Financial Breakfast: Morning News Summary for January 10, 2012
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
Tuesday, January 10, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• Wall Street may also have been named after Walloons because Waal may be a shortening for Walloons.
Benzinga's Top News
- Bank of America downgrades Netflix (NASDAQ: NFLX) to Underperform
- Tiffany (NYSE: TIF) cuts forecast; guides FY2011 EPS $3.60-3.65 vs $3.76 Est
- Dehaier Medical (NASDAQ: DHRM) receives CE Mark approval to sell sleep diagnostic devices and air compressors in Europe
- DSW (NYSE: DSW) raises 2011 EPS guidance to $2.96-2.99 vs $2.90-2.95 prior, $2.95 est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 100 points.
- U.S. Dollar trades about 0.20% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 1.08%, Germany's DAX gained 2.11% and France's CAC 40 advanced 1.83% on the session.
- Asian stocks ended the session higher. China's Shanghai added 2.7%, Japan's Nikkei 225 advanced 0.38%, and Hong Kong's Hang Seng gained 0.73%
To see more overseas news, click here.
Upgrades/Downgrades
- Deutsche Bank upgrades L-3 Communications (NYSE: LLL) to Buy
- Bank of America upgrades Marriott International (NYSE: MAR) to Buy
To see more of today's upgrades, click here.
- Bank of America downgrades Netflix (NASDAQ: NFLX) to Underperform
- Credit Suisse downgrades Choice Hotels International (NYSE: CHH) to Underperform
To see more of today's downgrades, click here.
On the Economic Calendar
- IBD/TIPP Economic Optimism and Wholesale Inventories are due at 10:00 a.m. ET
To see more economic news, click here
Earnings
-
No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Tiffany (NYSE: TIF) cuts forecast; guides FY2011 EPS $3.60-3.65 vs $3.76 Est
- Dehaier Medical (NASDAQ: DHRM) receives CE Mark approval to sell sleep diagnostic devices and air compressors in Europe
- DSW (NYSE: DSW) raises 2011 EPS guidance to $2.96-2.99 vs $2.90-2.95 prior, $2.95 est
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 1.4%
- Energy futures are trading higher, with crude oil posting gains of about 1.3%
- Natural Gas futures are lower by about 0.13% and copper is trading higher by about 1.6%
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 | 12402 | 12368 | 12319 | 12285 | 12236 |
| E-Mini S&P 500 | 1283 | 1279 | 1274 | 1270 | 1265 |
| Gold | 1632 | 1621 | 1614 | 1604 | 1597 |
| Crude | 103.12 | 102.21 | 101.16 | 100.25 | 99.20 |
| Natural Gas | 3.06 | 3.03 | 3.00 | 2.98 | 2.95 |
| EUR/USD | 1.2831 | 1.2797 | 1.2750 | 1.2717 | 1.2670 |
| US Dollar Index | 81.83 | 81.56 | 81.41 | 81.14 | 80.98 |
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