Financial Breakfast: Morning News Summary for October 26, 2011
Posted in: Earnings, News, Futures, Guidance, Upgrades, Commodities, Downgrades, Forex, Technicals, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General, Best of Benzinga
Wednesday, October 26, 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
- Ford Motor (NYSE: F) Reported Q3 EPS $0.46 vs $0.45 Est; Revenues $33.1B vs $29.86B Est
- Boeing (NYSE: BA) Reports Q3 EPS $1.46 vs $1.09 Est; Revenues $17.7B vs $17.87B Est
- General Dynamics (NYSE: GD) Reported Q3 EPS $1.83 vs $1.77 Est; Revenues $7.85B vs $8.32B Est
- Sprint Nextel (NYSE: S) announced that it has amended the terms and increased its credit facility by $150 million. The total committed amount increased to $2.24 billion.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher with Dow Futures up over 75 points.
- U.S. Dollar trades about 0.03% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are slightly higher in afternoon trading. Britain's FTSE 100 gained 0.04%, Germany's DAX added 0.15% and France's CAC 40 gained 0.2% on the session.
- Asian stocks ended the session mixed. China's Shanghai gained 0.77%, Japan's Nikkei 225 lost 0.2% and Hong Kong's Hang Seng Index added 0.52%.
To see more overseas news, click here.
Upgrades/Downgrades
To see more of today's upgrades, click here.
- Jefferies downgraded First Solar (NASDAQ: FSLR) to Hold
- JP Morgan downgraded DeVry (NYSE: DV) to Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- MBA Mortgage Applications reported 4.9% from (14.9%) prior.
- Durable and Capital Goods Orders are due at 8:30 a.m. ET.
- New Home Sales are to report at 10:00 a.m.
To see more economic news, click here
Earnings
- Ford Motor (NYSE: F) Reported Q3 EPS $0.46 vs $0.45 Est; Revenues $33.1B vs $29.86B Est
- General Dynamics (NYSE: GD) Reported Q3 EPS $1.83 vs $1.77 Est; Revenues $7.85B vs $8.32B Est
- Sprint Nextel (NYSE: S) Reported Q3 EPS $(0.10) vs $(0.22) Est; Revenues $8.3B vs $8.38B Est
- Boeing (NYSE: BA) Reports Q3 EPS $1.46 vs $1.09 Est; Revenues $17.7B vs $17.87B Est
- Yesterday, Amazon (NASDAQ: AMZN) Reported Q3 EPS $0.14 vs $0.24 Est; Revenues $10.9B vs $10.93B Est
To see more earnings announcements, click here.
Corporate News
- First Midwest Bancorp (NASDAQ: FMBI) announced that it has received approval to redeem all of the $193 million of Series B preferred stock issued to the Treasury in December 2008 under the U.S. government's Troubled AssetRelief Program.
- Itron (NASDAQ: ITRI) announced that it has authorized the repurchase of up to $100 million of Itron common stock during the next 12 months.
- Sprint Nextel (NYSE: S) announced that it has amended the terms and increased by $150 million the total committed amount of its revolving credit facility, dated May 21, 2010. The total committed amount increased to $2.24 billion.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.5%
- Energy futures are trading higher, with crude oil posting gains of about 0.25%
- Natural Gas futures are higher by about 0.55% and copper is trading higher by about 2.5%
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 | 11983 | 11825 | 11724 | 11566 | 11465 |
| E-Mini S&P500 | 1266 | 1245 | 1234 | 1213 | 1201 |
| Gold | 1753 | 1730 | 1687 | 1664 | 1621 |
| Crude | 96.31 | 94.41 | 92.76 | 90.86 | 89.21 |
| Natural Gas | 3.76 | 3.71 | 3.64 | 3.59 | 3.52 |
| EUR/USD | 1.4016 | 1.3961 | 1.3904 | 1.3849 | 1.3792 |
| USD/JPY | 76.59 | 76.33 | 76.03 | 75.77 | 75.47 |
| US Dollar Index | 76.93 | 76.69 | 76.41 | 76.17 | 75.89 |
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