From Between the Hedges:
- Hong Kong’s stock market has replaced Canada’s as the world’s sixth biggest, as more Chinese companies such as China Construction Bank carried out initial public offerings in the city.
- General Motors Corp.(GM) said its China affiliate more than doubled its profit in the period, helping the world’s largest carmaker improve its performance.
- The shares of Sprint Nextel Corp.(S) are cheap and may produce an annual return of 27% for the next three years, citing Ivan Krsticevic, senior portfolio manager at Elliott Management.
Late Buy/Sell Recommendations
- Raised AUO to Neutral from Underperform.
Asian Indices are -.50% to +.50% on average.
S&P 500 indicated +.08%.
NASDAQ 100 indicated +.24%.
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Before the Bell CNBC Video(bottom right)
Top 20 Business Stories
Daily Stock Events
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule
Earnings of Note
- (CW) 2-for-1
- None of note.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology stocks in the region. I expect US equities to open mixed and to rally modestly into the afternoon.