Night Trading
- Asian equity indices are -.75% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 80.75 -.25 basis point.
- China Sovereign CDS 59.50 -1.75 basis points.
- Bloomberg Emerging Markets Currency Index 66.25 -.04%.
- S&P 500 futures +.02%.
- NASDAQ 100 futures +.07%.
Earnings of Note
Company/Estimate
Before the Open:
- (CBRL)/2.11
- (DCI)/.63
- (LE)/-.31
- (NAV)/.88
- (TIF)/1.01
After the Close:
- (GME)/-.03
- (HQY)/.34
- (NX)/.12
- (CRM)/.61
Economic Releases
10:00 am EST
- Factory Orders for April is estimated to fall -1.0% versus a +1.9% rise in March.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Australia Retail Sales report, weekly US retail sales reports, (CVS) analyst day, RBC Energy/Power Conference, Macquarie Metals/Mining/Materials Conference, CSFB Communications Conference, Jefferies Healthcare Conference, CSFB Chem/Ag Conference, NAREIT Investor Conference, BofA Merrill Tech Conference, Baird Consumer Tech/Services Conference, (GPC) investor day and the Needham Automotive Tech Day could also impact trading today.
BOTTOM LINE:
Asian indices are mostly lower, weighed down by commodity and
technology shares in the region. I expect US stocks to open mixed and to
weaken into the afternoon, finishing modestly lower. The Portfolio is
25% net long heading into the day.
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