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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