Earnings Announcements
Company/Estimate
MO/1.13
ASKJ/.18
AMCC/-.01
ONE/.81
BDK/.92
BSX/.22
CECO/.32
CTX/1.74
COH/.26
FRX/.38
GM/1.79
IR/.87
LU/.02
MOT/.07
PFE/.51
TASR/.22
WFC/.97
Splits
UNFI 2-for 1
Economic Data
None of note.
Recommendations
Goldman Sachs recommends Selling DQE and Buying AYE and RRI. GS reiterated Outperform on RE, MSFT, PKG, NSIT, BAX, BC and UDR. Goldman reiterated Underperform on MXT.
Late-Night News
Asian indices are rising as Japanese technology stocks climb in anticipation of strong earnings reports. China's leaders are planning steps to try to cool the nation's booming economic growth, including a possible increase in interest rates, the Financial Times reported. The 10 suspected terrorists arrested yesterday in England were planning a suicide bombing attack at the Old Trafford soccer stadium during the Premiership match between Manchester United and Liverpool on Saturday, the Sun reported. DirectTV is near an agreement to sell its 81% stake in PanAmSat for $23.50/share to Kohlberg Kravis Roberts, the Wall Street Journal Reported.
Late-Night Trading
Asian Indices -.50% to +2.50%.
S&P 500 indicated +.05%.
NASDAQ indicated +.07%.
BOTTOM LINE: U.S. stocks should open higher tomorrow on strength in Asian technology shares. However, numerous corporate earnings reports will likely dictate the market's direction for the day. I will closely monitor the market's reaction to these reports and then decide whether or not to add or cut exposure. The Portfolio is 75% net long heading into tomorrow.
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