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Friday, May 11, 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 73 points.
- U.S. Dollar trades about 0.17% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 slid 0.66%, Germany's DAX fell 0.61% and France's CAC 40 dropped 1.1% on the session.
- Asian stocks ended the session lower as well. China's Shanghai slid 0.62%, Japan's Nikkei 225 fell 0.63%, and Hong Kong's Hang Seng dropped 1.3%.
To see more overseas news, click here.
Upgrades/Downgrades
- Credit Suisse Upgrades Bed Bath & Beyond BBBY from Neutral to Buy, Raises PT from $75 to $91
- Credit Suisse Upgrades Verizon Communications VZ from Neutral to Outperform, Raises PT from $38 to $45
To see more of today's upgrades, click here.
- Credit Suisse Downgrades Best Buy BBY from Outperform to Neutral, Lowers PT from $32 to $20
- Citigroup Downgrades Windstream WIN from Buy to Neutral, Lowers PT from $15 to $11
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET - PPI (MoM)
- 08:30 - Core PPI (MoM)
- 09:55 - Michigan Consumer Sentiment
To see more economic news, click here
Earnings
- ReneSola SOL Reports Q1 EPS $-0.23 vs $-0.31 Est; Revenues $211.5M vs $177.60M Est
To see more earnings announcements, click here.
Corporate News
- Yesterday, JPMorgan Chase & Co JPM revealed a trading loss of $2 billion in its synthetic credit portfolio.
- Yesterday, FDA Panel Votes 18-4-1 That Available Data Demonstrate Potential Benefits of Arena Pharmaceutical's ARNA Lorcaserin Outweigh Potential Risks
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.9%
- Energy futures are trading lower, with crude oil posting early losses of about 1.12%
- Natural Gas futures are trading 0.04% higher and copper is trading lower by about 1.84%
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 | 1372 | 1364 | 1356 | 1349 | 1340 |
Gold | 1610 | 1602 | 1593 | 1584 | 1576 |
Crude | 98.38 | 97.47 | 96.77 | 95.90 | 95.16 |
Natural Gas | 2.57 | 2.52 | 2.46 | 2.41 | 2.35 |
EUR/USD | 1.3000 | 1.2967 | 1.2945 | 1.2912 | 1.2891 |
US Dollar Index | 80.50 | 80.42 | 80.24 | 80.15 | 79.99 |
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Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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Posted In: EarningsNewsBondsUpgradesDowngradesFuturesTechnicalsCommoditiesForexLegalEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneral
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