Friday, June 15, 2007

Pre Market

The markets in Asia and Europe are bullish .

The Consumer Price Index rose less than forecast indicating that inflation may be under control. Gasoline and food had the big increases.

Ben Bernanke is speaking in Atlanta today at a monetary policy conference. The mix of Bernanke and good CPI numbers could be steroids for the bulls today.

The Nymex is up big in pre market as it explores options to sell itself. NYSE Euronext, Deutsche Boerse AG or Chicago Mercantile Exchange Holdings Inc are the potential suitors.

Hansen Natural the maker of Monster energy drink, is surging in pre market as it gets a Goldman Sachs upgrade. I've been a big buyer of HANS following the Coca Cola decision to buy Vitamin water. This stock has a lot of upside.

How much do you pay for luxuries ? How the super rich are taking it to new levels. Companies like COH TIF LVMHF are some of the plays here.

OXPS is a stock I am keeping a close eye on. Based on trading volume, option activity and chatter, there is indication they may get a takeover bid.

Pre market futures are indicating a bullish market open.

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