Financial Breakfast: Morning News Summary for May 9, 2012
Wednesday, May 9, 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
- AOL (NYSE: AOL) Reports Q1 EPS $0.22 vs $0.07 Est; Revenues $529.4M vs $526.48M Est
- Teva Pharmaceutical (NASDAQ: TEVA) Reports Q1 EPS $1.47 vs $1.44 Est; Revenues $5.1B vs $5.51B Est
- From Yesterday, Green Mountain Coffee (NASDAQ: GMCR) Fires Stiller as Chairman, Mardy Replaces as Interim Chairman
- U.S. Equity Markets trade lower as Dow futures trade down about 87 points.
- U.S. Dollar trades about 0.31% higher.
- European markets are lower in afternoon trading. Britain's FTSE 100 slid 1.05%, Germany's DAX fell 0.42% and France's CAC 40 dropped 1.05% on the session.
- Asian stocks ended the session lower as well. China's Shanghai slid 1.62%, Japan's Nikkei 225 fell 1.49%, and Hong Kong's Hang Seng dropped 0.75%.
- Morgan Stanley Upgrades Dow Chemical (NYSE: DOW) from Equal-weight to Overweight, Raises PT from $35 to $38
- Piper Jaffray Upgrades Veeco Instruments (NASDAQ: VECO) from Neutral to Overweight, Raises PT from $30 to $50
- JP Morgan Downgrades Fossil (NASDAQ: FOSL) from Overweight to Neutral, Lowers PT from $138 to $88
- Jefferies & Company Downgrades Chiquita Brands (NYSE: CQB) from Buy to Hold, Lowers PT from $12 to $7.5
- 10:00 a.m. ET - Wholesale Inventories (MoM)
- 10:30 - Gasoline Inventories
- 10:30 - Crude Oil Inventories
- 13:00 - 10-Year Note Auction
- AOL (NYSE: AOL) Reports Q1 EPS $0.22 vs $0.07 Est; Revenues $529.4M vs $526.48M Est
- Spectrum Brands (NYSE: SPB) Reports Q2 EPS $0.34 vs $0.32 Est; Revenues $746.3M vs $724.07M Est
- Teva Pharmaceutical (NASDAQ: TEVA) Reports Q1 EPS $1.47 vs $1.44 Est; Revenues $5.1B vs $5.51B Est
- Dollar Thrifty Automotive (NYSE: DTG) Reports Q1 EPS $1.35 vs $1.3 Est; Revenues $356.3M vs $355.53M Est
- From Yesterday, Green Mountain Coffee (NASDAQ: GMCR) Fires Stiller as Chairman, Mardy Replaces as Interim Chairman
- Precious metals are trading lower, with gold posting early losses of about 1.21%
- Energy futures are trading lower, with crude oil posting early losses of about 0.84%
- Natural Gas futures are trading 2.2% higher and copper is trading lower by about 1.31%
Domestic Pre-Market Trading
To see more pre-market news, click here.
Overseas Trading
To see more overseas news, click here.
Upgrades/Downgrades
To see more of today's upgrades, click here.
To see more of today's downgrades, click here.
On the Economic Calendar
To see more economic news, click here
Earnings
To see more earnings announcements, click here.
Corporate News
To see more corporate news, click here.
Commodities
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 | 1379 | 1369 | 1356 | 1346 | 1333 |
| Gold | 1655 | 1630 | 1613 | 1585 | 1570 |
| Crude | 99.26 | 98.33 | 96.93 | 96.00 | 94.60 |
| Natural Gas | 2.57 | 2.50 | 2.39 | 2.32 | 2.20 |
| EUR/USD | 1.3070 | 1.3037 | 1.3009 | 1.2977 | 1.2949 |
| US Dollar Index | 80.24 | 80.09 | 79.92 | 79.77 | 79.61 |
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