Financial Breakfast: Morning News Summary for June 28, 2012
Thursday, June 28, 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
- Family Dollar Stores (NYSE: FDO) Reports Q3 EPS $1.06 vs $1.07 Est; Revenues $2.36B vs $2.37B Est
- Vertex (NASDAQ: VRTX) Announces Final Data from Phase 2 Combination Study of VX-809 and KALYDECO Showed Statistically Significant Improvements
Domestic Pre-Market Trading
- U.S. Equity Markets trade down as Dow futures trade lower about 70 points.
- U.S. Dollar trades about 0.08% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 dropped 0.90%, Germany's DAX slid 0.83% and France's CAC 40 fell 0.84% on the session.
- Asian stocks ended the session mixed. China's Shanghai fell 0.95%, Japan's Nikkei 225 advanced 1.65%, and Hong Kong's Hang Seng slid 0.79%.
To see more overseas news, click here.
Upgrades/Downgrades
- JP Morgan Upgrades Orexigen Therapeutics (NASDAQ: OREX) from Neutral to Overweight, Maintains PT at $10
To see more of today's upgrades, click here.
- Citigroup Downgrades Actuant (NYSE: ATU) from Buy to Neutral, Lowers PT from $33 to $29
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET - GDP (QoQ)
- 08:30 - Initial, Continuing Jobless Claims
- 10:30 - Natural Gas Storage
- 11:00 - KC Fed Manufacturing
- 12:00 - FOMC Member Fisher Speaks
- 13:00 - 7-Year Note Auction
To see more economic news, click here
Earnings
- Family Dollar Stores (NYSE: FDO) Reports Q3 EPS $1.06 vs $1.07 Est; Revenues $2.36B vs $2.37B Est
- Greenbriers (NYSE: GBX) Reports Q3 EPS $0.61 vs $0.60 Est; Revenues $507.8M vs $519.39M Est
To see more earnings announcements, click here.
Corporate News
- Vertex (NASDAQ: VRTX) Announces Final Data from Phase 2 Combination Study of VX-809 and KALYDECO Showed Statistically Significant Improvements
- Shire's (NASDAQ: SHPGY) VPRIV Shows Significant Improvement in Gaucher-Related Bone Disease
- Lawson Products (NASDAQ: LAWS) Announces Strategic Restructuring
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.49%
- Energy futures are trading higher, with crude oil posting early gains of about 0.25%
- Natural Gas futures are trading 0.64% higher and copper is trading lower by about 0.18%
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 | 1336 | 1331 | 1322 | 1317 | 1307 |
| Gold | 1596 | 1586 | 1574 | 1564 | 1553 |
| Crude | 82.26 | 81.35 | 80.02 | 79.11 | 77.78 |
| Natural Gas | 3.04 | 2.90 | 2.83 | 2.69 | 2.62 |
| EUR/USD | 1.2532 | 1.2499 | 1.2472 | 1.2439 | 1.2412 |
| US Dollar Index | 83.13 | 82.95 | 82.72 | 82.54 | 82.32 |
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