Market Overview

Financial Breakfast: Morning News Summary for May 25, 2012

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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

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 (NYSE: SI) from Hold to Buy, Raises PT from $80 to $85
  • Citigroup Upgrades Carters (NYSE: 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 (NYSE: HNZ) from Buy to Hold, Lowers PT from $60 to $56
  • Goldman Sachs Reduces PT to $64 from $70 on Tiffany & Co (NYSE: 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 (NASDAQ: POST) Reported Q2 EPS $0.39 vs $0.50 Est; Revs $250.5M vs $248.3M Est
  • Yesterday, rue21 (NYSE: RUE) Reports Q1 EPS $0.46 vs $0.43 Est; Revenues $205.6M vs $204.10M Est
  • Yesterday, VeriFone Systems (NYSE: 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

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 Forex

Name 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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DateFirmActionFromTo
Sep 2014Keefe Bruyette & WoodsMaintainsOutperform
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