Financial Breakfast: Morning News Summary for May 30, 2012

Wednesday, May 30, 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

  • EU Weighs Direct Aid For Banks
  • Booz Allen Hamilton Reports Q4 EPS $0.44 vs $0.41 Est; Revenues $1.54B vs $1.55B Est
  • Tim Cook Says Apple's AAPL Relationship with Facebook FB is 'Very Solid', Stay Tuned
  • Yesterday, Research in Motion RIMM Hires Bankers, Looks to Pursue "Strategic Options"; Expected to Report Operating Losses for Q1

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 85 points.
  • U.S. Dollar trades about 0.16% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 1.29%, Germany's DAX slid 0.71% and France's CAC 40 declined 0.99% on the session.
  • Asian stocks ended the session lower as well. China's Shanghai slid 0.26%, Japan's Nikkei 225 declined 0.28%, and Hong Kong's Hang Seng fell 1.92%.
  • Economic Sentiment For The Euro-Zone Declined To 90.6, Versus 92.9 In April
  • EU Weighs Direct Aid For Banks
To see more overseas news, click here.

Upgrades/Downgrades

  • Goldman Sachs Upgrades Wynn Resorts WYNN from Neutral to Buy, Maintains PT at $136
  • Oppenheimer Upgrades Jack in the Box JACK from Perform to Outperform, Announces $32 PT
To see more of today's upgrades, click here.

  • Deutsche Bank Downgrades Frontline FRO from Hold to Sell, Lowers PT from $6 to $2
  • Dahlman Rose Downgrades Agnico-Eagle Mines AEM from Buy to Hold
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:55 a.m. ET - Redbook (MoM)
  • 10:00 - Pending Home Sales (MoM)
  • 11:30 - 52-Week Bill Auction
  • 11:30 - 4-Week Bill Auction
  • 11:30 - ECB President Draghi Speaks
  • 12:20 - FOMC Member Fisher Speaks
To see more economic news, click here

Earnings

  • Booz Allen Hamilton Reports Q4 EPS $0.44 vs $0.41 Est; Revenues $1.54B vs $1.55B Est
  • The Fresh Market TFM Reports Q1 EPS $0.4 vs $0.36 Est; Revenues $324.8M vs $310.48M Est
  • JOS A Bank Clothiers JOSB Reports Q1 EPS $0.53 vs $0.62 Est; Revenues $201.4M vs $208.9M Est
To see more earnings announcements, click here.

Corporate News

  • Tim Cook Says Apple's AAPL Relationship with Facebook FB is 'Very Solid', Stay Tuned
  • Finish Line FINL Outlines Long-Term Operating Targets; Updates Fiscal First Quarter Outlook; Expects Q1 EPS $0.22-0.23 from $0.21 Prior and vs $0.22 Est
  • Yesterday, Research in Motion RIMM Hires Bankers, Looks to Pursue "Strategic Options"; Expected to Report Operating Losses for Q1
To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.26%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.45%
  • Natural Gas futures are trading 2.6% lower and copper is trading lower by about 1.46%
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 1343 1338 1329 1324 1315
Gold 1600 1578 1563 1541 1526
Crude 93.09 92.00 91.13 90.04 89.17
Natural Gas 2.66 2.58 2.52 2.43 2.37
EUR/USD 1.2625 1.2563 1.2512 1.2450 1.2398
US Dollar Index 83.02 82.75 82.44 82.17 81.86


Subscribe Click here to subscribe to this newsletter. Receive it daily to your inbox!
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
▲▼
ticker
▲▼
name
▲▼
Price Target
▲▼
Upside/Downside
▲▼
Recommendation
▲▼
Firm
▲▼
Posted In: NewsBondsGuidanceUpgradesDowngradesFuturesTechnicalsCommoditiesForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneral
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!