Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.25 -1.75 basis points.
- China Sovereign CDS 37.50 -1.5 basis points.
- Bloomberg Emerging Markets Currency Index 66.40 +.01%.
- FTSE 100 futures +.08%.
- S&P 500 futures +.07%.
- NASDAQ 100 futures +.10%.
Earnings of Note
Company/Estimate
Before the Open:
- (AGN)/4.20
- (BDX)/3.31
- (CHK)/-.09
- (CHH)/1.29
- (EMR)/1.07
- (EXPD)/.91
- (JLL)/2.68
- (LGIH)/1.89
- (MDGL)/-1.42
- (MYL)/1.14
- (NEM)/.39
- (PBI)/.22
- (REGN)/6.40
- (TPR)/.37
- (ZBH)/1.75
After the Close:
- (Y)/5.57
- (CZR)/-.03
- (COHR)/.96
- (PODD)/.05
- (JAZZ)/3.58
- (LGND)/.62
- (MBI)/-.21
- (MCHP)/1.44
- (RRGB)/-.24
Economic Releases
8:30 am EST
- The Trade Deficit for Sept. is estimated at -$52.4B versus -$54.9B in Aug.
10:00 am EST
- The JOLTS Job Openings report for Oct. is estimated to rise to 7063 versus 7051 in Aug.
- ISM Non-Manufacturing for Oct. is estimated to rise to 53.5 versus 52.6 in Sept.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Eurozone PPI report, BoJ Minutes, US weekly retail sales report, BofA Merrill Financials Conference, Baird Industrial Conference and the (KR) investor conference could also impact trading today.
BOTTOM LINE:
Asian indices are mostly higher, boosted by technology and financial
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.
No comments:
Post a Comment