Market Overview

Financial Breakfast: Morning News Summary for February 27, 2012

Monday, February 27, 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

  • Lowes (NYSE: LOW) Reports Q4 EPS $0.29 vs $0.24 Est; Revenues $11.63B vs $11.34B Est
  • Motorola Solutions (NYSE: MSI) (NASDAQ: GOOG) Purchases Approximately $1.2B of Its Common Stock from Icahn
  • Watson (NYSE: WPI) (NASDAQ: CBRX) Receives Complete Response Letter from FDA for Progesterone Vaginal Gel 8% Did Not Meet Level of Statistical Significance

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 55 points.
  • U.S. Dollar trades about 0.27% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 fell 0.94%, Germany's DAX slid 1.2% and France's CAC 40 lost 1.19% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.3%, Japan's Nikkei 225 slid 0.14%, and Hong Kong's Hang Seng fell 0.88%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Goldman Sachs Upgrades Walt Disney (NYSE: DIS) from Neutral to Buy, Raises PT from $44 to $51
  • Credit Suisse Upgrades Tyco International (NYSE: TYC) to Outperform
To see more of today's upgrades, click here.

  • Wunderlich Securities Downgrades Arlington Asset Investment (NYSE: AI) from Buy to Hold, Maintains PT at $30
  • Deutsche Bank Downgrades Hersha Hospitality Trust (NYSE: HT) from Buy to Hold, Raises PT from $5 to $5.5
To see more of today's downgrades, click here.

On the Economic Calendar

  • Pending Home Sales is set to report at 10:00 a.m. ET
  • Dallas Fed Manufacturing Index is due at 10:30 a.m.
To see more economic news, click here

Earnings

  • Lowes (NYSE: LOW) Reports Q4 EPS $0.29 vs $0.24 Est; Revenues $11.63B vs $11.34B Est
  • AES (NYSE: AES) Reports Q4 EPS $0.23 vs $0.22 Est; Revenues $4.27B vs $3.46B Est
  • American Water Works (NYSE: AWK) Reports Q4 EPS $0.34 vs $0.32 Est; Revs 639.8M vs $696.3M 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 0.44%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.05%
  • Natural Gas futures are lower by about 0.82% and copper is trading lower by about 0.67%
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 1367 1364 1360 1357
Gold 1790 1782 1776 1769 1763
Crude 111.17 110.40 109.17 108.40 107.17
Natural Gas 2.68 2.61 2.56 2.49 2.43
EUR/USD 1.3558 1.3502 1.3429 1.3373 1.3300
US Dollar Index 79.08 78.78 78.52 78.22 77.96


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

 

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