Monday Watch

Weekend Recommendations
Barron's:
- Made positive comments on (WMI), (ETN), (JEC), (FDS), (BAX), (DELL), (SRCL) and (FCFS).

Citigroup:

- Upgraded (TYC) to Buy, target $25.

- Reiterated Buy on (HS), target $12.

- Reiterated Buy on (INTC), target $16.

Night Trading
Asian indices are -3.50% to -.75% on avg.
S&P 500 futures -1.61%.
NASDAQ 100 futures -1.84%.

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

Conference Calendar

Who’s Speaking?
Upgrades/Downgrades
Rasmussen Business/Economy Polling

Earnings of Note
Company/Estimate
- (KFN)/.33

- (DISH)/.49

- (OSG)/1.61

- (EIX)/.64

- (FCN)/.54

- (WEN)/.05

- (CNO)/.29

- (CCO)/.11

- (MDR)/.42

- (MTZ)/.25

Upcoming Splits

- None of note

Economic Releases

8:30 am EST

- Personal Income for January is estimated to fall .2% versus a .2% decline in December.

- Personal Spending for January is estimated to rise .4% versus a 1.0% decline in December.

- The PCE Core for January is estimated to rise .1% versus unch. in December.

10:00 am EST

- ISM Manufacturing for February is estimated to fall to 34.0 versus 35.6 in January.

- ISM Prices Paid for February is estimated to rise to 33.5 versus 29.5 in January.

- Construction Spending for January is estimated to fall 1.5% versus a 1.4% decline in December.

Other Potential Market Movers
- The Fed’s Lacker speaking, Fed’s Rosengren speaking, Fed’s Foreign Exchange Rates Statistical Release, (DNA) Investment Community Meeting, Deutsche Bank Media/Telecom Conference, Citi Global Property Conference and Morgan Stanley Tech Conference could also impact trading today.

BOTTOM LINE: Asian indices are sharply lower, weighed down by financial and commodity shares in the region. I expect US stocks to open lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the week.