Market Overview

Financial Breakfast: Morning News Summary for March 1, 2012

Thursday, March 1, 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

  • Roche's (OTC: RHHBY) Ventana Receives FDA Approval of INFORM HER2 Dual ISH Assay on the BenchMark ULTRA
  • Limited Brands (NYSE: LTD) February Comparable Store Sales up 8%.
  • Toronto-Dominion Bank (NYSE: TD) Reports Q4 EPS $1.86 vs $1.73 Est; Revenues $5.64B vs $5.64B Est
  • Nash-Finch (NASDAQ: NAFC) Reports Q4 EPS $0.97 vs $0.82 Est; Revenues $1.14B vs $1.11B Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 38 points.
  • U.S. Dollar trades about 0.02% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.64%, Germany's DAX advanced 0.69% and France's CAC 40 advanced 0.74% on the session.
  • Asian stocks ended the session lower. China's Shanghai lost 0.04%, Japan's Nikkei 225 slid 0.16%, and Hong Kong's Hang Seng fell 1.35%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Sterne Agee Upgrades Denbury Resources (NYSE: DNR) to Neutral
  • Deutsche Bank Upgrades LHC Group (NYSE: LHC) to Buy
To see more of today's upgrades, click here.

  • JP Morgan Downgrades Spreadtrum Communications (NASDAQ: SPRD) from Overweight to Neutral, Lowers PT from $30 to $15
  • Morgan Stanley Downgrades ADTRAN (NASDAQ: ADTN) to Equal-Weight
To see more of today's downgrades, click here.

On the Economic Calendar

  • Personal Income, Personal Spending, Initial & Continuing Jobless Claims are set to report at 8:30 a.m. ET
  • ISM Manufacturing and Construction Spending is due at 10:00 a.m.
To see more economic news, click here

Earnings

  • Toronto-Dominion Bank (NYSE: TD) Reports Q4 EPS $1.86 vs $1.73 Est; Revenues $5.64B vs $5.64B Est
  • Nash-Finch (NASDAQ: NAFC) Reports Q4 EPS $0.97 vs $0.82 Est; Revenues $1.14B vs $1.11B Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.19%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.18%
  • Natural Gas futures are lower by about 2.83% and copper is trading higher by about 0.28%
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 1386 1374 1365 1353 1345
Gold 1830 1764 1726 1660 1622
Crude 108.98 107.95 106.39 105.36 103.80
Natural Gas 2.68 2.63 2.57 2.52 2.45
EUR/USD 1.3537 1.3430 1.3372 1.3265 1.3207
US Dollar Index 79.44 79.15 78.63 78.34 77.82


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

 

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