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Financial Breakfast: Morning News Summary for March 21, 2012

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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 (NASDAQ: LNKD) from Neutral to Buy, Raises PT from $80 to $135
  • General Mills (NYSE: 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 (NASDAQ: LNKD) from Neutral to Buy, Raises PT from $80 to $135
  • The Benchmark Company Upgrades Open Table (NASDAQ: OPEN) from Hold to Buy, Announces PT of $50
To see more of today's upgrades, click here.

  • Guggenheim Downgrades SunTrust Banks (NYSE: STI) from Buy to Neutral, Maintains PT at $26
  • Citigroup Downgrades Sabra Healthcare (NASDAQ: 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 (NYSE: 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

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 Forex

Name 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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Posted-In: Earnings News Bonds Upgrades Downgrades Futures Technicals Commodities Best of Benzinga

 

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