Monday, April 30, 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
- Energy Transfer Partners ETP to Acquire Sunoco SUN in $5.3 Billion Transaction
- Hologic HOLX to Acquire Gen-Probe GPRO for $82.75/Share
- Barnes & Noble BKS and Microsoft MSFT Form Strategic Partnership
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 3 points.
- U.S. Dollar trades about 0.16% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.34%, Germany's DAX gained 0.16% and France's CAC 40 fell 0.67% on the session.
- Asian stocks ended the session mixed as well. China's Shanghai slid 0.35%, Japan's Nikkei 225 fell 0.43%, and Hong Kong's Hang Seng added 1.7%.
To see more overseas news, click here.
Upgrades/Downgrades
- JP Morgan Upgrades SandRidge Energy SD from Neutral to Overweight, Raises PT from $9.5 to $13
- Dougherty & Company Upgrades Taser International TASR from Neutral to Buy, Raises PT from $4.5 to $5.5
To see more of today's upgrades, click here.
- Jefferies & Company Downgrades PPL PPL from Buy to Hold, Lowers PT from $31.5 to $27.5
- Dougherty & Company Downgrades MIPS Technologies MIPS from Buy to Neutral, Maintains PT at $6
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET - Core PCE Price Index (MoM)
- 08:30 - Personal Spending (MoM)
- 08:30 - Personal Income (MoM)
- 09:45 - Chicago PMI
- 10:00 - Dallas Fed Mfg Business Index
- 11:30 - 6-Month Bill Auction
- 11:30 - 3-Month Bill Auction
- 16:30 - FOMC Member Fisher Speaks
To see more economic news, click here
Earnings
- Watson Pharmaceuticals WPI Reports Q1 EPS $1.64 vs $1.6 Est; Revenues $1.52B vs $1.48B Est
- Waddell & Reed Financial WDR Reports Q1 EPS $0.55 vs $0.49 Est; Revenues $307M vs $303.53M Est
- Loews L Reports Q1 EPS $0.92 vs $0.9 Est; Revenues $3.74B
- Humana HUM Reports Q1 EPS $1.49 vs $1.53 Est; Revenues $10.22B vs $10.09B Est
To see more earnings announcements, click here.
Corporate News
- Energy Transfer Partners ETP to Acquire Sunoco SUN in $5.3 Billion Transaction
- Hologic HOLX to Acquire Gen-Probe GPRO for $82.75/Share
- Barnes & Noble BKS and Microsoft MSFT Form Strategic Partnership
- Anderson Family Proposes Transaction to Acquire 100% of Public Interest in Books-A-Million BAMM for $3.05/Share
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.11%
- Energy futures are trading lower, with crude oil posting early losses of about 0.6%
- Natural Gas futures are trading 0.64% lower and copper is trading lower by about 0.22%
To see more commodities news, click here.
Benzinga's Morning Radar
Technical Levels for Futures and ForexName | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
E-Mini S&P 500 | 1412 | 1405 | 1396 | 1389 | 1379 |
Gold | 1678 | 1670 | 1660 | 1653 | 1643 |
Crude | 105.78 | 105.29 | 104.52 | 104.03 | 103.26 |
Natural Gas | 2.25 | 2.22 | 2.16 | 2.13 | 2.07 |
EUR/USD | 1.3338 | 1.3295 | 1.3226 | 1.3182 | 1.3182 |
US Dollar Index | 79.55 | 79.16 | 78.95 | 78.54 | 78.32 |
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