Market Overview

Financial Breakfast: Morning News Summary for June 28, 2012

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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

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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Latest Ratings for FDO

DateFirmActionFromTo
Sep 2014UBSInitiates Coverage onNeutral
Jul 2014Piper JaffrayUpgradesUnderweightNeutral
Jul 2014Deutsche BankMaintainsHold

View More Analyst Ratings for FDO
View the Latest Analyst Ratings

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

 

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