Financial Breakfast: Morning News Summary for April 3, 2012

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Tuesday, April 3, 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

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 19 points.
  • U.S. Dollar trades about 0.05% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 slid 0.21%, Germany's DAX fell 0.09% and France's CAC 40 dropped 0.39% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.45%, Japan's Nikkei 225 fell 0.59%, and Hong Kong's Hang Seng added 1.31%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Goldman Sachs Upgrades AutoZone AZO from Neutral to CL-Buy, Raises PT from $405 to $435
  • Goldman Sachs Upgrades Constellation Brands STZ from Neutral to Buy, Announces PT of $29
To see more of today's upgrades, click here.

  • Citigroup Downgrades Newmont Mining NUE from Buy to Neutral, Lowers PT from $80 to $56
  • Goldman Sachs Downgrades Accretive Health AH from Buy to Neutral, Lowers PT from $31 to $24
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:55 a.m. ET - Redbook (MoM)
  • 09:45 - New York NAPM
  • 10:00 - Factory Orders (MoM)
  • 11:30 - 52-Week Bill Auction
  • 11:30 - 4-Week Bill Auction
  • 14:00 - FOMC Meeting Minutes
To see more economic news, click here

Earnings

  • Conn's CONN Reports Q4 EPS $0.34 vs $0.29 Est; Revenues $226.7M vs $221.90M Est
  • International Speedway ISCA Reports Q1 EPS $0.37 vs $0.39 Est; Revenues $127.4M vs $134.50M Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting early losses of about 0.11%
  • Energy futures are trading lower, with crude oil posting early losses of about 0.77%
  • Natural Gas futures are lower by about 1.5% and copper is trading lower by about 0.5%
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 1428 1420 1409 1401 1390
Gold 1696 1687 1675 1666 1654
Crude 107.63 106.33 104.20 102.90 100.77
Natural Gas 2.22 2.18 2.12 2.08 2.03
EUR/USD 1.3427 1.3373 1.3327 1.3271 1.3223
US Dollar Index 79.42 79.21 79.07 78.86 78.71

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Posted In: EarningsNewsBondsUpgradesDowngradesFuturesTechnicalsCommoditiesForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneral
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