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Financial Breakfast: Morning News Summary for June 20, 2012

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Wednesday, June 20, 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

  • Quest Software (NASDAQ: QSFT) Has Received Increased Bid to $25.75/Share from $23 Previously
  • Yesterday, Adobe Systems (NASDAQ: ADBE) Reports Q2 EPS $$0.60 vs $0.59 Est; Revenues $1.12B vs $1.11B Est; Guides Q3 EPS $0.56-0.61 vs $0.61 Est, Guides Q3 Revenue $1.075-1.125B vs $1.13B Est
  • Procter & Gamble (NYSE: PG) Lowers Quarterly EPS Guidance from $0.79-0.85 to $0.75-0.79

Domestic Pre-Market Trading

  • U.S. Equity Markets trade up as Dow futures trade higher about 6 points.
  • U.S. Dollar trades about 0.03% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 gained 0.47%, Germany's DAX advanced 0.14% and France's CAC 40 slid 0.16% on the session.
  • Asian stocks ended the session mixed as well. China's Shanghai fell 0.27%, Japan's Nikkei 225 added 1.11%, and Hong Kong's Hang Seng gained 0.53%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Goldman Sachs Upgrades Marathon Petroleum (NYSE: MPC) from Neutral to Buy, $58 PT
To see more of today's upgrades, click here.

  • Goldman Sachs Downgrades ConocoPhillips (NYSE: COP) from Neutral to Sell, Maintains $58 PT
To see more of today's downgrades, click here.

On the Economic Calendar

  • 10:00 a.m. ET - Mass Layoffs
  • 10:30 - Gasoline Inventories
  • 10:30 - Crude Oil Inventories
  • 12:30 - FOMC Statement
  • 12:30 - US Fed Interest Rate Decision
  • 14:15 - Fed Chairman Bernanke Speaks
To see more economic news, click here

Earnings

  • Yesterday, Adobe Systems (NASDAQ: ADBE) Reports Q2 EPS $$0.60 vs $0.59 Est; Revenues $1.12B vs $1.11B Est; Guides Q3 EPS $0.56-0.61 vs $0.61 Est, Guides Q3 Revenue $1.075-1.125B vs $1.13B Est
  • Yesterday, Jabil Circuit (NYSE: JBL) Reports Q3 EPS $0.64 vs $0.64 Est, Revenue $4.25B vs $4.29B 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 0.59%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.02%
  • Natural Gas futures are trading 3.54% higher and copper is trading lower by about 0.48%
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 1368 1359 1347 1338 1327
Gold 1639 1629 1623 1613 1607
Crude 86.04 85.17 83.89 83.02 81.74
Natural Gas 2.74 2.65 2.58 2.49 2.41
EUR/USD 1.2822 1.2753 1.2660 1.2591 1.2498
US Dollar Index 82.64 82.12 81.75 81.23 80.86


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Posted-In: Earnings News Bonds Guidance Upgrades Downgrades Futures Technicals Best of Benzinga

 

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