Market Overview

Financial Breakfast: Morning News Summary for March 22, 2012

Thursday, March 22, 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

  • Dollar General (NYSE: DG) Reports Q4 EPS $0.87 vs $0.82 Est; Revenues $4.19B vs $4.11B Est
  • lululemon athletica (NASDAQ: LULU) Reports Q4 EPS $0.51 vs $0.49 Est; Revenues $371.5M vs $362.37M Est
  • McDonald's (NYSE: MCD) Chief Executive Officer Jim Skinner To Retire
  • Diamond Foods (NASDAQ: DMND) In Talks With Private Equity Firms For Minority Investment

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 61 points.
  • U.S. Dollar trades about 0.22% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.91%, Germany's DAX slid 1.41% and France's CAC 40 fell 1.65% on the session.
  • Asian stocks ended the session mixed. China's Shanghai fell 0.07%, Japan's Nikkei 225 added 0.40%, and Hong Kong's Hang Seng advanced 0.22%.
To see more overseas news, click here.

Upgrades/Downgrades

  • JP Morgan Upgrades Exxon Mobil (NYSE: XOM) from Underweight to Neutral, Maintains PT at $92
  • Morgan Stanley Upgrades First Republic Bank San Francisco (NYSE: FRC) from Equal-weight to Overweight, Raises PT from $34 to $36
To see more of today's upgrades, click here.

  • Goldman Sachs Downgrades Rackspace Hosting (NYSE: RAX) from Buy to Neutral, Maintains PT at $57
  • Morgan Stanley Downgrades Associated Banc-Corp (NASDAQ: ASBC) from Equal-weight to Underweight, Maintains PT at $113
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 a.m. ET - Continuing Jobless Claims
  • 08:30 - Initial Jobless Claims
  • 10:00 - CB Leading Index (MoM)
  • 10:00 - House Price Index (MoM)
  • 10:30 - Natural Gas Storage
  • 12:45 - Fed Chairman Bernanke Speaks
  • 16:00 - Chicago Fed President Evans Speaks
To see more economic news, click here

Earnings

  • Dollar General (NYSE: DG) Reports Q4 EPS $0.87 vs $0.82 Est; Revenues $4.19B vs $4.11B Est
  • lululemon athletica (NASDAQ: LULU) Reports Q4 EPS $0.51 vs $0.49 Est; Revenues $371.5M vs $362.37M Est
To see more earnings announcements, click here.

Corporate News

  • McDonald's (NYSE: MCD) Chief Executive Officer Jim Skinner To Retire
  • Diamond Foods (NASDAQ: DMND) In Talks With Private Equity Firms For Minority Investment
To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting early losses of about 0.85%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.13%
  • Natural Gas futures are lower by about 0.59% and copper is trading lower by about 1.94%
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 1410 1404 1399 1392 1387
Gold 1668 1659 1652 1643 1637
Crude 108.45 107.67 106.87 106.07 105.29
Natural Gas 2.40 2.37 2.33 2.30 2.27
EUR/USD 1.3331 1.3273 1.3225 1.3163 1.3119
US Dollar Index 80.34 80.06 79.80 79.54 79.26


Subscribe Click here to subscribe to this newsletter. Receive it daily to your inbox!

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

 

Related Articles (ASBC + DG)

Around the Web, We're Loving...

Get Benzinga's Newsletters