Market Overview

Financial Breakfast: Morning News Summary for January 23, 2012

Monday, January 23, 2012

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

The music video for Sleep Now in the Fire by Rage Against the Machine featured the band storming the stock exchange.

Benzinga's Top News

  • Halliburton (NYSE: HAL) reports Q4 Cont Ops EPS $1.00 vs $0.99 Est; Revenues $7.1B vs $6.83B Est
  • International Rectifier (NYSE: IRF) lowers Q2 Revs Guidance $229-230M from $240-270M Prior vs $253.5M Est
  • Prospect Capital (NASDAQ: PSEC) enter into definitive agreement to sell NRG, Prospect expected to receive up to $114M in cash.

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 22 points.
  • U.S. Dollar trades about 0.46% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.65%, Germany's DAX advanced 0.44% and France's CAC 40 gained 0.55% on the session.
  • Asian stocks ended the session higher. China's Shanghai advanced 1.03%, Japan's Nikkei 225 lost 0.01%, and Hong Kong's Hang Seng closed till Wednesday, Lunar New Year.
To see more overseas news, click here.

Upgrades/Downgrades

  • Deutsche Bank upgrades Research In Motion (NASDAQ: RIMM) to Hold
  • JP Morgan upgrades Waters Corporation (NYSE: WAT) to Overweight
To see more of today's upgrades, click here.

  • J.P. Morgan downgrades McMoRan Exploration (NYSE: MMR) to Underweight
  • Bank of America downgrades SunTrust Banks (NYSE: STI) to Underperform
To see more of today's downgrades, click here.

On the Economic Calendar

    No Major Economic Numbers this Morning
To see more economic news, click here

Earnings

  • Halliburton (NYSE: HAL) reports Q4 Cont Ops EPS $1.00 vs $0.99 Est; Revenues $7.1B vs $6.83B Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting gains of about 0.58%
  • Energy futures are trading higher, with crude oil posting gains of about 0.93%
  • Natural Gas futures are lower by about 2.13% and copper is trading higher by about 1.17%
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 S&P 500 1316 1313 1309 1306 1302
Gold 1681 1674 1659 1652 1637
Crude 102.00 100.19 99.25 97.30 96.22
Natural Gas 2.40 2.36 2.32 2.29 2.25
EUR/USD 1.3033 1.2981 1.2934 1.2882 1.2834
US Dollar Index 80.84 80.59 80.39 80.14 79.94


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

 

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