Tuesday, February 21, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- Prolonged talks between Greece and its lenders have finally produced an agreement in which Greece will its second bailout. The numbers coming out of the talks' chambers are €130 billion and 121 percent.
- Threshold Pharmaceuticals THLD Announces Positive Phase 2b Clinical Trial Results of TH-302 in Patients With Pancreatic Cancer
- Alibaba Group YHOO Proposes Privatization of Alibaba.com for HK$13.50 per Share
- Wal-Mart WMT Reports Q4 Cont Ops EPS $1.51, Ex-Items $1.44 vs $1.45 Est; Revenues $123.17B vs $124.26B Est
- Mylan MYL Reports Q4 EPS $0.53 vs $0.50 Est; Revenues $1.53B vs $1.55B Est
- Medco Health Solutions MHS Reports Q4 EPS $1.25 vs $1.17 Est; Revenues $18.99B vs $17.47B Est
- Home Depot HD Reports Q4 EPS $0.50 vs $0.42 Est; Revenues $16.01B vs $15.49B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 40 points.
- U.S. Dollar trades about 0.27% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.34%, Germany's DAX slid 0.7% and France's CAC 40 fell 0.67% on the session.
- Asian stocks ended the session mixed. China's Shanghai added 0.76%, Japan's Nikkei 225 fell 0.23%, and Hong Kong's Hang Seng gained 0.25%.
- Prolonged talks between Greece and its lenders have finally produced an agreement in which Greece will its second bailout. The numbers coming out of the talks' chambers are €130 billion and 121 percent.
To see more overseas news, click here.
Upgrades/Downgrades
- Citigroup Upgrades Advanced Energy Industries AEIS from Neutral to Buy, Raises PT from $10 to $16.5
- ISI Group Upgrades Deckers Outdoor DECK from Hold to Buy, Maintains PT at $120
To see more of today's upgrades, click here.
- Morgan Stanley Downgrades Host Hotels & Resorts HST from Overweight to Equal-weight, Maintains PT at $17
- Piper Jaffray Downgrades Codexis CDXS from Neutral to Underweight, Lowers PT from $5 to $3.5
To see more of today's downgrades, click here.
On the Economic Calendar
- Chicago Fed National Activity is set to report 8:30 a.m. ET
To see more economic news, click here
Earnings
- Wal-Mart WMT Reports Q4 Cont Ops EPS $1.51, Ex-Items $1.44 vs $1.45 Est; Revenues $123.17B vs $124.26B Est
- Mylan MYL Reports Q4 EPS $0.53 vs $0.50 Est; Revenues $1.53B vs $1.55B Est
- Medco Health Solutions MHS Reports Q4 EPS $1.25 vs $1.17 Est; Revenues $18.99B vs $17.47B Est
- Home Depot HD Reports Q4 EPS $0.50 vs $0.42 Est; Revenues $16.01B vs $15.49B Est
To see more earnings announcements, click here.
Corporate News
- Threshold Pharmaceuticals THLD Announces Positive Phase 2b Clinical Trial Results of TH-302 in Patients With Pancreatic Cancer
- Alibaba Group YHOO Proposes Privatization of Alibaba.com for HK$13.50 per Share
- Repligen RGEN Announces FDA Grant of Priority Review for SecreFlo NDA
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.69%
- Energy futures are trading higher, with crude oil posting early gains of about 1.19%
- Natural Gas futures are lower by about 2.24% and copper is trading higher by about 1.58%
To see more commodities news, click here.
Benzinga's Morning Radar
Technical Levels for Futures and ForexName | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
E-Mini S&P 500 | 1371 | 1368 | 1365 | 1363 | 1359 |
Gold | 1742 | 1739 | 1734 | 1731 | 1726 |
Crude | 106.29 | 105.77 | 105.29 | 104.78 | 104.29 |
Natural Gas | 2.69 | 2.65 | 2.63 | 2.59 | 2.56 |
EUR/USD | 1.3327 | 1.3284 | 1.3233 | 1.3190 | 1.3138 |
US Dollar Index | 79.53 | 79.32 | 79.11 | 78.90 | 78.70 |
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