Financial Breakfast: Morning News Summary for January 11, 2012
Posted in: News, Earnings, Upgrades, Futures, Guidance, Downgrades, Commodities, Forex, Technicals, Contracts, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General, Best of Benzinga
Wednesday, January 11, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• Mark Twain analyzed risk in the markets well before the Market Crash of 1929, "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.".
Benzinga's Top News
- Lennar (NYSE: LEN) reports Q4 EPS $0.16 vs $0.17 Est; Revenues $952.7M vs $913.95M Est
- Fitch Says ECB Must Do More to Prevent 'Cataclysmic' Euro Collapse
- Fed's Beige Book is set to release at 2:00 p.m. ET
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 46 points.
- U.S. Dollar trades about 0.67% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.87%, Germany's DAX slid 0.9% and France's CAC 40 fell 0.88% on the session.
- Asian stocks ended the session mixed. China's Shanghai lost 0.39%, Japan's Nikkei 225 advanced 0.30%, and Hong Kong's Hang Seng gained 0.78%
- Fitch Says ECB Must Do More to Prevent 'Cataclysmic' Euro Collapse
To see more overseas news, click here.
Upgrades/Downgrades
- Credit Suisse upgrades AK Steel (NYSE: AKS) to Outperform
- Goldman Sachs upgrades Owens & Minor (NYSE: OMI) to Neutral
To see more of today's upgrades, click here.
- Citigroup removes Cablevision Systems (NYSE: CVC) from Top Picks Live! List
- Societe Generale downgrades Waste Management (NYSE: WM) to Sell
To see more of today's downgrades, click here.
On the Economic Calendar
- Fed's Beige Book is set to release at 2:00 p.m. ET
To see more economic news, click here
Earnings
- Lennar (NYSE: LEN) reports Q4 EPS $0.16 vs $0.17 Est; Revenues $952.7M vs $913.95M Est
- SemiLEDS (NASDAQ: LEDS) reports Q2 EPS $(0.26) vs $(0.29) Est; Revenues $6.75M vs $6.28M Est
To see more earnings announcements, click here.
Corporate News
- ICF International (NASDAQ: ICFI) awarded new $32.8 million contract with U.S. Department of Education
- Johnson Outdoors (NASDAQ: JOUT) announces settlement reached in patent infringement lawsuit
- Hydrogenics (NASDAQ: HYGS) wins electrolyzer contract for Netherlands hydrogen fueling station
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.2%
- Energy futures are trading lower, with crude oil posting losses of about 0.84%
- Natural Gas futures are lower by about 3.2% and copper is trading lower by about 0.16%
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 | 12500 | 12446 | 12409 | 12355 | 12318 |
| E-Mini S&P 500 | 1298 | 1292 | 1286 | 1280 | 1273 |
| Gold | 1654 | 1643 | 1630 | 1619 | 1605 |
| Crude | 104.05 | 103.10 | 102.46 | 101.51 | 100.87 |
| Natural Gas | 3.10 | 3.01 | 2.95 | 2.87 | 2.81 |
| EUR/USD | 1.2854 | 1.2815 | 1.2778 | 1.2740 | 1.2704 |
| US Dollar Index | 81.57 | 81.36 | 81.19 | 80.98 | 80.80 |
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