Market Happenings For Monday, November 05, 2012

Premarket, futures are up. Gainers this morning include ETFC (+2.38%), ROK, M, ALXN and WU while losers include WYNN (-6.46%), VAR, NFLX, BTU and LUV.

The Market

It’s the day before the election, and nothing is right. The election hangs before us and the fiscal cliff is banging us in the face.

Get the drift? There’s not much happening. We need the election over with. I’m hearing more and more that Obama will win. Which is okay with me. I had to turn CNBC off this morning as they let Jack Welch come back.

Disney (DIS) reports earnings Thursday 11/8/12 after the close.

Earnings Reports

Earnings reports (estimates): ESRX-Express Scripts ($0.99), SO-Southern Company (1.13), EOG-EOG Resources, TWC-Time Warner (1.43), SYY-Sysco (0.51), RIG-Transocean (0.79), PAA-Plains All American (0.54), TEL-TE Connectivity (0.74), ETR-Entergy (2.00), CF-CF Industries (5.75), HUM-Humana (12.16), ROK-Rockwell (1.32), DIS-Fidelity National (0.62), ICE-Intercontinental Exchange (1.73), SBAC-SBA Communications (-0.17), XL-XL Group (0.49).

Financial Calendar

1000 ET Oct ISM non-manufacturing index expected -0.6 to 54.5, Sep +1.4 to 55.1.

1100 ET USDA weekly grain export inspections.

1130 ET Weekly 3-mo and 6-mo T-bill auctions.

1600 ET USDA Crop Progress.

n/a G-20 2-day meeting concludes in Mexico City.

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