Weekend Recommendations
Barron's:
- Made positive comments on (WMI), (ETN), (JEC), (FDS), (BAX), (DELL), (SRCL) and (FCFS).
Citigroup:
- Upgraded (TYC) to Buy, target $25.
- Reiterated Buy on (HS), target $12.
- Reiterated Buy on (INTC), target $16.
Night Trading
Asian indices are -3.50% to -.75% on avg.
S&P 500 futures -1.61%.
NASDAQ 100 futures -1.84%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Global Commentary
WSJ Intl Markets Performance
Commodity Futures
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Earnings Calendar
Who’s Speaking?
Upgrades/Downgrades
Rasmussen Business/Economy Polling
Earnings of Note
Company/Estimate
- (KFN)/.33
- (DISH)/.49
- (OSG)/1.61
- (EIX)/.64
- (FCN)/.54
- (WEN)/.05
- (CNO)/.29
- (CCO)/.11
- (MDR)/.42
- (MTZ)/.25
Upcoming Splits
- None of note
Economic Releases
8:30 am EST
- Personal Income for January is estimated to fall .2% versus a .2% decline in December.
- Personal Spending for January is estimated to rise .4% versus a 1.0% decline in December.
- The PCE Core for January is estimated to rise .1% versus unch. in December.
10:00 am EST
- ISM Manufacturing for February is estimated to fall to 34.0 versus 35.6 in January.
- ISM Prices Paid for February is estimated to rise to 33.5 versus 29.5 in January.
- Construction Spending for January is estimated to fall 1.5% versus a 1.4% decline in December.
Other Potential Market Movers
- The Fed’s Lacker speaking, Fed’s Rosengren speaking, Fed’s Foreign Exchange Rates Statistical Release, (DNA) Investment Community Meeting, Deutsche Bank Media/Telecom Conference, Citi Global Property Conference and Morgan Stanley Tech Conference could also impact trading today.
BOTTOM LINE: Asian indices are sharply lower, weighed down by financial and commodity shares in the region. I expect US stocks to open lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the week.