Thursday, January 23, 2014

Friday Watch

Night Trading
  • Asian equity indices are -1.0% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 146.0 +4.0 basis points.
  • Asia Pacific Sovereign CDS Index 113.50 +2.0 basis points.
  • FTSE-100 futures +.32%.
  • S&P 500 futures +.19%.
  • NASDAQ 100 futures +.18%.
Morning Preview Links

Earnings of Note

Company/Estimate
  • (BMY)/.43
  • (HON)/1.22
  • (KSU)/1.10
  • (KMB)/1.39
  • (PG)/1.20
  • (SWK)/1.29
  • (STT)/1.20
  • (GWW)/2.63
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Italian retail sales report could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.

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