Monday, February 06, 2006

Tuesday Watch

Late-Night Headlines
Bloomberg:
- Crude oil is falling a second day in NY on speculation rising US oil inventories will be sufficient to meet demand should shipments from Iran be disrupted.

USA Today:
- Iran is ready to talk directly with the US regarding the resumption of its nuclear plan, citing an interview with Ali Larijani, Iran’s national security adviser.

Commercial Times:
- Acer Inc. forecasts its notebook computer sales will increase as much as 90% in the first quarter from a year earlier to 1.9 million units.

Automotive News:
- GM’s(GM) board agreed to cut the automaker’s $1.1 billion annual dividend by half, citing unnamed people close to the directors.

Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on (AET), (EBAY), (TIN) and (UHCO).
- Reiterated Underperform on (PPS).

Night Trading
Asian Indices are -.25% to +.25% on average.
S&P 500 indicated +.04%.
NASDAQ 100 indicated +.09%.

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
(ALKS)/-.08
(BRL)/.78
(BMC)/.27
(BSX)/.42
(CELL)/.22
(CD)/.23
(CAKE)/.29
(CSCO)/.25
(KO)/.45
(CSC)/.85
(EMR)/.83
(FEIC)/.02
(FSH)/.93
(FO)/1.20
(LVLT)/-.29
(LNCR)/.53
(MANH)/.22
(MGAM)/.08
(OXY)/.76
(OSTK)/-.05
(RL)/.75
(VSH)/.16
(WWY)/.54

Upcoming Splits
- None of note

Economic Releases
3:00 pm EST
- Consumer Credit for December is estimated to rise to $5.0 billion versus -$.6 billion in November.

BOTTOM LINE: Asian indices are mixed as strength in basic materials stocks is offsetting weakness in pharma companies in the region. I expect US equities to open modestly lower and to rally later in the afternoon, fishing mixed. The Portfolio is 75% net long heading into the day.

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