Thursday, March 8, 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
- BOE Announces Leaves Interest Rates Unchanged at 0.50%
- Smithfield Foods SFD Reports Q1 EPS $0.69 vs $0.66 Est; Revenues $3.48B vs $3.50B Est
- Williams-Sonoma WSMReports Q4 EPS $1.17 vs $1.13 Est; Revenues $1.27B vs $1.25B Est
- Kohl's KSS Opens Eight New Stores Creating Approximately 1,000 Jobs.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 100 points.
- U.S. Dollar trades about 0.47% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 1.35%, Germany's DAX gained 2.19% and France's CAC 40 advanced 2.11% on the session.
- Asian stocks ended the session higher as well. China's Shanghai added 1.05%, Japan's Nikkei 225 gained 2.01%, and Hong Kong's Hang Seng advanced 1.32%.
To see more overseas news, click here.
Upgrades/Downgrades
- JP Morgan Upgrades Cintas CTAS from Neutral to Overweight, Raises PT from $34 to $45
- Deutsche Bank Upgrades Axis Capital Holdings AXS from Hold to Buy, Raises PT from $33 to $38
To see more of today's upgrades, click here.
- Collins Stewart Downgrades TotalTOT from Hold to Sell
- Wunderlich Securities Downgrades Kopin KOPN from Buy to Hold, Lowers PT from $5 to $3.5
To see more of today's downgrades, click here.
On the Economic Calendar
- BOE Announces Leaves Interest Rates Unchanged at 0.50%
- Challenger Job Cuts is set to report at 7:30 a.m. ET
- Initial and Continuing Jobless Claims are due at 8:30 a.m.
To see more economic news, click here
Earnings
- Smithfield Foods SFD Reports Q1 EPS $0.69 vs $0.66 Est; Revenues $3.48B vs $3.50B Est
- Williams-Sonoma WSMReports Q4 EPS $1.17 vs $1.13 Est; Revenues $1.27B vs $1.25B Est
- Buckle Reports BKE Q1 EPS $1.18 vs $1.14 Est; Revenues $337.10M vs $335.11M Est
To see more earnings announcements, click here.
Corporate News
- Kohl's KSS Opens Eight New Stores Creating Approximately 1,000 Jobs.
- Williams-Sonoma WSM Announces Retirement of COO and CFO, Appointment of Acting CFO.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 1.09%
- Energy futures are trading higher, with crude oil posting early gains of about 0.75%
- Natural Gas futures are higher by about 0.39% and copper is trading higher by about 1.23%
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 | 1360 | 1356 | 1350 | 1346 | 1340 |
Gold | 1698 | 1691 | 1681 | 1674 | 1664 |
Crude | 107.89 | 107.00 | 105.69 | 104.82 | 103.49 |
Natural Gas | 2.36 | 2.33 | 2.30 | 2.27 | 2.24 |
EUR/USD | 1.3203 | 1.3175 | 1.3135 | 1.3108 | 1.3068 |
US Dollar Index | 80.12 | 79.93 | 79.78 | 79.59 | 79.45 |
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