Good Morning Todays Trade

Friday, May 30, 2008

First I will be taking a Half day today and will be done at 12:30pm


April personal income rose slightly more than expected, spending and inflation in-line with estimates

Dell's first quarter earnings top expectations, sending stock sharply higher

Futures get a modest boost on the April personal income and spending report. Just hitting the wires, April personal income rose 0.2% month-over-month, (consensus +0.1%), while personal spending increased by 0.2%(consensus +0.2%). March personal income was revised higher to +0.4% from +0.3%. PCE, an inflation measure, was unchanged at 3.2% year-over-year (consensus +3.1%), and core-PCE was also unchanged at 2.1% (consensus 2.1%). Core-PCE rose 0.1% month over month, in-line with expectations.

Todays Watch list

Solars getting a boost FLSR

RMBS
OXPS
V
SIGM
UA