Market Overview

Financial Breakfast: Morning News Summary for December 16, 2011

Friday, December 16, 2011

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

89% - The amount wiped off stocks between 1929-1932, during the great depression.

Benzinga's Top News

  • United Rentals (NYSE: URI) to acquire RSC Holdings (NYSE: RRR) at $18/share or Total Enterprise Value of $4.2B
  • Zynga (NASDAQ: ZNGA) Prices 100M-share Initial Public Offering at $10/share
  • Darden Restaurants (NYSE: DRI) reports Q2 EPS $0.41 vs $0.48 Est; Revenues $1.83B vs $1.83B Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 55 points.
  • U.S. Dollar trades about 0.25% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 added 0.4%, Germany's DAX lost 0.28% and France's CAC 40 slid 0.19% on the session.
  • Asian stocks ended the session higher. China's Shanghai added 2%, Japan's Nikkei 225 gained 0.3% and Hong Kong's Hang Seng Index added 1.4%.
To see more overseas news, click here.

Upgrades/Downgrades

  • JP Morgan upgrades Thomson Creek Metals (NYSE: TC) to Overweight
  • Oppenheimer upgrades Athenahealth (NASDAQ: ATHN) to Perform
To see more of today's upgrades, click here.

  • Bank of America downgrades SAP AG (NYSE: SAP) to Neutral
  • ISI Group downgrades Cablevision Systems (NYSE: CVC) to Hold
To see more of today's downgrades, click here.

On the Economic Calendar

  • The Consumer Price Index is set to report at 8:30 a.m. ET
To see more economic news, click here

Earnings

  • Darden Restaurants (NYSE: DRI) reports Q2 EPS $0.41 vs $0.48 Est; Revenues $1.83B vs $1.83B Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting gains of about 1.2%
  • Energy futures are trading higher, with crude oil posting gains of about 0.5%
  • Natural Gas futures are higher by about 0.16% and copper is trading higher by about 1.8%
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 11993 11907 11812 11726 11631
E-Mini S&P 500 1231 1221 1210 1201 1190
Gold 1611 1592 1577 1558 1543
Crude 96.92 95.18 94.24 92.50 91.56
Natural Gas 3.24 3.19 3.14 3.08 3.04
EUR/USD 1.3099 1.3056 1.3007 1.2964 1.2915
USD/JPY 78.25 78.05 77.94 77.68 77.52
US Dollar Index 81.56 81.26 81.01 80.71 80.47


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

 

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