Market Overview

Financial Breakfast: Morning News Summary for February 3, 2012

Friday, February 3, 2012

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

The bank of North America in Philadelphia was chartered as the nations first "real" bank in 1781.

Benzinga's Top News

  • Booz Allen Hamilton (NYSE: BAH) Reports Q3 EPS $0.40 vs $0.39 Est; Revenues $1.44B vs $1.47B Est
  • Weyerhaeuser (NYSE: WY) Reports Q4 EPS $0.14 vs $0.06 Est; Revenues $1.6B vs $1.59B Est
  • Threshold Pharmaceuticals (NASDAQ: THLD) and Merck KGaA Announce Global Agreement to Co-Develop and Commercialize Phase 3 Hypoxia-Targeted Drug TH-302

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 20 points.
  • U.S. Dollar trades about 0.08% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.39%, Germany's DAX gained 0.23% and France's CAC 40 advanced 0.26% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.77%, Japan's Nikkei 225 lost 0.51%, and Hong Kong's Hang Seng advanced 0.08%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Bank of America Upgrades Dendreon (NASDAQ: DNDN) to Neutral
  • Morgan Stanley Upgrades National Oilwell Varco (NYSE: NOV) to Overweight
To see more of today's upgrades, click here.

  • Jefferies Downgrades Research In Motion (NYSE: RIMM) to Underperform
  • Goldman Sachs Downgrades Airgas (NYSE: ARG) to Neutral
To see more of today's downgrades, click here.

On the Economic Calendar

  • Nonfarm Payrolls and the Unemployment Rate is set to report at 8:30 a.m. ET
  • ISM Non-Manufacturing Index and Factory Orders are due at 10:00 a.m.
To see more economic news, click here

Earnings

  • Booz Allen Hamilton (NYSE: BAH) Reports Q3 EPS $0.40 vs $0.39 Est; Revenues $1.44B vs $1.47B Est
  • Weyerhaeuser (NYSE: WY) Reports Q4 EPS $0.14 vs $0.06 Est; Revenues $1.6B vs $1.59B Est
  • Spectrum Brands (NYSE: SPB) Holdings Reports Q1 EPS $0.69 vs $0.61 Est; Sales $848.8M vs $880.6M 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 0.04%
  • Energy futures are trading higher, with crude oil posting gains of about 0.15%
  • Natural Gas futures are lower by about 2.7% and copper is trading higher by about 0.5%
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 S&P 500 1330 1326 1321 1317 1312
Gold 1776 1769 1756 1748 1735
Crude 99.23 97.91 96.57 95.36 94.13
Natural Gas 2.74 2.65 2.49 2.40 2.24
EUR/USD 1.3246 1.3194 1.3139 1.3087 1.3032
US Dollar Index 79.54 79.31 79.10 78.85 78.61


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

 

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