Wednesday, March 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
- Goldman Sachs Upgrades LinkedIn LNKD from Neutral to Buy, Raises PT from $80 to $135
- General Mills GIS Reports Q3 EPS $0.55 vs $0.56 Est; Revenues $4.12B vs $4.09B Est
- 09:30 a.m. ET - Fed Chairman Bernanke Testifies
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 22 points.
- U.S. Dollar trades about 0.11% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.13%, Germany's DAX gained 0.34% and France's CAC 40 advanced 0.28% on the session.
- Asian stocks ended the session mixed. China's Shanghai added 0.09%, Japan's Nikkei 225 lost 0.55%, and Hong Kong's Hang Seng slid 0.15%.
To see more overseas news, click here.
Upgrades/Downgrades
- Goldman Sachs Upgrades LinkedIn LNKD from Neutral to Buy, Raises PT from $80 to $135
- The Benchmark Company Upgrades Open Table OPEN from Hold to Buy, Announces PT of $50
To see more of today's upgrades, click here.
- Guggenheim Downgrades SunTrust Banks STI from Buy to Neutral, Maintains PT at $26
- Citigroup Downgrades Sabra Healthcare SBRA to Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- 09:30 a.m. ET - Fed Chairman Bernanke Testifies
- 10:00 - Existing Home Sales
- 10:30 - Gasoline Inventories
- 10:30 - Crude Oil Inventories
To see more economic news, click here
Earnings
- General Mills GIS Reports Q3 EPS $0.55 vs $0.56 Est; Revenues $4.12B vs $4.09B Est
To see more earnings announcements, click here.
Corporate News
- Volkswagen Partners With Amyris AMRS and Solazyme SZYM to Promote Automotive use of Renewable Fuels.
- Bioline VIVO Receives Clearance from TGA for the Commercialization in Australia of the New Molecular Test illumigene Group B Streptococcus
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.40%
- Energy futures are trading higher, with crude oil posting early gains of about 0.51%
- Natural Gas futures are higher by about 0.09% and copper is trading higher by about 0.30%
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 | 1410 | 1405 | 1398 | 1393 | 1386 |
Gold | 1666 | 1658 | 1650 | 1642 | 1633 |
Crude | 109.12 | 107.73 | 106.72 | 105.33 | 104.32 |
Natural Gas | 2.39 | 2.35 | 2.33 | 2.30 | 2.28 |
EUR/USD | 1.3295 | 1.3259 | 1.3215 | 1.3179 | 1.3135 |
US Dollar Index | 80.27 | 80.05 | 79.88 | 79.67 | 79.50 |
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