Thursday, January 12, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• It took almost three years for the DOW to hit bottom after the stock market crash in 1929.
Subscribe here to receive it daily to your inbox!
Market News and Data brought to you by Benzinga APIsBenzinga's Top News
- Williams-Sonoma WSM increases dividend 29% and new $225 million stock repurchase program; lowers Q4 EPS guidance to $1.10-1.15 from $1.15-1.20 prior.
- Cache CACH updates Q4 guidance to $0.16-0.18 vs $0.24 est; expects comparable store sales to increase 12%
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 55 points.
- U.S. Dollar trades about 0.35% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.35%, Germany's DAX gained 1.47% and France's CAC 40 advanced 1.28% on the session.
- Asian stocks ended the session lower. China's Shanghai lost 0.41%, Japan's Nikkei 225 slid 0.74%, and Hong Kong's Hang Seng fell 0.3%
To see more overseas news, click here.
Upgrades/Downgrades
- Jefferies upgrades Qlik Technologies QLIK to Buy
- JP Morgan upgrades Graphic Packaging GPK to Overweight
To see more of today's upgrades, click here.
- Citigroup downgrades Stryker SYK to Neutral
- Jefferies downgrades ConocoPhillips COP to Hold
To see more of today's downgrades, click here.
On the Economic Calendar
- Advance Retail Sales, Initial and Continuing Jobless Claims are due at 8:30 a.m. ET
- Business Inventories are set to report at 10:00 a.m.
- Monthly Budget Statement is due at 2:00 p.m.
To see more economic news, click here
Earnings
-
No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Williams-Sonoma WSM increases dividend 29% and new $225 million stock repurchase program; lowers Q4 EPS guidance to $1.10-1.15 from $1.15-1.20 prior.
- Cache CACH updates Q4 guidance to $0.16-0.18 vs $0.24 est; expects comparable store sales to increase 12%
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 1.16%
- Energy futures are trading higher, with crude oil posting gains of about 1.43%
- Natural Gas futures are lower by about 1.9% and copper is trading higher by about 2.2%
To see more commodities news, click here.
Benzinga's Morning Radar
Technical Levels for Futures and ForexName | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
E-Mini Dow | 12445 | 12418 | 12378 | 12347 | 12307 |
E-Mini S&P 500 | 1296 | 1291 | 1285 | 1281 | 1275 |
Gold | 1655 | 1649 | 1642 | 1636 | 1628 |
Crude | 103.24 | 102.10 | 101.33 | 100.19 | 99.42 |
Natural Gas | 2.95 | 2.86 | 2.80 | 2.70 | 2.64 |
EUR/USD | 1.2846 | 1.2780 | 1.2718 | 1.2648 | 1.2590 |
US Dollar Index | 82.16 | 81.86 | 81.48 | 81.17 | 80.79 |
Subscribe here to receive it daily to your inbox!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: EarningsNewsGuidanceUpgradesDowngradesFuturesTechnicalsCommoditiesForexManagementEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading Ideas
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in