Market Overview

Financial Breakfast: Morning News Summary for February 10, 2012

Friday, February 10, 2012

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

Keynes was the first to introduce the concept of a multiplier in 1929.

Benzinga's Top News

  • Alcatel-Lucent (NYSE: ALU) Reports Q4 EPS EUR0.19 vs EUR0.11 Est; Revenues EUR4.26B vs EUR4.22B Est
  • NYSE Euronext (NYSE: NYX) Reports Q4 EPS $0.50 vs $0.48 Est; Revenues $628M vs $626.55M Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 70 points.
  • U.S. Dollar trades about 0.32% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 slid 0.52%, Germany's DAX fell 1.25% and France's CAC 40 lost 1.0% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.14%, Japan's Nikkei 225 slid 0.61%, and Hong Kong's Hang Seng fell 1.08%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Deutsche Bank Upgrades ConocoPhillips (NYSE: COP) to Buy
  • Wedbush Upgrades ON Semiconductor (NASDAQ: ONNN) to Outperform
To see more of today's upgrades, click here.

  • Deutsche Bank Downgrades O'Reilly Automotive (NASDAQ: ORLY) to Hold
  • Benchmark Downgrades TripAdvisor (NASDAQ: TRIP) to Hold
To see more of today's downgrades, click here.

On the Economic Calendar

  • US Trade Balance is set to report at 8:30 a.m. ET
  • U of M Confidence Index is due at 9:55 a.m.
  • US Monthly Budget Statement is set at 2:00 p.m.
To see more economic news, click here

Earnings

  • Alcatel-Lucent (NYSE: ALU) Reports Q4 EPS EUR0.19 vs EUR0.11 Est; Revenues EUR4.26B vs EUR4.22B Est
  • NYSE Euronext (NYSE: NYX) Reports Q4 EPS $0.50 vs $0.48 Est; Revenues $628M vs $626.55M Est
  • Laboratory of America (NYSE: LH) Reports Q4 EPS $1.56 vs $1.53 Est; Revenues $1.37B vs $1.38B Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting losses of about 1.32%
  • Energy futures are trading lower, with crude oil posting losses of about 1.51%
  • Natural Gas futures are higher by about 0.28% and copper is trading lower by about 1.46%
To see more commodities news, click here.


Benzinga's Morning Radar

Technical Levels for Futures and Forex

Name Resistance-2 Resistance-1 Mid Pivot Support-1 Support-2
E-Mini S&P 500 1359 1353 1347 1341 1335
Gold 1765 1748 1738 1721 1710
Crude 100.96 100.38 99.60 99.02 98.25
Natural Gas 2.66 2.57 2.48 2.39 2.30
EUR/USD 1.3366 1.3325 1.3279 1.3238 1.3195
US Dollar Index 78.99 78.83 78.63 78.46 78.26


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Posted-In: Earnings News Bonds Guidance Upgrades Downgrades Futures Technicals Best of Benzinga

 

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