Market Overview

Financial Breakfast: Morning News Summary for May 4, 2012

Related GEOY
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Friday, May 4, 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

  • GeoEye (NASDAQ: GEOY) Proposes Acquisition Of DigitalGlobe (NYSE: DGI) for $17/Share
  • Duke Energy (NYSE: DUK) Reports Q1 EPS $0.38 vs $0.37 Est; Revenues $3.63B vs $3.60B Est
  • Domestic Pre-Market Trading

    • U.S. Equity Markets trade higher as Dow futures trade up about 12 points.
    • U.S. Dollar trades about 0.06% higher.
    To see more pre-market news, click here.

    Overseas Trading

    • European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.50%, Germany's DAX fell 0.29% and France's CAC 40 added 0.11% on the session.
    • Asian stocks ended the session mixed as well. China's Shanghai added 0.50%, Japan's Nikkei 225 gained 0.31%, and Hong Kong's Hang Seng slid 0.77%.
    To see more overseas news, click here.

    Upgrades/Downgrades

    • JP Morgan Upgrades Whole Foods Market (NYSE: WFM) from Neutral to Overweight, Raises PT from $77 to $105
    • Goldman Sachs Upgrades Health Net (NYSE: HNT) from Neutral to Buy, Maintains PT at $35
    To see more of today's upgrades, click here.

    • Deutsche Bank Downgrades Mednax (NYSE: MD) from Buy to Hold, Lowers PT from $81 to $73
    • Versant Partners Downgrades Open Text (NASDAQ: OTEX) from Buy to Neutral, Lowers PT from $70 to $62
    To see more of today's downgrades, click here.

    On the Economic Calendar

    • 08:30 a.m. ET - Private Nonfarm Payrolls
    • 08:30 - Nonfarm Payrolls
    • 08:30 - Unemployment Rate
    To see more economic news, click here

    Earnings

    • Duke Energy (NYSE: DUK) Reports Q1 EPS $0.38 vs $0.37 Est; Revenues $3.63B vs $3.60B Est
    • PPL (NYSE: PPL) Reports Q1 EPS $0.70 vs $0.66 Est; Revenues $4.11B May Not Compare vs $3.14B Est
    • Exelis (NYSE: XLS) Reports Q1 EPS $0.47 vs $0.42 Est; Revenues $1.4B vs $1.34B Es
    • Church & Dwight (NYSE: CHD) Reports Q1 EPS $0.66 vs $0.61 Est; Revenues $690.6M vs $672.96M 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 0.10%
    • Energy futures are trading lower, with crude oil posting early losses of about 1.32%
    • Natural Gas futures are trading 0.04% lower and copper is trading higher by about 0.29%
    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 1409 1397 1391 1379 1372
    Gold 1657 1646 1639 1628 1620
    Crude 106.35 104.40 103.38 101.42 100.41
    Natural Gas 2.44 2.39 2.32 2.27 2.21
    EUR/USD 1.3226 1.3189 1.3141 1.3104 1.3057
    US Dollar Index 79.70 79.48 79.30 79.10 78.93


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Posted-In: Bonds Earnings News Guidance Upgrades Downgrades Futures Commodities Technicals Forex M&A Events Global Econ #s Economics Pre-Market Outlook Markets Analyst Ratings Trading Ideas General Best of Benzinga

 

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