Market Overview

Financial Breakfast: Morning News Summary for November 25, 2011

Friday, November 25, 2011

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

2,500 stocks were traded that first day, February 8th, 1971. On the NASDAQ.

Benzinga's Top News

Pharmaceutical company Pozen (NASDAQ: POZN) entered into a Purchase and Sale Agreement with CPPIB Credit Investments for an undisclosed amount. </li> </ul>

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower with Dow Futures down about 40 points.
  • U.S. Dollar trades about 0.5% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.32%, Germany's DAX decreased by 0.42% and France's CAC 40 slid by 0.43% on the session.
  • Asian stocks ended the session mixed. China's Shanghai fell 0.7%, Japan's Nikkei 225 lost 0.06% and Hong Kong's Hang Seng Index lost 0.1.37%.
To see more overseas news, click here.

Upgrades/Downgrades

  • The Oxen Group upgrades Green Mountain Coffee Roasters (NASDAQ: GMCR) to Buy, $70 PT
  • UBS upgrades Crestwood Midstream Partners (NYSE: CMLP) to Neutral, $32 PT
To see more of today's upgrades, click here.
  • Fitch Downgrades Portugale's credit rating to BB+
  • Moody's downgrades Hungary's credit rating to Ba1
To see more of today's downgrades, click here.

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On the Economic Calendar

  • Durable Goods Orders came in at -0.7% versus an estimate of -1.2% .
  • Initial Jobless Claims came in at 393K versus an estimate of 390K, Continuing Claims came in at 3691K versus an estimate 3621K.
To see more economic news, click here

Earnings

  • Hormel Foods (NYSE: HRL) reports Q4 EPS $0.43 vs $0.42 Est; Revenues $2.1B vs $2.11B Est
  • Medtronic (NYSE: MDT) reports Q2 EPS $0.84 vs $0.82 Est; Revenues $4.13B vs $4.07B Est
  • ReneSola (NYSE: SOL) Reports 3Q EPS per ADS $(0.09) vs $(0.11) Est; Revenues $189.12M vs $221.76M Est
  • China Digital TV (NYSE: STV) Holding Reports Q3 EPS $0.17-ADS vs $0.18 Est; Revenues $25.9M vs $24.71M Est
  • Deere & Co (NYSE: DE) Reports Q4 EPS $1.62 vs $1.43 Est; Revenues $7.90B vs $7.87B
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 losses of about 1%
  • Energy futures are trading lower, with crude oil posting losses of about 1%
  • Natural Gas futures are higher by about 1.5% and copper is trading lower by about 0.5%
To see more commodities news, click here.


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Benzinga's Morning Radar

Technical Levels for Futures and Forex
Name Resistance-2 Resistance-1 Mid Pivot Support-1 Support-2
E-Mini Dow 11861 11692 11548 11386 11251
E-Mini S&P500 1219 1204 1191 1174 1162
Gold 1748 1711 1686 1651 1627
Crude 98.80 98.01 96.45 95.50 94.21
Natural Gas 3.50 3.44 3.32 3.28 3.21
EUR/USD 1.3594 1.3548 1.3483 1.3429 1.3371
USD/JPY 77.07 76.95 76.86 76.74 76.63
US Dollar Index 78.94 78.71 78.44 78.18 77.91

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