Bloomberg:
- Hong Kong’s economy grew last year at the second-fastest pace since 2000, powered by rising exports and consumer spending.
Wall Street Journal:
- Boeing Co.(BA) is working on a verbal agreement to sell 80 of its 737 planes to China, which agreed to buy 70 of the jetliners in November.
Fox News:
- The Organization of the Islamic Conference rejected calls in Pakistan for the death of the Danish cartoonist who depicted the prophet Muhammad.
Tex Report:
- Posco, a South Korean steelmaker, may revise its domestic steel prices lower in March amid competition from cheaper Chinese imports.
Digitimes:
- Sony Corp.(SNE) pushed back the debut of its PlayStation 3 game console until August because of high component prices and inadequate levels of copy protection.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on (WEC), (TYC), (MRVL) and (HRZ).
- Reiterated Underperform on (SAH), (FSS) and (MRK).
Night Trading
Asian Indices are -1.50% to unch. on average.
S&P 500 indicated -.02%.
NASDAQ 100 indicated -.03%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Global Commentary
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
Company/EPS Estimate
- (ARW)/.58
- (ESRX)/.75
- (GRMN)/.70
- (HET)/.56
- (HSIC)/.58
- (JLG)/.48
- (MSO)/.15
- (OMX)/.07
- (RHD)/.86
- (CRM)/.05
- (SINA)/.22
- (S)/.34
- (TK)/1.80
- (TJX)/.44
- (UNT)/1.61
- (VIA)/.47
Upcoming Splits
- (CCJ) 2-for-1
- (BTU) 2-for-1
Economic Releases
8:30 am EST
- The Consumer Price Index for January is estimated to rise .5% versus a .1% decline in December.
- The CPI Ex Food & Energy for January is estimated to rise .2% versus a .1% gain in December.
BOTTOM LINE: Asian indices are mostly lower, weighed down by exporters in the region after the US Fed minutes led traders to conclude more rate hikes were forthcoming. I expect US equities to open modestly lower and to trade modestly higher into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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