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Financial Breakfast: Morning News Summary for May 15, 2012

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Tuesday, May 15, 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

  • Home Depot Reports (NYSE: HD) Q1 EPS $0.65 vs $0.65 Est; Revenues $17.8B vs $17.93B Est
  • Arctic Cat (NASDAQ: ACAT) Reports Q4 EPS $-0.49 vs $-0.56 Est; Revenues $98.5M vs $92.71M Est
  • Coty Withdraws Proposal For Avon (NYSE: AVP)
  • Domestic Pre-Market Trading

    • U.S. Equity Markets trade lower as Dow futures trade up about 47 points.
    • U.S. Dollar trades about 0.01% higher.
    To see more pre-market news, click here.

    Overseas Trading

    • European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.10%, Germany's DAX added 0.05% and France's CAC 40 advanced 0.44% on the session.
    • Asian stocks ended the session mixed as well. China's Shanghai slid 0.25%, Japan's Nikkei 225 fell 0.81%, and Hong Kong's Hang Seng added 0.81%.
    To see more overseas news, click here.

    Upgrades/Downgrades

    • Bank of America Upgrades Juniper Networks (NASDAQ: JNPR) from Neutral to Buy, Raises PO from $24 to $25
    • Bank of America Upgrades Flextronics International (NASDAQ: FLEX) from Neutral to Buy, Raises PO from $7.5 to $8.5
    To see more of today's upgrades, click here.

    • Jefferies & Company Downgrades Xcel Energy (NYSE: XEL) from Buy to Hold, Lowers PT from $30 to $29
    • Deutsche Bank Downgrades Aon (NYSE: AON) from Buy to Hold, Lowers PT from $55 to $52
    To see more of today's downgrades, click here.

    On the Economic Calendar

    • 08:30 - a.m. ET - NY Empire State Manufacturing Index
    • 08:30 - CPI
    • 08:30 - Retail Sales (MoM)
    • 08:55 - Redbook (MoM)
    • 09:00 - US Foreign Buying, T-bonds
    • 09:00 - Overall Net Capital Flow
    • 09:00 - TIC Net Long-Term Transactions
    • 10:00 - Business Inventories (MoM)
    • 10:00 - NAHB Housing Market Index
    • 11:30 - 4-Week Bill Auction
    To see more economic news, click here

    Earnings

    • Home Depot Reports (NYSE: HD) Q1 EPS $0.65 vs $0.65 Est; Revenues $17.8B vs $17.93B Est
    • Arctic Cat (NASDAQ: ACAT) Reports Q4 EPS $-0.49 vs $-0.56 Est; Revenues $98.5M vs $92.71M Est
    • A123 SYSTEMS (NASDAQ: AONE) Reports Q1 EPS $-0.87 vs $-0.39 Est; Revenues $10.9M vs $18.39M 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 0.05%
    • Energy futures are trading lower, with crude oil posting early losses of about 0.01%
    • Natural Gas futures are trading 0.37% lower and copper is trading lower by about 0.42%
    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 1353 1343 1338 1329 1323
    Gold 1591 1574 1564 1547 1537
    Crude 96.62 95.36 94.50 93.24 92.38
    Natural Gas 2.55 2.48 2.45 2.38 2.34
    EUR/USD 1.2922 1.2872 1.2845 1.2796 1.2770
    US Dollar Index 81.08 80.97 80.75 80.64 80.42


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

 

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