Market Overview

Financial Breakfast: Morning News Summary for February 17, 2012

Friday, February 17, 2012

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

Benzinga's Top News

  • Gilead Announces Viral Relapse Seen in Post Treatment with GS-7977 Plus Ribavirin
  • HJ Heinz (NYSE: HNZ) Reports Q3 EPS $0.95 vs $0.86 Est; Revenues $2.92B vs $2.89B Est
  • FreightCar America (NASDAQ: RAIL) Reports Q4 EPS $0.71 May Not Compare vs $0.13 Est; Revenues $187.1M vs $126.83M Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 26 points.
  • U.S. Dollar trades about 0.02% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.37%, Germany's DAX gained 1.14% and France's CAC 40 advanced 1.09% on the session.
  • Asian stocks ended the session higher as well. China's Shanghai added 0.06%, Japan's Nikkei 225 advanced 1.58%, and Hong Kong's Hang Seng gained 1.01%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Raymond James Upgrades Nexen (NYSE: NXY) from Market Perform to Outperform
To see more of today's upgrades, click here.

  • Bank of America Downgrades Rackspace Hosting (NYSE: RAX) from Buy to Neutral, Raises PO from $56 to $58
  • Collins Stewart Downgrades Leap Wireless International (NASDAQ: LEAP) from Buy to Neutral, Lowers PT from $18 to $12
To see more of today's downgrades, click here.

On the Economic Calendar

  • Consumer Price Index is set to report at 8:30 a.m. ET
  • Leading Indicators are due at 10:00 a.m.
To see more economic news, click here

Earnings

  • HJ Heinz (NYSE: HNZ) Reports Q3 EPS $0.95 vs $0.86 Est; Revenues $2.92B vs $2.89B Est
  • FreightCar America (NASDAQ: RAIL) Reports Q4 EPS $0.71 May Not Compare vs $0.13 Est; Revenues $187.1M vs $126.83M Est
  • AMERIGROUP (NYSE: AGP) Reports Q4 EPS $0.67 vs $0.62 Est; Revenues $1.65B vs $1.62B Est
To see more earnings announcements, click here.

Corporate News

  • Gilead Announces Viral Relapse Seen in Post Treatment with GS-7977 Plus Ribavirin
To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.33%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.51%
  • Natural Gas futures are higher by about 1.75% and copper is trading higher by about 0.66%
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 1371 1363 1348 1340 1325
Gold 1747 1739 1722 1714 1698
Crude 104.12 103.39 102.29 101.56 100.46
Natural Gas 2.67 2.61 2.51 2.45 2.35
EUR/USD 1.3271 1.3200 1.3086 1.3015 1.2902
US Dollar Index 80.56 80.02 79.69 79.15 78.82


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

 

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