Market Overview

Financial Breakfast: Morning News Summary for April 30, 2012

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

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 (NYSE: SD) from Neutral to Overweight, Raises PT from $9.5 to $13
  • Dougherty & Company Upgrades Taser International (NASDAQ: 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 (NYSE: PPL) from Buy to Hold, Lowers PT from $31.5 to $27.5
  • Dougherty & Company Downgrades MIPS Technologies (NASDAQ: 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 (NYSE: WPI) Reports Q1 EPS $1.64 vs $1.6 Est; Revenues $1.52B vs $1.48B Est
  • Waddell & Reed Financial (NYSE: WDR) Reports Q1 EPS $0.55 vs $0.49 Est; Revenues $307M vs $303.53M Est
  • Loews (NYSE: L) Reports Q1 EPS $0.92 vs $0.9 Est; Revenues $3.74B
  • Humana (NYSE: 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

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 Forex

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

 

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