Bloomberg:
- The yen rose to the highest in three weeks against the US dollar in Asia after the finance ministry today said funds abroad accelerated purchases of Japanese stocks as growth in the world’s second-biggest economy recovers.
- Crude oil futures in NY are rising to another record above $65/bbl. after Iran’s government said it restarted its uranium enrichment program.
NY Times:
- The NY City health department urged restaurants to stop serving foods containing trans fats because they increase the risk of heart disease.
Financial Times:
- The UK’s Muslim communities are failing to help police in their search to identify radical Islam clerics and young people vulnerable to extremism, citing an interview with Metro Police Assistant Commissioner Tarique Ghaffur.
Asian Wall Street Journal:
- Yahoo! may make an announcement as early as today about an investment in Alibaba.com.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on MDT and HMA.
Night Trading
Asian Indices are +.25% to +1.0% on average.
S&P 500 indicated +.02%.
NASDAQ 100 indicated +.03%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Global Commentary
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
Company/EPS Estimate
ADI/.31
BGG/1.12
EAT/.70
CREE/.27
CYBX/-.81
DELL/.38
DWA/-.07
ELX/.24
JMDT/.19
KSS/.52
NVDA/.34
PSUN/.29
RRGB/.42
TGT/.59
URBN/.36
Upcoming Splits
None of note
Economic Releases
8:30 am EST
- Advance Retail Sales for July are estimated to rise 2.1% versus a 1.7% increase in June.
- Retail Sales Less Autos for July are estimated to rise .6% versus a .7% increase in June.
- Initial Jobless Claims for last week are estimated to rise to 315K from 312K the prior week.
- Continuing Claims are estimated to fall to 2573K versus 2581K prior.
10:00 am EST
- Business Inventories for June are estimated to rise .1% versus a .1% increase in May.
BOTTOM LINE: Asian indices are higher, spurred by economic optimism in the region. I expect US equities to open modestly higher and to decline later in the day on increasing worries over rising energy prices and interest rates. The Portfolio is 25% net long heading into the day.
No comments:
Post a Comment