Friday, June 8, 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
- Molina Healthcare MOH Rises 29% Pre-Market on Thursday's Announcement it Would Continue as Medicaid Managed Care Provider in Ohio
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade lower about 61 points.
- U.S. Dollar trades about 0.87% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 declined 0.95%, Germany's DAX fell 0.83 % and France's CAC 40 slid 1.04% on the session.
- Asian stocks ended the session lower as well. China's Shanghai slid 0.51%, Japan's Nikkei 225 fell 2.09%, and Hong Kong's Hang Seng declined 0.94%.
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley Upgrades Kinder Morgan KMI from Equal-weight to Overweight, Maintains $42 PT
- Bank of America Upgrades Onyx Pharmaceuticals ONXX from Neutral to Buy, Raises PO from $47 to $57
To see more of today's upgrades, click here.
- Deutsche Bank Downgrades Navistar NAV from Buy to Hold, Lowers PT from $50 to $35
- Jefferies & Company Downgrades Red Robin Gourmet Burgers RRGB from Buy to Hold, Raises PT from $26 to $32
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET - Trade Balance
To see more economic news, click here
Earnings
-
No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Coronado Biosciences CNDO Receives Notice of Allowance for First U.S. Patent Covering CNDO-109
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.56%
- Energy futures are trading lower, with crude oil posting early losses of about 3.14%
- Natural Gas futures are trading 1.54% lower and copper is trading lower by about 2.77%
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 | 1336 | 1326 | 1319 | 1309 | 1300 |
Gold | 1651 | 1620 | 1600 | 1569 | 1548 |
Crude | 88.29 | 85.95 | 84.69 | 82.25 | 81.09 |
Natural Gas | 2.49 | 2.38 | 2.32 | 2.21 | 2.15 |
EUR/USD | 1.2659 | 1.2608 | 1.2574 | 1.2523 | 1.2489 |
US Dollar Index | 82.74 | 82.53 | 82.24 | 82.03 | 81.75 |
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Posted In: NewsBondsUpgradesDowngradesFuturesTechnicalsCommoditiesForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneralConstruction & Farm Machinery & Heavy TrucksIndustrials
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