Market Overview

Financial Breakfast: Morning News Summary for March 6, 2012

Tuesday, March 6, 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

  • AmerisourceBergen (NYSE: ABC) to Acquire World Courier Group for $520M.
  • CONSOL Energy (NYSE: CNL) Temporarily Idles Longwall Mining at Buchanan Mine.
  • Stage Stores (NYSE: SSI) Reports Q1 EPS $1.05 vs $1.07 Est; Revenues $479.1M vs $468.18M Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 95 points.
  • U.S. Dollar trades about 0.51% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 1.08%, Germany's DAX slid 1.5% and France's CAC 40 fell 1.65% on the session.
  • Asian stocks ended the session lower as well. China's Shanghai slid 1.38%, Japan's Nikkei 225 fell 0.63%, and Hong Kong's Hang Seng dropped 2.16%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Jefferies Upgrades Worthington Industries (NYSE: WOR) to Buy
  • Credit Suisse Upgrades LifePoint Hospitals (NASDAQ: LPNT) to Neutral
To see more of today's upgrades, click here.

  • JP Morgan Downgrades Novartis AG (NYSE: NVS) from Overweight to Neutral
  • Bank of America Downgrades NTT DoCoMo (NYSE: DCM) from Buy to Neutral
To see more of today's downgrades, click here.

On the Economic Calendar

    No Major Economic Events this Morning
To see more economic news, click here

Earnings

  • Stage Stores (NYSE: SSI) Reports Q1 EPS $1.05 vs $1.07 Est; Revenues $479.1M vs $468.18M Est
To see more earnings announcements, click here.

Corporate News

  • AmerisourceBergen (NYSE: ABC) to Acquire World Courier Group for $520M.
  • CONSOL Energy (NYSE: CNL) Temporarily Idles Longwall Mining at Buchanan Mine.
  • KKR (NYSE: KKR) and Chesapeake Energy (NYSE: CHK) Form Partnership to Invest in Mineral Interests and Overriding Royalty Interests
To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting early losses of about 0.92%
  • Energy futures are trading lower, with crude oil posting early losses of about 0.63%
  • Natural Gas futures are higher by about 0.25% and copper is trading lower by about 1.83%
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 1363 1359 1353
Gold 1724 1715 1705 1696 1686
Crude 108.60 107.86 106.68 105.94 104.76
Natural Gas 2.47 2.41 2.38 2.32 2.29
EUR/USD 1.3286 1.3251 1.3205 1.3170 1.3124
US Dollar Index 79.80 79.59 79.44 79.24 79.08


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

 

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