Financial Breakfast: Morning News Summary for January 6, 2012
Posted in: Earnings, News, Futures, Upgrades, Commodities, Downgrades, Forex, Technicals, Contracts, FDA, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General
Friday, January 6, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• Wall Street was originally called by the Dutch name "de Waal Straat".
Benzinga's Top News
- BioDelivery Sciences (NASDAQ: BDSI) announces worldwide license and development agreement with Endo Pharmaceuticals (NASDAQ: ENDP) for BEMA Buprenorphine; BDSI to receive up to $180M plus royalties
- Payrolls and the Unemployment Rate are due at 8:30 a.m. ET
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 21 points.
- U.S. Dollar trades about 0.12% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.61%, Germany's DAX gained 0.6% and France's CAC 40 advanced 0.82% on the session.
- Asian stocks ended the session mixed. China's Shanghai added 0.7%, Japan's Nikkei 225 slid 1.16%, and Hong Kong's Hang Seng fell 1.17%
To see more overseas news, click here.
Upgrades/Downgrades
- Sterne Agee upgrades SanDisk (NASDAQ: SNDK) to Buy
- Deutsche Bank upgrades TD Ameritrade (NASDAQ: AMTD) to Buy
To see more of today's upgrades, click here.
- Credit Suisse downgrades Illinois Tool Works (NYSE: ITW) to Neutral
- Sterne Agee downgrades Intel (NASDAQ: INTC) to Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- Payrolls and the Unemployment Rate are due at 8:30 a.m. ET
To see more economic news, click here
Earnings
- IHS (NYSE: IHS) Reports Q4 EPS $0.99 vs $0.95 Est; Revenues $370.66M vs $363.28M Est
- AZZ (NYSE: AZZ) Reports Q3 EPS $0.79 vs $0.79 Est; Revenues $116.5M vs $117.70M Est
- Greenbriers (NYSE: GBX) Reports Q1 EPS $0.48 May not Compare vs $0.35 Est; Revenues $398.2M vs $399.54M Est
To see more earnings announcements, click here.
Corporate News
- BioDelivery Sciences (NASDAQ: BDSI) announces worldwide license and development agreement with Endo Pharmaceuticals (NASDAQ: ENDP) for BEMA Buprenorphine; BDSI to receive up to $180M plus royalties
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.19%
- Energy futures are trading higher, with crude oil posting gains of about 0.46%
- Natural Gas futures are higher by about 1.14% and copper is trading higher by about 0.01%
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 | 12462 | 12398 | 12308 | 12244 | 12154 |
| E-Mini S&P 500 | 1288 | 1280 | 1270 | 1262 | 1252 |
| Gold | 1644 | 1633 | 1615 | 1604 | 1586 |
| Crude | 104.56 | 102.96 | 102.11 | 100.53 | 99.70 |
| Natural Gas | 3.18 | 3.07 | 3.01 | 2.90 | 2.83 |
| EUR/USD | 1.3009 | 1.2898 | 1.2834 | 1.2723 | 1.2659 |
| US Dollar Index | 81.95 | 81.59 | 80.99 | 80.63 | 80.03 |
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