Market Overview

Financial Breakfast: Morning News Summary for April 12, 2012

Thursday, April 12, 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

  • Sony (NYSE: SNE) To Cut 10,000 Jobs This Year in Part of Company Restructuring
  • Rite Aid (NYSE: RAD) Reports Q4 EPS $-0.18 May Not Compare vs $-0.14 Est; Revenues $7.15B vs $7.03B Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 45 points.
  • U.S. Dollar trades about 0.31% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.08%, Germany's DAX added 0.55% and France's CAC 40 dropped 0.21% on the session.
  • Asian stocks ended the session higher. China's Shanghai added 1.78%, Japan's Nikkei 225 gained 0.70%, and Hong Kong's Hang Seng advanced 0.93%.
To see more overseas news, click here.

Upgrades/Downgrades

  • JP Morgan Upgrades AT&T (NYSE: T) from Neutral to Overweight, Raises PT from $31 to $33
  • Bank of America Upgrades Canadian Pacific Railway (NYSE: CP) from Neutral to
    Buy, Raises PO from $83 to $85
To see more of today's upgrades, click here.

  • Citigroup Maintains Dendreon (NASDAQ: DNDN) at Neutral, Lowers PT from $14 to $10
  • Citigroup Downgrades Enduro Royalty Trust (NASDAQ: NDRO) from Buy to Neutral, Maintains $21 PT
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 a.m. ET - Initial Jobless Claims
  • 08:30 - Continuing Jobless Claims
  • 08:30 - Trade Balance
  • 08:30 - PPI (MoM)
  • 10:30 - Natural Gas Storage
  • 13:00 - 30-Year Bond Auction
To see more economic news, click here

Earnings

  • Rite Aid (NYSE: RAD) Reports Q4 EPS $-0.18 May Not Compare vs $-0.14 Est; Revenues $7.15B vs $7.03B Est
  • Fastenal (NASDAQ: FAST) Reports Q1 EPS $0.34 vs $0.35 Est; Revenues $768.9M vs $767.55M 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 0.28%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.29%
  • Natural Gas futures are higher by about 0.35% and copper is trading higher by about 1.06%
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 1375 1370 1364 1358 1353
Gold 1669 1665 1659 1654 1648
Crude 104.37 103.46 102.22 101.31 100.07
Natural Gas 2.07 2.02 1.99 1.94 1.92
EUR/USD 1.3185 1.3146 1.3117 1.3078 1.3048
US Dollar Index 80.22 80.08 79.89 79.76 79.56


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Posted-In: News Upgrades Downgrades Futures Technicals Commodities Forex Management Best of Benzinga

 

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