Monday, August 02, 2021

Tuesday Watch

Evening Headlines
Bloomberg:      
Wall Street Journal:
Fox News:
CNBC.com:
Zero Hedge:
Newsmax:
TheGatewayPundit.com:
The Epoch Times:
Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 89.75 -.25 basis point.
  • China Sovereign CDS 39.0 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 60.20 +.03%.
  • Bloomberg Global Risk-On/Risk Off Index 2,562.0 +12.0 points.
  • Volatility Index(VIX) futures 22.3 -1.9%.
  • FTSE 100 futures -.04%.
  • S&P 500 futures +.29%.
  • NASDAQ 100 futures +.20%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (BABA)/14.29
  • (ATI)/-.19
  • (BP)/.10
  • (CLX)/1.31
  • (COP)/1.13
  • (CMI)/4.03
  • (DISCA)/.83
  • (DISH)/.86
  • (DD)/.95
  • (ETN)/1.57
  • (LLY)/1.89
  • (EXPD)/1.63
  • (IT)/1.73
  • (IGT)/.23
  • (LDOS)/1.58
  • (LGIH)/3.91
  • (LPX)/4.38
  • (MAR)/.46
  • (NKLA)/-.40
  • (PSX)/.60
  • (PBI)/.05
  • (RL)/.86
  • (SEE)/.78
  • (SWI)/.22
  • (UAA)/.06
  • (ZBH)/1.86
After the Close:
  • (ATVI)/.75
  • (AKAM)/1.38
  • (AMGN)/4.01
  • (CAR)/1.27
  • (CZR)/-.28
  • (COHR)/1.65
  • (HST)/.03
  • (H)/-.85
  • (LSCC)/.22
  • (LYFT)/-.25
  • (MTCH)/.55
  • (MCHP)/1.91
  • (MYGN)/-.11
  • (NCR)/.62
  • (OXY)/.03
  • (PRU)/3.09
  • (RNG)/.28
  • (SPWR)/.04
Economic Releases
10:00 am EST
  • Factory Orders for June is estimated to rise +1.0% versus a +1.7% gain in May.
Afternoon:
  • Wards Total Vehicle Sales for July is estimated to fall to 15.3M versus 15.36M in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Bowman speaking, China Services PMI report, weekly US retail sales reports, Jefferies Industrials Conference and the Keefe Bruyette Woods Community Bank Conference could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

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