Market Overview

Financial Breakfast: Morning News Summary for February 24, 2012

Friday, February 24, 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

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 27 points.
  • U.S. Dollar trades about 0.40% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 added 0.13%, Germany's DAX gained 0.12% and France's CAC 40 advanced 0.54% on the session.
  • Asian stocks ended the session higher as well. China's Shanghai added 1.24%, Japan's Nikkei 225 advanced 0.54%, and Hong Kong's Hang Seng gained 0.12%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Bank of America Upgrades Deutsche Bank (NYSE: DB) from Neutral to Buy, Raises PO from $39 to $42
  • Citigroup Upgrades Baxter International (NYSE: BAX) from Sell to Neutral, Raises PT from $53 to $57
To see more of today's upgrades, click here.

  • The Benchmark Company Downgrades Warnaco Group (NYSE: WRC) from Buy to Hold
  • Guggenheim Securities Downgrades Invesco Mortgage Capital (NYSE: IVR) from Buy to Neutral, Maintains PT at $17
To see more of today's downgrades, click here.

On the Economic Calendar

  • University of Michigan Confidence is set to report at 9:55 a.m. ET
  • New Home Sales are due at 10:00 a.m.
To see more economic news, click here

Earnings

  • Alpha Natural Resources (NYSE: ANR) Reports Q4 EPS $0.07 May Not Compare vs $0.26 Est; Revenues $2.07B vs $2.16B Est
  • Endo Pharmaceuticals (NASDAQ: ENDP) Reports Q4 EPS $1.40 vs $1.32 Est; Revenues $803.00M vs $802.91M Est
  • Westar Energy (NYSE: WR) Reports Q4 EPS $0.16 vs $0.15 Est; Revenues $486.2M vs $468.22M 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 early losses of about 0.30%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.56%
  • Natural Gas futures are lower by about 0.27% and copper is trading higher by about 0.70%
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 1372 1368 1359 1354 1344
Gold 1797 1789 1781 1773 1765
Crude 110.92 109.08 107.63 106.51 104.34
Natural Gas 2.75 2.67 2.61 2.54 2.48
EUR/USD 1.3456 1.3412 1.3334 1.3292 1.3213
US Dollar Index 79.44 79.06 78.86 78.43 78.27


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

 

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