Sunday, April 21, 2019

Monday Watch

Today's Headlines
MarketWatch.com:
Night Trading
  • Asian indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 63.75 +.5 basis point.
  • China Sovereign CDS 40.0 -1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 67.31 +.01%.
  • FTSE 100 futures -.06%.
  • S&P 500 futures +.12%.
  • NASDAQ 100 futures +.12%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AZZ)/.46
  • (HAL)/.23
  • (KMB)/1.55
  • (NVR)/34.45
  • (STLD)/.91
After the Close:
  • (BRO)/.36
  • (CE)/2.41
  • (MINI)/.38
  • (SANM)/.74
  • (WHR)/2.85
  • (ZION)/1.05
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for March is estimated to rise to 5.2 versus -.29 in Feb.
10:00 am EST
  • Existing Home Sales for March are estimated to fall to 5.3M versus 5.51M in Feb.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Australia PMI report and the (TSLA) investor day could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to strengthen into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.

No comments: