Wednesday, June 27, 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
- General Mills GIS Reports Q4 EPS $0.60 vs $0.59 Est; Revenues $4.1B vs $4.11B Est
- Reports Yesterday State Best Buy BBY Founder Exploring Buyout
Domestic Pre-Market Trading
- U.S. Equity Markets trade up as Dow futures trade higher about 4 points.
- U.S. Dollar trades about 0.04% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are slightly higher in afternoon trading. Britain's FTSE 100 added 0.36%, Germany's DAX gained 0.34% and France's CAC 40 advanced 0.48% on the session.
- Asian stocks ended the session mixed. China's Shanghai fell 0.24%, Japan's Nikkei 225 advanced 0.77%, and Hong Kong's Hang Seng added 1.03%.
To see more overseas news, click here.
Upgrades/Downgrades
- The Benchmark Company Upgrades Valueclick VCLK from Hold to Buy, Maintains PT at $20
To see more of today's upgrades, click here.
- Citigroup Downgrades Nordstrom JWN from Buy to Neutral, Lowers PT from $63 to $52
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET - Durable Goods Orders (MoM)
- 10:00 - Pending Home Sales (MoM)
- 10:30 - Crude Oil Inventories
- 10:30 - Gasoline Inventories
- 13:00 - 5-Year Note Auction
To see more economic news, click here
Earnings
- General Mills GIS Reports Q4 EPS $0.60 vs $0.59 Est; Revenues $4.1B vs $4.11B Est
- Lennar LEN Reports Q2 EPS $0.21 vs $0.17 Est; Revenues $930.2M vs $885.71M Est
- McCormick MKC Reports Q2 EPS $0.60 vs $0.60 Est; Revenues $984M vs $969.79M Est
To see more earnings announcements, click here.
Corporate News
- Reports Yesterday State Best Buy BBY Founder Exploring Buyout
- Yahoo! YHOO and Spotify Announce Global Content Distribution and Promotion Deal
- United Therapeutics UTHR Announces Additional $100 Million Share Repurchase Program
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.32%
- Energy futures are trading higher, with crude oil posting early gains of about 0.01%
- Natural Gas futures are trading 1.43% higher and copper is trading lower by about 0.08%
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 | 1327 | 1322 | 1312 | 1307 | 1297 |
Gold | 1595 | 1584 | 1576 | 1565 | 1557 |
Crude | 80.46 | 79.91 | 79.14 | 78.59 | 77.82 |
Natural Gas | 2.86 | 2.82 | 2.74 | 2.70 | 2.62 |
EUR/USD | 1.2577 | 1.2536 | 1.2489 | 1.2447 | 1.2399 |
US Dollar Index | 83.03 | 82.77 | 82.59 | 82.34 | 82.16 |
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