Financial Breakfast: Morning News Summary for November 18, 2011
Posted in: Earnings, Long Ideas, News, Futures, Guidance, Short Ideas, Upgrades, Commodities, Downgrades, Forex, Technicals, Legal, Management, Insider Trades, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General, Best of Benzinga
Friday, November 18, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
The first stock ticker was invented by Edward A. Calahan in 1867.
Benzinga's Top News
- HJ Heinz (NYSE: HNZ) Reports Q2 EPS $ 0.81 vs $0.80 Est; Revenues $2.83B vs $2.91B Est.
- Heinz Sees Charges for Manufacturing, Productivity Actions; Sees FY2011 EPS $3.24-3.32 vs $3.34 Est.
- Yesterday, Hewlett Packard (NYSE: HPQ) appointed Relational's Whitworth to Board of Directors; Relational investors take 1% stake In HP
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher with Dow Futures up about 60 points.
- U.S. Dollar trades about 0.75% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.78%, Germany's DAX slid 0.7% and France's CAC 40 fell 0.22% on the session.
- Asian stocks ended the session lower as well. China's Shanghai fell 1.9%, Japan's Nikkei 225 lost 1.2% and Hong Kong's Hang Seng Index slid 1.7%.
To see more overseas news, click here.
Upgrades/Downgrades
- Sterne Agee upgrades Hewlett-Packard (NYSE: HPQ) to Buy, $34 PT.
- Credit Suisse upgrades Smithfield Foods (NYSE: SFD) to Outperform, PT raised to $29.
To see more of today's upgrades, click here.
- Bank of America downgrades Transdigm (NYSE: TDG) to Neutral, PO lowered to $98.
- Citigroup downgrades Lennar (NYSE: LEN) to Neutral, $20 PT.
To see more of today's downgrades, click here.
On the Economic Calendar
- Leading Economic Indicators are set to report at 10:00 a.m. ET.
To see more economic news, click here
Earnings
- HJ Heinz (NYSE: HNZ) Reports Q2 EPS $ 0.81 vs $0.80 Est; Revenues $2.83B vs $2.91B Est.
- Heinz Sees Charges for Manufacturing, Productivity Actions; Sees FY2011 EPS $3.24-3.32 vs $3.34 Est.
- Sirona Dental Systems (NASDAQ: SIRO) Reports Q4 EPS $0.68 vs $0.62 Est; Revenues $218.8M vs $213.96M Est
To see more earnings announcements, click here.
Corporate News
- Hewlett Packard (NYSE: HPQ) appointed Relational's Whitworth to Board of Directors; Relational investors take 1% stake In HP
- China Infrastructure Investment Corporation (NASDAQ: CIIC) reported that the Nasdaq Hearings Panel has denied the Company's request for continued listing on Nasdaq.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.61%
- Energy futures are trading higher, with crude oil posting gains of about 0.79%
- Natural Gas futures are higher by about 0.15% and copper is trading higher by about 1.1%
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 | 12061 | 11902 | 11773 | 11614 | 11485 |
| E-Mini S&P500 | 1256 | 1235 | 1221 | 1200 | 1185 |
| Gold | 1789 | 1755 | 1733 | 1698 | 1676 |
| Crude | 105.16 | 101.91 | 100.43 | 96.88 | 95.10 |
| Natural Gas | 3.56 | 3.50 | 3.42 | 3.36 | 3.28 |
| EUR/USD | 1.3578 | 1.3518 | 1.3477 | 1.3415 | 1.3374 |
| USD/JPY | 77.09 | 77.03 | 76.97 | 76.90 | 76.84 |
| US Dollar Index | 78.92 | 78.71 | 78.42 | 78.21 | 77.92 |
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