Market Overview

Financial Breakfast: Morning News Summary for July 30, 2012

Monday, July 30, 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

  • Roper Industries (NYSE: ROP) Reported Q2 EPS $1.15 vs $1.15 Est; Revenues $724.9M vs $746.97M Est
  • Armstrong World Industries (NYSE: AWI) Reported Q2 EPS $0.71 vs $0.78 Est; Revenues $709.9M vs $762.39M Est
  • Roper Industries (NYSE: ROP) to Acquire Sunquest Information Systems for $1.415B; Raises Guidance

Domestic Pre-Market Trading

  • U.S. Equity Markets trade down as Dow futures trade lower about 18 points.
  • U.S. Dollar trades about 0.11% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.53%, Germany's DAX gained 0.78% and France's CAC 40 advanced 0.50% on the session.
  • Asian stocks ended the session mixed. China's Shanghai fell 0.89%, Japan's Nikkei 225 added 0.80%, and the Hong Kong's Hang Seng Market gained 1.61%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Global Hunter Securities Upgrades Arch Coal (NYSE: ACI) from Neutral to Buy
To see more of today's upgrades, click here.

  • Jefferies & Company Downgrades Eli Lilly (NYSE: LLY) from Hold to Underperform, Lowers PT from $37 to $35
To see more of today's downgrades, click here.

On the Economic Calendar

  • 10:30 ET - Dallas Fed Mfg Business Index
  • 11:30 - 3-Month Bill Auction
  • 11:30 - 6-Month Bill Auction
To see more economic news, click here

Earnings

  • Roper Industries (NYSE: ROP) Reported Q2 EPS $1.15 vs $1.15 Est; Revenues $724.9M vs $746.97M Est
  • Armstrong World Industries (NYSE: AWI) Reported Q2 EPS $0.71 vs $0.78 Est; Revenues $709.9M vs $762.39M Est
To see more earnings announcements, click here.

Corporate News

  • Roper Industries (NYSE: ROP) to Acquire Sunquest Information Systems for $1.415B; Raises Guidance
  • Sykes Enterprises (NASDAQ: SYKE) to Acquire Alpine Access for $150M; Raises Q2 EPS Guidance, Cuts 2012 EPS, Rev Guidance
  • Friday, Salix (NASDAQ: SLXP) and Progenics (NASDAQ: PGNX) Receive CRL from FDA for RELISTOR sNDA; FDA Requests More Data
  • Chevron (NYSE: CVX) to Expand Bangladesh Natural Gas Project
  • OCZ Technology (NYSE: OCZ) Rises 24% Pre-Market Ahead of Earnings After the Close, Rumored Seagate Takeover Announcement
To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.02%
  • Energy futures are trading lower, with crude oil posting early losses of about 0.04%
  • Natural Gas futures are trading up about 2.06% and copper is trading down by about 0.18%
To see more commodities news, click here.



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

 

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