Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 63.75 +.5 basis point.
- China Sovereign CDS 42.0 +1.0 basis point.
- Bloomberg Emerging Markets Currency Index 67.21 -.01%.
- S&P 500 futures -.03%
- NASDAQ 100 futures +.02%.
Earnings of Note
Company/Estimate
Before the Open:
- (ATI)/.11
- (CIT)/1.07
- (KO)/.46
- (FITB)/.39
- (HOG)/.86
- (HAS)/-.11
- (IPI)/.04
- (JBLU)/.12
- (LMT)/4.34
- (NUE)/1.51
- (PII)/.91
- (PG)/1.04
- (PHM)/.47
- (DGX)/1.38
- (SHW)/3.68
- (STT)/1.21
- (TWTR)/.15
- (UTX)/1.72
- (VZ)/1.16
- (WAT)/1.73
After the Close:
- (CP)/3.00
- (EBAY)/.63
- (MANH)/.34
- (RHI)/.95
- (SYK)/1.84
- (AMTD)/.92
- (TER)/.44
- (TNX)/1.16
- (VMI)/1.74
Economic Releases
9:00 am EST
- The FHFA House Price Index MoM for Feb. is estimated to rise +.5% versus a +.6% gain in Jan.
10:00 am EST
- Richmond Fed Manufacturing Index for April is estimated at 10.0 versus 10.0 in March.
- New Home Sales for March is estimated to fall to 650K versus 667K in Feb.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Eurozone PMI report, $40B 2Y T-Note auction and the US weekly retail sales reports could also impact trading today.
BOTTOM LINE:
Asian indices are mostly higher, boosted by commodity 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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