Financial Breakfast: Morning News Summary for January 19, 2012
Posted in: Earnings, News, Futures, Guidance, Upgrades, Commodities, Downgrades, Forex, Legal, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, General, Best of Benzinga
Thursday, January 19, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• Wall Street features architecture mostly from the Gilded Age, and some art deco styles.
Benzinga's Top News
- Eastman Kodak (NYSE: EK) files Chapter 11 business reorganization
- Johnson Controls (NYSE: JCI) Reports Q1 EPS $0.60 vs $0.62 Est; Revenues $10.4B vs $10.51B Est; Cuts 2012 EPS Guidance
- Bank of America (NYSE: BAC) Reports Q4 EPS $0.15 vs $0.15 Est; Revenues $24.89B vs $23.78B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 15 points.
- U.S. Dollar trades about 0.4% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.38%, Germany's DAX gained 0.23% and France's CAC 40 advanced 0.91% on the session.
- Asian stocks ended the session higher. China's Shanghai advanced 1.33%, Japan's Nikkei 225 added 1.04%, and Hong Kong's Hang Seng gained 1.3%
To see more overseas news, click here.
Upgrades/Downgrades
- Bank of America upgrades F5 Networks (NASDAQ: FFIV) to Buy
- Dahlman Rose upgrades Golar LNG (NASDAQ: GLNG) to Buy
To see more of today's upgrades, click here.
- Goldman Sachs downgrades Walgreen's (NYSE: WAG) to Neutral
- JP Morgan downgrades Air Products and Chemicals (NYSE: APD) to Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- Consumer Price Index, Housing Starts, Initial and Continuing Jobless Claims are set to report at 8:30 a.m. ET
- Philly Fed Index is due at 10:00 a.m.
To see more economic news, click here
Earnings
- Johnson Controls (NYSE: JCI) Reports Q1 EPS $0.60 vs $0.62 Est; Revenues $10.4B vs $10.51B Est
- Bank of America (NYSE: BAC) Reports Q4 EPS $0.15 vs $0.15 Est; Revenues $24.89B vs $23.78B Est
- Southwest Airlines (NYSE: LUV) Reports Q4 EPS $0.09 vs $0.08 Est; Revenues $4.11B vs $4.12B Est
- UnitedHealth Group (NYSE: UNH) Reports Q4 EPS $1.17 vs $1.03 Est; Revenues $25.92B vs $25.71B Est
To see more earnings announcements, click here.
Corporate News
- Eastman Kodak (NYSE: EK) files Chapter 11 business reorganization
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.26%
- Energy futures are trading higher, with crude oil posting gains of about 1.11%
- Natural Gas futures are lower by about 1.5% and copper is trading higher by about 1.5%
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 | 12608 | 12556 | 12476 | 12424 | 12344 |
| E-Mini S&P 500 | 1315 | 1309 | 1297 | 1291 | 1280 |
| Gold | 1675 | 1667 | 1654 | 1646 | 1633 |
| Crude | 103.24 | 102.19 | 101.02 | 99.97 | 98.80 |
| Natural Gas | 2.58 | 2.53 | 2.49 | 2.44 | 2.40 |
| EUR/USD | 1.2955 | 1.2900 | 1.2820 | 1.2774 | 1.2686 |
| US Dollar Index | 81.62 | 81.16 | 80.91 | 81.43 | 80.20 |
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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