Financial Breakfast: Morning News Summary for December 23, 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
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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