Financial Breakfast: Morning News Summary for January 25, 2012
Posted in: Earnings, News, Futures, Guidance, Upgrades, Commodities, Downgrades, Forex, Technicals, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General, Best of Benzinga
Wednesday, January 25, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• In the movie National Treasure, the characters visit Wall Street's Trinity Church for a clue.
Benzinga's Top News
- Boeing (NYSE: BA) and Norwegian announce $11.4B order for 100 737 MAX; 22 next-generation 737s
- Xerox (NYSE XRX) Reports Q4 EPS $0.33 vs $0.33 Est; Revenues $5.96B vs $6.07B Est
- SAP AG (NYSE SAP) Reports Q4 EPS EUR1.08 vs EUR1.05 Est; Revenues EUR4.5B vs EUR4.39B Est
- From Yesterday, Apple (NASDAQ: AAPL) Reports Q1 EPS $13.87 vs $10.08 Est; Revenues $46.30B vs $38.85B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 43 points.
- U.S. Dollar trades about 0.43% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.62%, Germany's DAX slid 0.6% and France's CAC 40 fell 0.91% on the session.
- Asian stocks ended the session higher. China's Shanghai closed till Wednesday, Lunar New Year, Japan's Nikkei 225 added 1.12%, and Hong Kong's Hang Seng closed till Wednesday, Lunar New Year.
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley Upgrades Watson Pharmaceuticals (NYSE: WPI) to Overweight, Lowers PT to $65
- JP Morgan Upgrades Air Lease (NYSE: AL) to Overweight
To see more of today's upgrades, click here.
- Dahlman Rose Downgrades Potash (NYSE: POT) to Sell
- JP Morgan Downgrades Goldman Sachs (NYSE: GS) to Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- US MBA Mortgage Applications reported (5.0%) vs 23.1% prior
- Housing Price Index and Pending Home Sales are due at 10:00 a.m. ET
- FOMC Rate Decision will release at 12:30 p.m.
To see more economic news, click here
Earnings
- United Technologies (NYSE: UTX) Reports Q4 EPS $1.47 vs $1.46 Est; Revenues $15.00B vs $15.07B Est
- Novartis AG (NYSE: NVS) Reports Q4 EPS $1.23 vs $1.24 Est; Revenues $14.78B vs $14.93B Est
- Xerox (NYSE XRX) Reports Q4 EPS $0.33 vs $0.33 Est; Revenues $5.96B vs $6.07B Est
- SAP AG (NYSE SAP) Reports Q4 EPS EUR1.08 vs EUR1.05 Est; Revenues EUR4.5B vs EUR4.39B Est
- From Yesterday, Apple (NASDAQ: AAPL) Reports Q1 EPS $13.87 vs $10.08 Est; Revenues $46.30B vs $38.85B Est
To see more earnings announcements, click here.
Corporate News
- Boeing (NYSE: BA) and Norwegian announce $11.4B order for 100 737 MAX; 22 next-generation 737s
- Guidewire Software (NASDAQ: GWRE) announces pricing of 8.85M share IPO at $13
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 0.55%
- Energy futures are trading lower, with crude oil posting losses of about 0.78%
- Natural Gas futures are higher by about 3.56% and copper is trading lower by about 0.87%
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 | 1318 | 1315 | 1308 | 1304 | 1298 |
| Gold | 1685 | 1676 | 1668 | 1659 | 1651 |
| Crude | 101.14 | 100.18 | 99.21 | 98.16 | 97.28 |
| Natural Gas | 2.71 | 2.64 | 2.57 | 2.49 | 2.43 |
| EUR/USD | 1.3125 | 1.3080 | 1.3016 | 1.2971 | 1.2907 |
| US Dollar Index | 80.58 | 80.25 | 80.02 | 79.69 | 79.46 |
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