Market Overview

Financial Breakfast: Morning News Summary for December 23, 2011

Friday, December 23, 2011

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

• • The oldest stock certificate was found in the Netherlands by a graduate student working on his thesis.

Benzinga's Top News

  • Qualcomm (NASDAQ: QCOM) Announces FCC Approval of Sale of 700 MHz Spectrum Licenses to AT&T (NYSE: T); Originally Announced for $1.925B, Now Subject to Conditions.
  • Shutterfly (NASDAQ: SFLY) Provides Preliminary Q4 Revs of $259-$264M from $270.5-$275.5M Prior and vs $267.7M Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 50 points.
  • U.S. Dollar trades about 0.16% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 gained 1%, Germany's DAX added 0.44% and France's CAC 40 gained 1.25% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.85%, Japan's Nikkei 225 was closed and Hong Kong's Hang Seng Index gained 1.37%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Barrington Research upgrades Walgreen (NYSE: WAG) to Outperform
To see more of today's upgrades, click here.

  • CLSA downgrades Paychex (NASDAQ: PAYX) to Sell
To see more of today's downgrades, click here.

On the Economic Calendar

  • Durable Goods Orders, Personal Income and Personal Spending are set to report at 8:30 a.m. ET
  • New Home Sales are due at 10:00 a.m.
To see more economic news, click here

Earnings

    No Major Earnings this Morning
To see more earnings announcements, click here.

Corporate News

  • Qualcomm (NASDAQ: QCOM) Announces FCC Approval of Sale of 700 MHz Spectrum Licenses to AT&T (NYSE: T); Originally Announced for $1.925B, Now Subject to Conditions.
  • Shutterfly (NASDAQ: SFLY) Provides Preliminary Q4 Revs of $259-$264M from $270.5-$275.5M Prior and vs $267.7M Est
To see more corporate news, click here.

Commodities

  • Precious metals are trading flat, with gold posting losses of about 0.02%
  • Energy futures are trading higher, with crude oil posting gains of about 0.33%
  • Natural Gas futures are lower by about 1.2% and copper is trading higher by about 1.5%
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 12193 12150 12074 12030 11955
E-Mini S&P 500 1262 1255 1244 1237 1226
Gold 1627 1617 1608 1597 1588
Crude 100.89 100.18 99.35 98.64 97.81
Natural Gas 3.25 3.20 3.15 3.10 3.05
EUR/USD 1.3260 1.3153 1.3088 1.2981 1.2916
US Dollar Index 80.78 80.52 80.23 79.97 79.68


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

 

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