Financial Breakfast: Morning News Summary for January 9, 2012
Posted in: Earnings, News, Futures, Guidance, Upgrades, Commodities, Downgrades, Forex, Technicals, FDA, M&A, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Tech, Trading Ideas, General, Best of Benzinga
Monday, January 9, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• Wall Street may have received its name from a pre-existing wall near the area that was used to protect the settlers from colonialism.
Benzinga's Top News
- Bristol-Myers Squibb (NYSE: BMY) to acquire Inhibitex (NASDAQ: INHX) for $26/share in cash
- Netflix (NASDAQ: NFLX) launches in the United Kingdom and Ireland/li>
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 7 points.
- U.S. Dollar trades about 0.26% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.23%, Germany's DAX fell 0.22% and France's CAC 40 advanced 0.04% on the session.
- Asian stocks ended the session higher. China's Shanghai added 2.89%, Japan's Nikkei 225 is closed, and Hong Kong's Hang Seng gained 1.47%
To see more overseas news, click here.
Upgrades/Downgrades
- Goldman Sachs adds The Travelers Companies (NYSE: TRV) to Americas Conviction Buy List
- Citigroup upgrades Mindray Medical (NYSE: MR) to Buy
To see more of today's upgrades, click here.
- Jefferies downgrades Spreadtrun Comms (NASDAQ: SPRD) to Underperform
- Brean Murray Carret downgrades Abercrombie & Fitch (NYSE: ANF) to Hold
To see more of today's downgrades, click here.
On the Economic Calendar
- U.S. Consumer Credit is set to report at 3:00 p.m. ET
To see more economic news, click here
Earnings
-
No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Bristol-Myers Squibb (NYSE: BMY) to acquire Inhibitex (NASDAQ: INHX) for $26/share in cash
- Netflix (NASDAQ: NFLX) launches in the United Kingdom and Ireland/li>
- Emergent BioSolutions (NYSE: EBS) expects 2012 revs $280-$300M vs $309M Est
- InfoSpace (NASDAQ: INSP) to acquire TaxACT for $287.5M
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.07%
- Energy futures are trading lower, with crude oil posting losses of about 0.46%
- Natural Gas futures are lower by about 2.12% and copper is trading lower by about 0.68%
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 | 12466 | 12389 | 12330 | 12253 | 12194 |
| E-Mini S&P 500 | 1288 | 1281 | 1274 | 1267 | 1260 |
| Gold | 1642 | 1630 | 1619 | 1606 | 1596 |
| Crude | 103.79 | 102.86 | 101.87 | 101.00 | 99.95 |
| Natural Gas | 3.14 | 3.11 | 3.04 | 3.00 | 2.93 |
| EUR/USD | 1.2856 | 1.2785 | 1.2741 | 1.2670 | 1.2626 |
| US Dollar Index | 82.13 | 81.87 | 81.46 | 81.21 | 80.60 |
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