Friday, May 25, 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
- CME Group CME Announces Five-for-One Stock Split
- Bank of America BAC Enters Into Agreement to Sell Remaining Interest in Archstone for $1.58B
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 5 points.
- U.S. Dollar trades about 0.32% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 fell 0.33%, Germany's DAX advanced 0.15% and France's CAC 40 slid 0.27% on the session.
- Asian stocks ended the session mixed as well. China's Shanghai slid 0.72%, Japan's Nikkei 225 added 0.20%, and Hong Kong's Hang Seng gained 0.25%.
To see more overseas news, click here.
Upgrades/Downgrades
- Deutsche Bank Upgrades Siemens SI from Hold to Buy, Raises PT from $80 to $85
- Citigroup Upgrades Carters CRI from Neutral to Buy, Raises PT from $54 to $62
To see more of today's upgrades, click here.
- Jefferies & Company Downgrades HJ Heinz HNZ from Buy to Hold, Lowers PT from $60 to $56
- Goldman Sachs Reduces PT to $64 from $70 on Tiffany & Co TIF on Difficult Macro Environment
To see more of today's downgrades, click here.
On the Economic Calendar
- 09:55 a.m. ET - Michigan Consumer Sentiment
To see more economic news, click here
Earnings
- Yesterday, Post POST Reported Q2 EPS $0.39 vs $0.50 Est; Revs $250.5M vs $248.3M Est
- Yesterday, rue21 RUE Reports Q1 EPS $0.46 vs $0.43 Est; Revenues $205.6M vs $204.10M Est
- Yesterday, VeriFone Systems PAY Reports Q2 EPS $0.64 vs $0.61 Est; Revenues $472M vs $471.82M Est
To see more earnings announcements, click here.
Corporate News
- CME Group CME Announces Five-for-One Stock Split
- Bank of America BAC Enters Into Agreement to Sell Remaining Interest in Archstone for $1.58B
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.41%
- Energy futures are trading higher, with crude oil posting early gains of about 0.43%
- Natural Gas futures are trading 1.2% lower and copper is trading higher by about 0.74%
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 | 1335 | 1329 | 1317 | 1311 | 1300 |
Gold | 1588 | 1573 | 1562 | 1546 | 1535 |
Crude | 92.41 | 91.60 | 90.70 | 89.89 | 88.99 |
Natural Gas | 2.79 | 2.72 | 2.67 | 2.60 | 2.55 |
EUR/USD | 1.2659 | 1.2595 | 1.2555 | 1.2491 | 1.2450 |
US Dollar Index | 82.86 | 82.64 | 82.32 | 82.10 | 81.78 |
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Posted In: NewsBondsUpgradesDowngradesFuturesTechnicalsForexAsset SalesEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading Ideas
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