Company/Estimate
ARO/.54
ADSK/.34
CLE/.29
DKS/.04
DITC/.27
ELBO/.29
GPS/.28
LTD/.10
MRVL/.21
NOVL/.05
VIP/1.94
DIS/.17
WSM/.23
Splits
FINL 2-for-1
Economic Data
Initial Jobless Claims for last week estimated at 330K versus 333K the prior week.
Continuing Claims are estimated at 2800K versus 2813K prior.
Leading Indicators for October are estimated down .1% versus a .1% decline in September.
Philadelphia Fed. for November estimated at 23.1 versus 28.5 in October.
Recommendations
Goldman Sachs reiterated Outperform on DHR, DO, RIG, XRX, AHC, DVN, MUR, NFX, PXD, SUN, XOM and Underperform on CVH.
Late-Night News
Asian indices are quietly mixed on a continuing consolidation of recent gains. Saddam Hussein diverted money from the UN oil-for-food program to pay millions of dollars to families of Palestinian suicide bombers who carried out attacks on Israel, the Sidney Morning Herald reported. Reuters Group Plc, the world's biggest publicly traded provider of financial information, may say it will start a fixed income trading system, the Financial Times said. European governments must cut bureaucracy to encourage drug development and accept the price they pay for medicines, the Financial Times said, citing a World Health Organization report. The U.S. and Australia won a trade complaint against European Union rules that protect traditional food names such as "feta" cheese and "Parma" ham, Bloomberg said. Iran must understand it is time to help Iraq as its neighboring country prepares to hold elections in January, U.S. Secretary of State Colin Powell said.
Late-Night Trading
Asian Indices are -.50% to +.25% on average.
S&P 500 indicated -.16%.
NASDAQ 100 indicated -.41%
BOTTOM LINE: I expect U.S. equities to open modestly lower and trade mixed into the afternoon. The Portfolio is 100% net long heading into tomorrow.
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