Friday, May 11, 2007

Pre Market

Weakness in the Asian and European markets.

Stocks In Play

Earnings Announcements

Producer price index was up 0.7% in April which is inline with expectations. Excluding fuel and food it was unchanged.

Retail sales fell 0.2% in April versus a consensus of a 0.4% increase. Rising fuel costs are having their effect on consumers.

The Yen is set for its first weekly gain in 10 weeks. The last time the Yen was up was the week of the Feb 27 market plunge.The USD has also been gaining as of late.

Keep an eye on this one. This on demand video service looks very promising. When an IPO is in the works,I will be buying.

The pre market futures are suggesting a higher open. Will this be one to sell ?

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