Market Overview

Financial Breakfast: Morning News Summary for July 20, 2012

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Friday, July 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

  • DIRECTV (NYSE: DTV) and Viacom (NYSE: VIA) Reach Agreement for Return of Viacom's 17 Channels
  • General Electric (NYSE: GE) Reported Q2 EPS $0.38 vs $0.37 Est; Revenues $36.5B vs $36.80B Est
  • Yesterday, Google (NASDAQ: GOOG) Reported Q2 EPS $10.12 vs $10.04 Est; Revenues $8.42B vs $8.41B Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade down as Dow futures trade lower about 39 points.
  • U.S. Dollar trades about 0.28% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 fell 0.55%, Germany's DAX slid 0.27% and France's CAC 40 dropped 0.76% on the session.
  • Asian stocks ended the session mixed. China's Shanghai slid 0.74%, Japan's Nikkei 225 fell 1.43%, and the Hong Kong's Hang Seng Market advanced 0.42%.
To see more overseas news, click here.

Upgrades/Downgrades

  • JP Morgan Upgrades eBay (NASDAQ: EBAY) from Neutral to Overweight, Raises PT from $39 to $50
To see more of today's upgrades, click here.

  • Canaccord Downgrades Advanced Micro Devices (NYSE: AMD) from Buy to Hold, Lowers PT from $7 to $5
To see more of today's downgrades, click here.

On the Economic Calendar

    No Major Economic Events Today
To see more economic news, click here

Earnings

  • General Electric (NYSE: GE) Reported Q2 EPS $0.38 vs $0.37 Est; Revenues $36.5B vs $36.80B Est
  • Xerox (NYSE: XRX) Reported Q2 EPS $0.26 vs $0.26 Est; Revenues $5.5B vs $5.59B Est
  • American Electric Power (NYSE: AEP) Reported Q2 EPS $0.77 vs $0.71 Est; Revenues $3.6B vs $3.58B Est
  • Yesterday, Google (NASDAQ: GOOG) Reported Q2 EPS $10.12 vs $10.04 Est; Revenues $8.42B vs $8.41B Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.11%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.27%
  • Natural Gas futures are trading flat and copper is trading down by about 1.64%
To see more commodities news, click here.



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