Monday, May 08, 2017

Tuesday Watch

Night Trading 
  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 91.25 -.25 basis point
  • Asia Pacific Sovereign CDS Index 20.75 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 71.86 -.04%.
  • S&P 500 futures -.01%. 
  • NASDAQ 100 futures -.01%.
Morning Preview Links

Earnings of Note
Company/Estimate
  • (CBOE)/.69
  • (DF)/.17
  • (DISCA)/.50
  • (DUK)/1.03
  • (JEC)/.71
  • (MDC)/.36
  • (ODP)/.12
  • (PRTY)/.04
  • (SEE)/.47
  • (STE)/.84
  • (VRX)/.90
  • (WLH)/.14
  • (COHR)/2.45
  • (EA)/.75
  • (FOSL)/-.26
  • (JAZZ)/2.34
  • (MCHP)/1./06
  • (NWSA)/.04
  • (NVDA)/.81
  • (PCL;N)/8.78
  • (SPWR)/-.49
  • (TSRO)/-2.19
  • (DIS)/1.41
  • (YELP)/.16
Economic Releases  
6:00 am EST
  • The NFIB Small Business Optimism Index for April is estimated to fall to 104.0 versus 104.7 in March.
10:00 am EST
  • JOLTS Job Openings for March are estimated to fall to 5738 versus 5743 in April. 
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Kaplan speaking, Fed's Rosengren speaking, 3Y T-Note auction, weekly US retail sales reports, Oppenheimer Industrial Conference, Jefferies Tech Conference and the Wells Fargo Industrial/Construction Conference could also impact trading today.
BOTTOM LINE:  Asian indices are mostly higher, boosted by financial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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