Monday, April 10, 2006

Tuesday Watch

Late-Night Headlines
Bloomberg:
- Bausch & Lomb(BOL) said it is temporarily halting shipments of its ReNu solution with MoistureLoc after reports of fungal infections in the US.
- French unions and students, emboldened by their victory over the government on a disputed youth-labor law, are now taking aim at a 2005 measure that makes it easier for small companies to fire workers.

Economic Times:
- India’s crude oil import bill rose to a record of $43.8 billion during 2005, an increase of 46.8%. The bill was larger because of higher oil prices, not an increase in demand, the newspaper said.

Commercial Times:
- Microsoft Corp.(MSFT) is expected to double its orders from Taiwanese suppliers in the second quarter as it accelerates shipments for its Xbox 360 video-game console.

China Daily:
- Applied Materials(AMAT) will build a $225 million support center in the northwestern Chinese city of Xi’an.

Beijing Youth Daily:
- Beijing has registered 14 days of “heavy” air pollution this year, the most in almost six years, citing the city’s environmental bureau.

Late Buy/Sell Recommendations
- None of note

Night Trading
Asian Indices are -1.0% to unch. on average.
S&P 500 indicated -.06%.
NASDAQ 100 indicated -.10%.

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
- (BRY)/1.55
- (CRK)/.63
- (DSW)/.24
- (DNA)/.41
- (SWN)/.29

Upcoming Splits
- None of note

Economic Releases
8:30 am EST
- The Trade Deficit for February is estimated to shrink to -$67.5 billion versus -$68.5 billion in January.

2:00 pm EST
- The Monthly Budget Deficit for March is estimated to widen to -$82.1 billion versus -$71.2 billion in February.

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology stocks in the region. I expect US equities to open mixed and to trade modestly lower into the afternoon. The Portfolio is 50% net long heading into the day.

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