Market Overview

Financial Breakfast: Morning News Summary for July 18, 2012

Wednesday, July 18, 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

  • Bank of America (NYSE: BAC) Reports Q2 EPS $0.19 vs $0.14 Est; Revenues $21.97B vs $22.87B Est
  • Stanley Black and Decker(NYSE: SWK) Reports Q2 EPS $1.32 vs $1.52 Est; Revenues $2.81B vs $2.90B Est; Announces 20% Dividend Increase and 20M Share Repurchase Authorization

Domestic Pre-Market Trading

  • U.S. Equity Markets trade down as Dow futures trade lower about 35 points.
  • U.S. Dollar trades about 0.31% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.05%, Germany's DAX advanced 0.13% and France's CAC 40 gained 0.58% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.37%, Japan's Nikkei 225 slid 0.32%, and the Hong Kong's Hang Seng Market fell 1.11%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Jefferies & Company Upgrades Oshkosh (NYSE: OSK) from Hold to Buy
To see more of today's upgrades, click here.

  • Wunderlich Securities Downgrades Tesla Motors (NASDAQ: TSLA) from Buy to Sell, Lowers PT from $49 to $28
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 ET - Housing Starts
  • 08:30 - Building Permits
  • 10:00 - Fed Chairman Bernanke Testifies
  • 10:30 - Crude Oil Inventories
  • 14:00 - Beige Book
To see more economic news, click here

Earnings

  • Bank of America (NYSE: BAC) Reports Q2 EPS $0.19 vs $0.14 Est; Revenues $21.97B vs $22.87B Est
  • Bank of New York (NYSE: BK) Reports Q2 EPS $0.57 vs $0.53 Est; Revenues $3.62B vs $3.62B Est
  • Stanley Black and Decker(NYSE: SWK) Reports Q2 EPS $1.32 vs $1.52 Est; Revenues $2.81B vs $2.90B Est; Announces 20% Dividend Increase and 20M Share Repurchase Authorization
  • Yesterday, Intel (NASDAQ: INTC) reported upbeat Q2 adjusted earnings. However, lowered its quarterly sales forecast.
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 0.79%
  • Energy futures are trading lower, with crude oil posting early losses of about 0.59%
  • Natural Gas futures are trading 0.07% lower and copper is trading down by about 0.30%
To see more commodities news, click here.



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

 

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