Bloomberg:
- Nokia Oyj and Motorola won bigger shares of the global market in the second quarter, widening their lead over competitors including Samsung Electronics and Siemens AG.
Wall Street Journal:
- India’s minister for petroleum and natural gas told the country’s oil companies to intensify efforts to buy overseas energy assets as Oil & Natural Gas Corp. considers making a counterbid for Canadian company PetroKazakhstan.
Financial Times:
- Nasdaq Stock Market may today say it will offer its users access to options trading, months ahead of the NYSE.
China Daily:
- 3M Co. plans to invest $300 million in China during the next five years.
Asian Wall Street Journal:
- News Corp’s plans to operate a prime-time television channel in China have unraveled amid a government crackdown on the media industry.
- Tropical Storm Katrina headed toward southeastern Florida, with maximum sustained winds of 50 mph and gusting higher, prompting officials to issue a hurricane warning for parts of the state’s Atlantic coast.
Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Underperform on GCO.
Night Trading
Asian Indices are -.50% to +.25% on average.
S&P 500 indicated +.11%.
NASDAQ 100 indicated +.16%.
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
CHS/.27
DG/.21
FRED/.09
JTX/-.31
NOVL/.02
OVTI/.26
PETC/.31
PDCO/.32
NX/1.62
SFD/.44
TOL/1.19
Upcoming Splits
None of note
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated at 315K versus 316K the prior week.
- Continuing Claims are estimated at 2575K versus 2593K prior.
BOTTOM LINE: Asian indices are mixed, as gains in Hong Kong are being offset by losses in Australian shares. I expect US equities to open modestly lower on continuing energy fears. The Portfolio is 50% net long heading into the day.
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