Market Overview

Financial Breakfast: Morning News Summary for April 20, 2012

Friday, April 20, 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

  • German Ifo Business Climate Index and UK Retail Sales Reported better than Estimates
  • General Electric (NYSE: GE) Reports Q1 EPS $0.34 vs $0.33 Est; Revenues $35.18B vs $34.66B Est
  • Under Armour (NYSE: UA) Reports Q1 EPS $0.28 vs $0.24 Est; Revenues $384.4M vs $379.97M Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 62 points.
  • U.S. Dollar trades about 0.37% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.27%, Germany's DAX gained 0.96% and France's CAC 40 advanced 0.50% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 1.17%, Japan's Nikkei 225 slid 0.28%, and Hong Kong's Hang Seng gained 0.07%.
  • German Ifo Business Climate Index and UK Retail Sales Reported better than Estimates
To see more overseas news, click here.

Upgrades/Downgrades

  • JP Morgan Upgrades Brown & Brown (NYSE: BRO) from Neutral to Overweight, Raises PT from $26 to $30
  • Goldman Sachs Upgrades TransDigm (NYSE: TFG) from Neutral to Buy, Raises PT from $137 to $144
To see more of today's upgrades, click here.

  • Cantor Fitzgerald Downgrades Riverbed Technology (NASDAQ: RVBD) from Buy to Hold, Lowers PT from $32 to $27
  • Goldman Sachs Downgrades Lumber Liquidators (NYSE: LL) from Buy to Neutral, Maintains PT at $25
To see more of today's downgrades, click here.

On the Economic Calendar

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

Earnings

  • General Electric (NYSE: GE) Reports Q1 EPS $0.34 vs $0.33 Est; Revenues $35.18B vs $34.66B Est
  • Johnson Controls (NYSE: JCI) Reports Q2 EPS $0.53 vs $0.53 Est; Revenues $10.6B vs $10.57B Est
  • Schlumberger (NYSE: SLB) Reports Q1 EPS $0.98 vs $0.98 Est; Revenues $10.61B vs $10.57B Est
  • Kimberly-Clark (NYSE: KMB) Reports Q1 EPS $1.24 vs $1.17 Est; Revenues $5.2B vs $5.04B Est
  • Under Armour (NYSE: UA) Reports Q1 EPS $0.28 vs $0.24 Est; Revenues $384.4M vs $379.97M 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 0.17%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.57%
  • Natural Gas futures are trading 0.42% higher and copper is trading higher by about 0.47%
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 1400 1386 1378 1362 1351
Gold 1667 1655 1643 1632 1619
Crude 104.49 103.78 102.96 102.25 101.43
Natural Gas 1.99 1.94 1.92 1.88 1.85
EUR/USD 1.3220 1.3178 1.3123 1.3081 1.3027
US Dollar Index 80.19 79.94 79.73 79.49 79.26


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