Thursday, February 15, 2018

Friday Watch

Night Trading 
  • Asian equity indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 695.0 -1.5 basis points. 
  • Asia Pacific Sovereign CDS Index 12.75 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 76.14 +.13%.
  • FTSE 100 futures +.41%.
  • S&P 500 futures +.05%.
  • NASDAQ 100 futures +.12%.
Morning Preview Links

Earnings of Note
Company/Estimate
  • (AXL)/.78
  • (B)/.67
  • (CPB)/.81
  • (KO)/.38
  • (DE)/1.19
  • (IPGP)/1.70
  • (ITT)/.59
  • (SJM)/2.16
  • (KHC)/.95
  • (NHI)/1.33
  • (NWL)/.68
  • (R)/1.36
  • (VFC)/1.02
  • (VMC)/.74
Economic Releases
8:30 am EST
  • The Import Price Index MoM for January is estimated to rise +.6% versus a +.1% gain in December. 
  • The Import Price Index Ex Petrol for January is estimated to rise +.1% versus a -.2% decline in December.
  • The Export Price Index MoM for January is estimated to rise +.3% versus a -.1% decline in December.
  • Housing Starts for January are estimated to rise to 1235K versus 1192K in December.
  • Building Permits for January is estimated to fall to 1300K versus 1302K in December.
10:00 am EST
  • Univ. of Mich. Consumer Sentiment for February is estimated to fall to 95.4 versus 95.7 in January.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK Retail Sales report, (HAS) investor update and the (MAT) analyst meeting could also impact trading today.
BOTTOM LINE:  Asian indices are higher, boosted by technology and industrial 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.

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