus 1653K the prior week.
- Durable Goods Orders for March are estimated to rise +.8% versus a -1.6% gain in Feb.
- Durables Ex Transports for March are estimated to rise +.2% versus a -.1% decline in Feb.
- Cap Goods Orders Non-Defense Ex-Air for March are estimated to rise +.2% versus a -.1% decline in Feb.
11:00 am EST
- Kansas City Fed Manufacturing Activity Index for April is estimated to fall to 9.0 versus 10.0 in March.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Japan CPI report, $32B 7Y T-Note auction, weekly Bloomberg Consumer Comfort Index and the weekly EIA natural gas inventory report could also impact trading today.
BOTTOM LINE:
Asian indices are mostly higher, boosted by industrial and technology
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 day.
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