Financial Breakfast: Morning News Summary for October 25, 2011
Posted in: Earnings, News, Futures, Guidance, Upgrades, Commodities, Downgrades, Forex, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, Best of Benzinga
Tuesday, October 25, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- Delta Air Lines Reports Q3 EPS $0.91 vs $0.93 Est; Revenues $9.82B vs $9.73B Est
- 3M Reports Q3 EPS $1.52 vs $1.61 Est; Revenues $7.53B vs $7.78B Est
- El DuPont Reports Q3 EPS $0.69 vs $0.56 Est; Revenues $9.2B vs $8.79B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher with Dow Futures up over 25 points.
- U.S. Dollar trades about 0.05% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 gained 0.3%, Germany's DAX added 1.2% and France's CAC 40 slipped 0.2% on the session.
- Asian stocks ended the session mixed. China's Shanghai gained 1.6%, Japan's Nikkei 225 lost 0.9% and Hong Kong's Hang Seng Index added 1%.
To see more overseas news, click here.
Upgrades/Downgrades
- Goldman Sachs upgraded PetroChina (NYSE: PTR) to Neutral
- BofA upgraded Duke Realty (NYSE: DRE) to Neutral
To see more of today's upgrades, click here.
- Jefferies downgraded Pharma Product Development (NASDAQ: PPDI) to Hold
- JP Morgan downgraded Netflix (NASDAQ: NFLX) to Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- S&P/CaseShiller is set to be reported at 9:00 a.m. ET
- Consumer Confidence, the Home Price Index, and Richmond Fed Manufacturing Index is due at 10:00 a.m.
To see more economic news, click here
Earnings
- 3M Reports Q3 EPS $1.52 vs $1.61 Est; Revenues $7.53B vs $7.78B Est
- Xerox Corp Reports Q3 EPS $0.26 vs $0.25 Est; Revenues $5.58B vs $5.59B Est
- Delta Air Lines Reports Q3 EPS $0.91 vs $0.93 Est; Revenues $9.82B vs $9.73B Est
- Coach Reports Q1 EPS $0.73 vs $0.70 Est; Revenues $1.05B vs $1.02B Est
- El DuPont Reports Q3 EPS $0.69 vs $0.56 Est; Revenues $9.2B vs $8.79B Est
To see more earnings announcements, click here.
Corporate News
- Hain Celestial (NASDAQ: HAIN) announced the acquisition of Daniels Group and also raised annual guidance
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.6%
- Energy futures are trading higher, with crude oil posting gains of about 3%
- Natural Gas futures are higher by about 0.6% and copper is trading down about 0.05%
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 Dow | 11992 | 11908 | 11797 | 11713 | 11602 |
| E-Mini S&P500 | 1267 | 1257 | 1242 | 1231 | 1216 |
| Gold | 1677 | 1665 | 1651 | 1639 | 1624 |
| Crude | 95.05 | 93.33 | 90.17 | 88.45 | 85.29 |
| Natural Gas | 3.71 | 3.65 | 3.62 | 3.57 | 3.53 |
| EUR/USD | 1.4035 | 1.3982 | 1.3901 | 1.3848 | 1.3767 |
| USD/JPY | 76.67 | 76.37 | 76.18 | 75.88 | 75.68 |
| US Dollar Index | 77.00 | 76.66 | 76.42 | 76.08 | 75.84 |
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