Market Overview

Financial Breakfast: Morning News Summary for January 18, 2012

Wednesday, January 18, 2012

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

When the World Trade Center fell, it was estimated that 45% of Wall Street's best office space was destroyed.

Benzinga's Top News

  • PNC Financial Services (NYSE: PNC) Reports Q4 EPS $1.39 vs $1.42 Est; Revenues $3.55B vs $3.54B Est
  • US Bancorp (NYSE: USB) Reports Q4 Ex-Gain EPS $0.64 vs $0.63 Est; Revenues $5.1B vs $4.76B Est
  • Yesterday, Yahoo! (NASDAQ: YAHOO) announces resignation of Jerry Yang

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 14 points.
  • U.S. Dollar trades about 0.4% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.09%, Germany's DAX gained 0.22% and France's CAC 40 slid 0.08% on the session.
  • Asian stocks ended the session mixed. China's Shanghai lost 1.37%, Japan's Nikkei 225 added 0.99%, and Hong Kong's Hang Seng gained 0.3%
To see more overseas news, click here.

Upgrades/Downgrades

  • Credit Suisse upgrades MGM Resorts (NYSE: MGM) to Neutral
  • JP Morgan upgrades Belo (NYSE: BLC) to Overweight
To see more of today's upgrades, click here.

  • Brean Murray downgrades Chesapeake Energy (NYSE: CHK) to Hold
  • Bank of America downgrades Bruker (NASDAQ: BRKR) to Underperform
To see more of today's downgrades, click here.

On the Economic Calendar

  • US MBA Mortgage Applications 23.1% vs 4.5% Est
  • Producer Price Index is set to report at 8:30 a.m. ET
  • TIC Flows are due at 9:00 a.m.
  • Industrial Production and Capacity Utilization is due at 9:15 a.m.
To see more economic news, click here

Earnings

  • State Street (NYSE: STT) Reports Q4 EPS $0.93 vs $0.93 Est; Revenues $2.32B vs $2.39B Est
  • Northern Trust (NASDAQ: NTRS) Reports Q4 EPS $0.70 vs $0.68 Est; Revenues $955.60M vs $969.79M Est
  • PNC Financial Services (NYSE: PNC) Reports Q4 EPS $1.39 vs $1.42 Est; Revenues $3.55B vs $3.54B Est
  • US Bancorp (NYSE: USB) Reports Q4 Ex-Gain EPS $0.64 vs $0.63 Est; Revenues $5.1B vs $4.76B Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting losses of about 0.21%
  • Energy futures are trading higher, with crude oil posting gains of about 0.4%
  • Natural Gas futures are higher by about 1.5% and copper is trading lower by about 0.28%
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 12558 12490 12446 12378 12334
E-Mini S&P 500 1309 1299 1292 1282 1276
Gold 1674 1663 1656 1645 1639
Crude 102.03 101.51 100.50 99.98 98.97
Natural Gas 2.64 2.57 2.50 2.42 2.35
EUR/USD 1.2848 1.2790 1.2751 1.2694 1.2654
US Dollar Index 81.73 81.54 81.27 81.09 80.82


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Posted-In: Earnings News Guidance Upgrades Downgrades Futures Technicals Commodities Best of Benzinga

 

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