Financial Breakfast: Morning News Summary for April 20, 2012

Friday, April 20, 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

  • German Ifo Business Climate Index and UK Retail Sales Reported better than Estimates
  • General Electric GE Reports Q1 EPS $0.34 vs $0.33 Est; Revenues $35.18B vs $34.66B Est
  • Under Armour UA Reports Q1 EPS $0.28 vs $0.24 Est; Revenues $384.4M vs $379.97M Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 62 points.
  • U.S. Dollar trades about 0.37% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.27%, Germany's DAX gained 0.96% and France's CAC 40 advanced 0.50% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 1.17%, Japan's Nikkei 225 slid 0.28%, and Hong Kong's Hang Seng gained 0.07%.
  • German Ifo Business Climate Index and UK Retail Sales Reported better than Estimates
To see more overseas news, click here.

Upgrades/Downgrades

  • JP Morgan Upgrades Brown & Brown BRO from Neutral to Overweight, Raises PT from $26 to $30
  • Goldman Sachs Upgrades TransDigm TFG from Neutral to Buy, Raises PT from $137 to $144
To see more of today's upgrades, click here.

  • Cantor Fitzgerald Downgrades Riverbed Technology RVBD from Buy to Hold, Lowers PT from $32 to $27
  • Goldman Sachs Downgrades Lumber Liquidators LL from Buy to Neutral, Maintains PT at $25
To see more of today's downgrades, click here.

On the Economic Calendar

    No Major Economic Events Today
To see more economic news, click here

Earnings

  • General Electric GE Reports Q1 EPS $0.34 vs $0.33 Est; Revenues $35.18B vs $34.66B Est
  • Johnson Controls JCI Reports Q2 EPS $0.53 vs $0.53 Est; Revenues $10.6B vs $10.57B Est
  • Schlumberger SLB Reports Q1 EPS $0.98 vs $0.98 Est; Revenues $10.61B vs $10.57B Est
  • Kimberly-Clark KMB Reports Q1 EPS $1.24 vs $1.17 Est; Revenues $5.2B vs $5.04B Est
  • Under Armour UA Reports Q1 EPS $0.28 vs $0.24 Est; Revenues $384.4M vs $379.97M 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 0.17%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.57%
  • Natural Gas futures are trading 0.42% higher and copper is trading higher by about 0.47%
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 1400 1386 1378 1362 1351
Gold 1667 1655 1643 1632 1619
Crude 104.49 103.78 102.96 102.25 101.43
Natural Gas 1.99 1.94 1.92 1.88 1.85
EUR/USD 1.3220 1.3178 1.3123 1.3081 1.3027
US Dollar Index 80.19 79.94 79.73 79.49 79.26


Subscribe Click here to subscribe to this newsletter. Receive it daily to your inbox!
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
▲▼
ticker
▲▼
name
▲▼
Price Target
▲▼
Upside/Downside
▲▼
Recommendation
▲▼
Firm
▲▼
Posted In: NewsBondsUpgradesDowngradesFuturesTechnicalsCommoditiesForexBuybacksEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneralConsumer DiscretionaryHome Improvement Retail
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!