Sunday, November 08, 2020

Monday Watch

Today's Headlines
Bloomberg:   
Wall Street Journal:
Barron's:
  • Had bullish commentary on (AAPL), (AMZN), (FB), (GOOG), (MAR), (WYNN), (APO), (VAC), (MA) and (TSLA).
Fox News:
CNBC:
Zero Hedge: 
  MarketWatch.com:   
Night Trading
  • Asian indices are +.75% to +1.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 62.25 -1.5 basis points.
  • China Sovereign CDS 32.75 -2.5 basis points.
  • Bloomberg Emerging Markets Currency Index 60.19 +.10%.
  • Bloomberg Global Risk-On/Risk Off Index 650.0 +50.0 points.
  • Volatility Index(VIX) futures 26.35 -3.0%. 
  • Euro Stoxx 50 futures +1.47%.
  • S&P 500 futures +1.56%.
  • NASDAQ 100 futures +1.98%.

Earnings of Note
Company/Estimate

Before the Open:
  • (CGC)/-.37
  • (CARS)/.39
  • (EBIX)/.99
  • (MCD)/1.90
  • (BTU)/-.81
  • (PLUG)/-.07
After the Close:
  • (BYND)/.05
  • (HAIN)/.19
  • (MYGN)/-.30
  • (NKLA)/-.33
  • (NCLH)/-2.22
  • (OXY)/-.72
  • (RNG)/.24
  • (SPG)/2.29
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The 3Y T-Note auction, Credit Suisse Healthcare Conference, German Trade Data report and the (MCD) investor update could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by technology and commodity shares in the region. I expect US stocks to open higher and to maintain gains into the afternoon.  The Portfolio is 50% net long heading into the week.

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