Market Overview

Financial Breakfast: Morning News Summary for May 9, 2012

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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
  • Domestic Pre-Market Trading

    • U.S. Equity Markets trade lower as Dow futures trade down about 87 points.
    • U.S. Dollar trades about 0.31% higher.
    To see more pre-market news, click here.

    Overseas Trading

    • 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%.
    To see more overseas news, click here.

    Upgrades/Downgrades

    • 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
    To see more of today's upgrades, click here.

    • 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
    To see more of today's downgrades, click here.

    On the Economic Calendar

    • 10:00 a.m. ET - Wholesale Inventories (MoM)
    • 10:30 - Gasoline Inventories
    • 10:30 - Crude Oil Inventories
    • 13:00 - 10-Year Note Auction
    To see more economic news, click here

    Earnings

    • 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
    To see more earnings announcements, click here.

    Corporate News

    • From Yesterday, Green Mountain Coffee (NASDAQ: GMCR) Fires Stiller as Chairman, Mardy Replaces as Interim Chairman
    To see more corporate news, click here.

    Commodities

    • 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%
    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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Latest Ratings for AOL

DateFirmActionFromTo
Dec 2014Monness Crespi HardtInitiates Coverage onBuy
Nov 2014Cantor FitzgeraldMaintainsBuy
Nov 2014CitigroupMaintainsNeutral

View More Analyst Ratings for AOL
View the Latest Analyst Ratings

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

 

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