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Morning Outlook

7:56 AM Posted by MH

Futures indicated a slightly higher open for Wall Street Tuesday, after the stock market saw its worst one-day loss in two months, as defensive stocks rose.

Automakers were likely to be in focus as two of the industry's leaders were set to take advantage of a $25 billion government loan program aimed at helping the companies retool their factories to make advanced-technology vehicles.

Later in the day, existing home sales data for May will be out at 10 am New York time. Economists expect to see sales at 4.8 million, up 2.6 percent.

The Richmond Federal Reserve will release its monthly survey at 10 am New York time. And Goldman Sachs chain-store sales data will be out at 8:45 am.

The American Petroleum Institute will release its weekly stockpile data at 4:30 pm New York time.

President Obama holds a 12:30 pm New York time news conference at the White House. He also plans to spend part of the day meeting Chile President Michelle Bachelet.

9 comments:

  1. MH said...

    SIRI upgraded just out.

  2. MH said...

    Sirius XM Radio upgraded to Outperform at Barrington Research; tgt $0.70 (0.35)Barrington Research upgrades SIRI to Outperform from Mkt Perform and sets target price at $0.70. The firm says following a recent period of significant volatility in the share price we feel the potential exists for investors to consider several core fundamental issues. Most importantly, a favorable swing in EBITDA of more than $500 million into positive territory this year should be followed by substantial, additional annual gains. Further they add, some added revenue sources, especially a royalty recovery fee with broad application, should boost revenues.

  3. MH said...

    sold ONT at .45

  4. MH said...

    sold COIN at 1.22 as well

  5. MH said...

    sold YRCW and DSCO

  6. MH said...

    MGM Mirage discloses that its auditor removes "going concern" language (5.84 -0.08)

    MGM moving AH

  7. pbear said...

    와우 발빠르신 헌터님, 장마감 후에도 열심히 보고 계시네요. mgm 내일 대박나길 :)

  8. MH said...

    노력 없인느 얻어지는 것도 없는 법이죠 ㅎㅎ
    내 pbear 님도 대박나시길..

  9. Anonymous said...

    mgm 굿럭입니다 ^^ 대박 나시길~

    -ghost-

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