Night Trading
- Asian equity indices are -.5% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 66.75 +1.75 basis points.
- China Sovereign CDS 40.25 -.5 basis point.
- Bloomberg Emerging Markets Currency Index 66.24 +.07%.
- S&P 500 futures -.5%.
- NASDAQ 100 futures -.57%.
Earnings of Note
Company/Estimate
Before the Open:
- (AES)/.30
- (AGN)/3.57
- (BUD)/1.33
- (BCC)/.37
- (CRL)/1.39
- (CLVS)/-1.73
- (DF)/-.27
- (EMR)/.84
- (EXPD)/.83
- (IT)/.53
- (IPI)/.04
- (JEC)/1.13
- (JLL)/.67
- (LPX)/.14
- (MYL)/.80
- (REGN)/5.52
After the Close:
- (DDD)/-.01
- (EA)/.99
- (JAZZ)/3.126
- (LYFT)/-1.10
- (MYGN)/.43
- (PZZA)/.24
- (SGMS)/-.05
- (TRIP)/.32
- (WING)/.19
- (WYNN)/1.58
Economic Releases
10:00 am EST
- JOLTS Job Openings for March is estimated to rise to 7350 versus 7087 in February.
3:00 pm EST
- Consumer Credit for March is estimated to rise to $16.0B versus $15.19B in February.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Quarles speaking, Fed's Kaplan speaking, German Factory Orders report, weekly US retail sales reports, Senate Hearing on drug prices, Wells Fargo Industrials Conference, Oppenheimer Industrial Growth Conference, SunTrust Life Sciences Summit, (RDN) investor day, Deutche Bank Healthcare Conference and the (EHTH) analyst day could also impact trading today.
BOTTOM LINE:
Asian indices are mostly higher, boosted by commodity and industrial
shares in the region. I expect US stocks to open modestly lower and to
rally into the afternoon, finishing mixed. The Portfolio is 75% net long
heading into the day.
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