Thursday Pre-Market: Key News & Data

by: Between the Hedges

From Between the Hedges:


Late-Night Headlines

Bloomberg:
- McDonald’s(NYSE:MCD) plans to sell about 5 million shares in Chipotle Mexican Grill, the fast-food chain that went public in January.

Maeil Business:
- Shares of Reigncom Co., a South Korean maker of portable music players, rose on a report the company is in talks to team up with Microsoft(NASDAQ:MSFT) to take on iPod maker Apple Computer(NASDAQ:AAPL).

AP:
- A US Senate panel will say tomorrow that the Federal Emergency Management Agency(FEMA) can’t be repaired and should be shut down.

Late Buy/Sell Recommendations
Citigroup:
- Removed (NASDAQ:EBAY) from Focus List.

Night Trading
Asian Indices are unch. to +.50% on average.
S&P 500 indicated +.08%.
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
- (NYSE:AET)/.63
- (ACS)/.86
- (NASDAQ:ALTR)/.20
- (OTC:APCC)/.12
- (NYSE:APC)/2.92
- (NYSE:APA)/2.13
- (NYSE:BZH)/2.27
- (NASDAQ:BEBE)/.14
- (BDK)/1.39
- (NYSE:BWA)/1.05
- (NYSE:BMY)/.32
- (NYSE:CAH)/.86
- (NASDAQ:CELG)/.07
- (CHIR)/.31
- (NASDAQ:CMCSA)/.14
- (NYSE:CNX)/1.19
- (NYSE:CAM)/.41
- (NASDAQ:DECK)/.24
- (NYSE:DPZ)/.37
- (NYSE:DOW)/1.17
- (NYSE:XOM)/1.46
- (NYSE:FII)/.49
- (NYSE:BEN)/1.20
- (NYSE:GNW)/.65
- (HET)/.92
- (NYSE:HIG)/2.11
- (NASDAQ:ISRG)/.20
- (NYSE:K)/.63
- (NASDAQ:KLAC)/.56
- (LIZ)/.59
- (NYSE:MRO)/2.35
- (NYSE:MBI)/1.39
- (MFE)/.29
- (NYSE:MGM)/.52
- (MSFT)/.33
- (NYSE:OMX)/.33
- (PD)/2.58
- (NYSE:RTN)/.53
- (NYSE:RAI)/1.87
- (NYSE:ROK)/.75
- (SPF)/1.28
- (HOT)/.34
- (NYSE:WEN)/.46
- (NYSE:WDC)/.38
- (NYSE:XEL)/.31
- (XMSR)/-.55

Upcoming Splits
- (PDX) 2-for-1
- (NYSE:BAM) 3-for-2

Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to rise to 305K versus 303K the prior week.
- Continuing Claims are estimated to rise to 2441K versus 2439K prior.

BOTTOM LINE: Asian indices are mostly higher, boosted by auto stocks in the region. I expect US equities to open modestly higher and to fade into the afternoon, finishing mixed.