Friday, February 24, 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
- Kenneth Cole KCP Proposes Transaction to Acquire 100% of Public Interest in Kenneth Cole Productions for $15 per Share
- W&T Offshore WTI Increases Quarterly Dividend 100% to $0.08
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 27 points.
- U.S. Dollar trades about 0.40% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 added 0.13%, Germany's DAX gained 0.12% and France's CAC 40 advanced 0.54% on the session.
- Asian stocks ended the session higher as well. China's Shanghai added 1.24%, Japan's Nikkei 225 advanced 0.54%, and Hong Kong's Hang Seng gained 0.12%.
To see more overseas news, click here.
Upgrades/Downgrades
- Bank of America Upgrades Deutsche Bank DB from Neutral to Buy, Raises PO from $39 to $42
- Citigroup Upgrades Baxter International BAX from Sell to Neutral, Raises PT from $53 to $57
To see more of today's upgrades, click here.
- The Benchmark Company Downgrades Warnaco Group WRC from Buy to Hold
- Guggenheim Securities Downgrades Invesco Mortgage Capital IVR from Buy to Neutral, Maintains PT at $17
To see more of today's downgrades, click here.
On the Economic Calendar
- University of Michigan Confidence is set to report at 9:55 a.m. ET
- New Home Sales are due at 10:00 a.m.
To see more economic news, click here
Earnings
- Alpha Natural Resources ANR Reports Q4 EPS $0.07 May Not Compare vs $0.26 Est; Revenues $2.07B vs $2.16B Est
- Endo Pharmaceuticals ENDP Reports Q4 EPS $1.40 vs $1.32 Est; Revenues $803.00M vs $802.91M Est
- Westar Energy WR Reports Q4 EPS $0.16 vs $0.15 Est; Revenues $486.2M vs $468.22M Est
To see more earnings announcements, click here.
Corporate News
- Kenneth Cole KCP Proposes Transaction to Acquire 100% of Public Interest in Kenneth Cole Productions for $15 per Share
- W&T Offshore WTI Increases Quarterly Dividend 100% to $0.08
- Dell DELL Acquires AppAssure; Terms Not Disclosed
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.30%
- Energy futures are trading higher, with crude oil posting early gains of about 0.56%
- Natural Gas futures are lower by about 0.27% and copper is trading higher by about 0.70%
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 | 1372 | 1368 | 1359 | 1354 | 1344 |
Gold | 1797 | 1789 | 1781 | 1773 | 1765 |
Crude | 110.92 | 109.08 | 107.63 | 106.51 | 104.34 |
Natural Gas | 2.75 | 2.67 | 2.61 | 2.54 | 2.48 |
EUR/USD | 1.3456 | 1.3412 | 1.3334 | 1.3292 | 1.3213 |
US Dollar Index | 79.44 | 79.06 | 78.86 | 78.43 | 78.27 |
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Posted In: EarningsNewsBondsGuidanceUpgradesDowngradesFuturesTechnicalsCommoditiesForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneral
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