Late-Night Headlines
Bloomberg:
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- The cost of protecting Asia-Pacific bonds from default fell. The Markit iTraxx Japan Index of credit-default swaps fell 5 basis points to 470 at 10:15 am in
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Wall Street Journal:
Reuters:
The Standard:
Late Buy/Sell Recommendations
Citigroup:
- Reiterated Buy on (MGA), target $38.
Night Trading
Asian Indices are -.25% to +1.25% on average.
S&P 500 futures -.79%.
NASDAQ 100 futures -.69%.
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/EPS Estimate
- (MSO)/.18
- (ZLC)/.48
- (SJM)/.86
- (SPW)/1.86
- (DLTR)/1.12
- (DLM)/.22
- (EV)/.19
- (TJX)/.50
- (ESRX)/.83
- (FLS)/1.89
- (CRM)/.07
- (FLR)/.91
- (DNR)/.14
- (LTD)/.65
Economic Releases
8:30 am EST
- Existing Home Sales for January are estimated to rise 1.1% versus a 6.5% gain in December.
10:30 am EST
- Bloomberg consensus estimates call for a weekly crude oil inventory build of +1,250,000 barrels versus a -138,000 barrel decline the prior week. Gasoline supplies are expected unch. versus a +1,105,000 barrel increase the prior week. Distillate inventories are expected to fall by -1,200,000 barrels versus an-813,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to fall by -.10% versus a +.72% the prior week.
Upcoming Splits
- None of note
Other Potential Market Movers
- Fed Chairman Bernanke gives monetary policy report before House panel, weekly MBA mortgage applications report, Jeffries Internet Conference, UBS Industrials Conference, BMO Capital Global Metals & Mining Conference, Robert Baird Business Conference, Merrill Lynch Insurance Conference, CSFB Global Services Conference, Goldman Tech & Internet Conference, Pacific Crest Technology Summit and the (VOLC) analyst meeting could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by automaker and technology stocks in the region. I expect