Market Overview

Financial Breakfast: Morning News Summary for April 26, 2012

Thursday, April 26, 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

  • PepsiCo (NYSE: PEP) Reports Q1 EPS $0.69 vs $0.67 Est; Revenues $12.43B vs $12.36B Est
  • Dow Chemical (NYSE: DOW) Reports Q1 EPS $0.61 vs $0.6 Est; Revenues $14.7B vs $15.01B Est
  • Cracker Barrel (NASDAQ: CBRL) Increases Quarterly Dividend 60% to $0.40

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade down about 10 points.
  • U.S. Dollar trades about 0.02% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 added 0.01%, Germany's DAX slid 0.38% and France's CAC 40 fell 0.92% on the session.
  • Asian stocks ended the session mixed as well. China's Shanghai slid 0.09%, Japan's Nikkei 225 gained 0.01%, and Hong Kong's Hang Seng added 0.79%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Morgan Stanley Upgrades Rockwell Automation (NYSE: ROK) from Underweight to Equal-weight, Raises PT from $79 to $83
  • Jefferies & Company Upgrades Akamai Technologies (NASDAQ: AKAM) from Hold to Buy, Raises PT from $41 to $42
To see more of today's upgrades, click here.

  • JP Morgan Maintains Varian Medical Systems (NYSE: VAR) at Overweight, Lowers PT from $75 to $73
  • Piper Jaffray Downgrades CNH Global (NYSE: CNH) from Overweight to Neutral, Lowers PT from $52 to $51
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 a.m. ET - Chicago Fed National Activity
  • 08:30 - Continuing Jobless Claims
  • 08:30 - Initial Jobless Claims
  • 10:00 - Pending Home Sales (MoM)
  • 10:30 - Natural Gas Storage
  • 11:00 - KC Fed Manufacturing
  • 13:00 - 7-Year Note Auction
To see more economic news, click here

Earnings

  • PepsiCo (NYSE: PEP) Reports Q1 EPS $0.69 vs $0.67 Est; Revenues $12.43B vs $12.36B Est
  • Dow Chemical (NYSE: DOW) Reports Q1 EPS $0.61 vs $0.6 Est; Revenues $14.7B vs $15.01B Est
  • L-3 Communications (NYSE: LLL) Reports Q1 EPS $2.01 vs $1.88 Est; Revenues $$3.6B vs $3.46B Est
  • Tyco International (NYSE: TYC) Reports Q2 EPS $0.86 vs $0.79 Est; Revenues $4.4B vs $4.22B Est
  • Celgene (NASDAQ: CELG) Reports Q1 EPS $1.08 vs $1.13 Est; Revenues $1.27B vs $1.32B Est
  • Potash (NYSE: POT) Reports Q1 EPS $0.56 vs $0.63 Est; Revenues $1.75B vs $1.79B 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 0.39%
  • Energy futures are trading lower, with crude oil posting early losses of about 0.14%
  • Natural Gas futures are trading 0.09% higher and copper is trading higher by about 1.05%
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 1397 1392 1383 1378 1369
Gold 1662 1653 1639 1631 1616
Crude 105.34 104.65 103.88 103.19 102.42
Natural Gas 2.17 2.12 2.04 2.00 1.92
EUR/USD 1.3271 1.3243 1.3207 1.3180 1.3145
US Dollar Index 79.55 79.35 79.21 79.01 78.87


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

 

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