Weekend Headlines
Bloomberg:
-
Wall Street Journal:
Barron’s:
MarketWatch.com:
- A high-tech robotic surgical system may help save thousands of cancer patients. (video)
NY Times:
CNNMoney.com:
Politico:
TheDeal.com:
Seeking Alpha:
- News Digest: What Hedge Funds Are Up To.
onwallstreet:
CFO:
NYPost:
Reuters:
Financial Times:
EETimes:
- Las Vegas Sands Corp.(LVS) is seeking $400 million in short-term funding to ease a cash crunch and possibly restart construction in
TheStandard:
Mehr News Agency:
-
Weekend Recommendations
Barron's:
- Made positive comments on (AAPL), (SQM), (EBAY), (NTRS) and (BHP).
- Made negative comments on (POT).
Citigroup:
- Reiterated Buy on (FL), target $13.
- Reiterated Buy on (JCP), added to Top Picks Live list, target $43.
Night Trading
Asian indices are -.25% to +.75% on avg.
Asia Ex-Japan Inv Grade CDS Index unch.
S&P 500 futures +.16%.
NASDAQ 100 futures +.33%.
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
- (CLX)/1.21
- (B)/.16
- (CNA)/.59
- (L)/.89
- (MGM)/-.09
- (ASF)/.25
- (TAP)/.96
- (MRO)/.53
- (TSN)/.22
- (HUM)/1.67
- (APC)/-.64
- (CKEC)/.21
- (PHM)/-.72
- (WMS)/.47
- (FST)/.46
- (CHK)/.51
- (VMC)/.20
- (PPS)/.29
Upcoming Splits
- None of note
Economic Releases
10:00 am EST
- ISM Manufacturing for July is estimated at 46.5 versus 44.8 in June.
- ISM Prices Paid for July is estimated to rise to 51.5 versus 50.0 in June.
- Construction Spending for June is estimated to fall .5% versus a .9% decline in May.
Afternoon:
- Total Vehicles Sales for July are estimated to rise to 10.0M versus 9.7M in June.
Other Potential Market Movers
- The (CAT) analyst event could also impact trading today.
BOTTOM LINE: Asian indices are higher, boosted by commodity and financial stocks in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the week.