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 HNZ Reports Q3 EPS $0.95 vs $0.86 Est; Revenues $2.92B vs $2.89B Est
- FreightCar America 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 NXY from Market Perform to Outperform
To see more of today's upgrades, click here.
- Bank of America Downgrades Rackspace Hosting RAX from Buy to Neutral, Raises PO from $56 to $58
- Collins Stewart Downgrades Leap Wireless International 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 HNZ Reports Q3 EPS $0.95 vs $0.86 Est; Revenues $2.92B vs $2.89B Est
- FreightCar America RAIL Reports Q4 EPS $0.71 May Not Compare vs $0.13 Est; Revenues $187.1M vs $126.83M Est
- AMERIGROUP 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 ForexName | 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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