Wednesday, October 28, 2020

Thursday Watch

Evening Headlines
Bloomberg:  
Wall Street Journal:
Fox News:
CNBC.com:
MarketWatch.com:          
NY Post: 
Zero Hedge:
Night Trading 
  • Asian equity indices are -1.75% to -.1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 69.0 +1.75 basis points.
  • China Sovereign CDS 39.25 +1.5 basis points.
  • Bloomberg Emerging Markets Currency Index 58.83 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index -646.0 +15.0 points.
  • Volatility Index(VIX) futures 34.70 -3.61%
  • FTSE 100 futures n/a.
  • S&P 500 futures +.79%.
  • NASDAQ 100 futures +.69%.
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (ALXN)/2.59
  • (ADS)/2.27
  • (AMT)/2.01
  • (BUD)/.77
  • (APTV)/.82
  • (BAX)/.72
  • (BWA)/.79
  • (BC)/1.32
  • (CCL)/-1.90
  • (CMCSA)/.51
  • (COP)/-.31
  • (DNKN)/.80
  • (DD)/.75
  • (FSS)/.38
  • (FCN)/1.36
  • (GPI)/6.55
  • (ICE)/.98
  • (IP)/.49
  • (K)/.86
  • (KHC)/.62
  • (MDC)/1.22
  • (MRNA)/-.37
  • (TAP)/1.03
  • (NEM)/.83
  • (OSK)/-.31
  • (OSTK)/-.31
  • (PENN)/.44
  • (PWR)/1.09
  • (RL)/.87
  • (RCL)/-4.95
  • (SHOP)/.50
  • (TROW)/2.44
  • (TPR)/.22
  • (YUM)/.79
After the Close:
  • (ATVI)/.65
  • (GOOG)/11.17
  • (AMZN)/7.36
  • (AAPL)/.70
  • (CAR)/.25
  • (CVNA)/-.29
  • (CAKE)/-.38
  • (DECK)/2.68
  • (LOCO)/.22
  • (ETH)/.35
  • (FB)/1.91
  • (FTNT)/.78
  • (ILMN)/.80
  • (MGM)/-1.02
  • (MHK)/2.14
  • (PSMT)/.60
  • (QDEL)/4.70
  • (SHAK)/-.21
  • (SKYW)/-.19
  • (SBUX)/.31
  • (TRUP)/.01
  • (TWTR)/.05
  • (X)/-1.40
  • (OLED)/.49
  • (VRTX)/2.32
  • (AUY)/.08
  • (ZEN)/.11
Economic Releases
8:30 am EST
  • Initial Jobless Claims for last week are estimated to fall to 770K versus 787K the prior week.
  • Continuing Claims are estimated to fall to 7775K versus 8373K prior.
  • 3Q GDP is estimated to rise +32.0% versus a -31.4% decline in 2Q.
  • 3Q Personal Consumption is estimated to rise +38.9% versus a -33.2% decline in 2Q.
  • 3Q GDP Price Index is estimated to rise +2.9% versus a -1.8% decline in 2Q. 
  • 3Q Core PCE QoQ is estimated to rise +4.0% versus a -.8% decline in 2Q.
10:00 am EST
  • Pending Home Sales MoM for Sept. is estimated to rise +3.0% versus a +8.8% gain in Aug.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The ECB decision/press conference, German Unemployment report, 7Y T-Note auction, weekly Bloomberg Consumer Comfort Index, weekly EIA natural gas inventory report, (VEEV) investor day and the (SCHW) fall business update could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by technology and consumer shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finished mixed. The Portfolio is 50% net long heading into the day.

1 comment:

Anonymous said...

Hope all is well, see you soon.