Financial Breakfast: Morning News Summary for March 9, 2012

Friday, March 9, 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

  • Nonfarm Payroll, Unemployment Rate, and Trade Balance are set to report at 8:30 a.m. ET

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 3 points.
  • U.S. Dollar trades about 0.37% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.06%, Germany's DAX gained 0.28% and France's CAC 40 advanced 0.03% on the session.
  • Asian stocks ended the session higher. China's Shanghai added 0.79%, Japan's Nikkei 225 gained 1.65%, and Hong Kong's Hang Seng advanced 0.89%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Jefferies & Company Upgrades Kohls KSS from Hold to Buy, Raises PT from $47 to $59
  • BMO Capital Markets Upgrades Cloud Peak Energy CLD to Outperform
To see more of today's upgrades, click here.

  • Bank of America Downgrades Green Mountain Coffee Roasters GMCR from Buy to Neutral, Lowers PO from $70 to $63
  • JP Morgan Downgrades Pall PLL from Neutral to Underweight, Maintains PT at $53
To see more of today's downgrades, click here.

On the Economic Calendar

  • Nonfarm Payroll, Unemployment Rate, and Trade Balance are set to report at 8:30 a.m. ET
  • Wholesale Inventories are set to report at 10:00 a.m.
To see more economic news, click here

Earnings

    No Major Earnings this Morning
To see more earnings announcements, click here.

Corporate News

  • Green Mountain Coffee Roasters GMCR Issues Comment on Starbucks' SBUX Espresso-Based Single Cup Category Initiative.
To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.14%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.27%
  • Natural Gas futures are higher by about 1.28% and copper is trading higher by about 0.44%
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 1370 1365 1357 1352 1343
Gold 1714 1707 1697 1689 1679
Crude 107.99 107.42 106.63 106.06 105.27
Natural Gas 2.36 2.32 2.28 2.24 2.19
EUR/USD 1.3367 1.3320 1.3242 1.3194 1.3117
US Dollar Index 79.91 79.54 79.32 78.95 78.72


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Posted In: EarningsNewsBondsGuidanceUpgradesDowngradesFuturesTechnicalsCommoditiesForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneral
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