Market Overview

Financial Breakfast: Morning News Summary for May 4, 2012

Related GEOY
GeoEye and DigitalGlobe Receive Antitrust Clearance in Connection with Pending Combination
DigitalGlobe Receives Antitrust Clearance Related to Geoeye Deal

Friday, May 4, 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

  • GeoEye (NASDAQ: GEOY) Proposes Acquisition Of DigitalGlobe (NYSE: DGI) for $17/Share
  • Duke Energy (NYSE: DUK) Reports Q1 EPS $0.38 vs $0.37 Est; Revenues $3.63B vs $3.60B Est
  • Domestic Pre-Market Trading

    • U.S. Equity Markets trade higher as Dow futures trade up about 12 points.
    • U.S. Dollar trades about 0.06% higher.
    To see more pre-market news, click here.

    Overseas Trading

    • European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.50%, Germany's DAX fell 0.29% and France's CAC 40 added 0.11% on the session.
    • Asian stocks ended the session mixed as well. China's Shanghai added 0.50%, Japan's Nikkei 225 gained 0.31%, and Hong Kong's Hang Seng slid 0.77%.
    To see more overseas news, click here.


    • JP Morgan Upgrades Whole Foods Market (NYSE: WFM) from Neutral to Overweight, Raises PT from $77 to $105
    • Goldman Sachs Upgrades Health Net (NYSE: HNT) from Neutral to Buy, Maintains PT at $35
    To see more of today's upgrades, click here.

    • Deutsche Bank Downgrades Mednax (NYSE: MD) from Buy to Hold, Lowers PT from $81 to $73
    • Versant Partners Downgrades Open Text (NASDAQ: OTEX) from Buy to Neutral, Lowers PT from $70 to $62
    To see more of today's downgrades, click here.

    On the Economic Calendar

    • 08:30 a.m. ET - Private Nonfarm Payrolls
    • 08:30 - Nonfarm Payrolls
    • 08:30 - Unemployment Rate
    To see more economic news, click here


    • Duke Energy (NYSE: DUK) Reports Q1 EPS $0.38 vs $0.37 Est; Revenues $3.63B vs $3.60B Est
    • PPL (NYSE: PPL) Reports Q1 EPS $0.70 vs $0.66 Est; Revenues $4.11B May Not Compare vs $3.14B Est
    • Exelis (NYSE: XLS) Reports Q1 EPS $0.47 vs $0.42 Est; Revenues $1.4B vs $1.34B Es
    • Church & Dwight (NYSE: CHD) Reports Q1 EPS $0.66 vs $0.61 Est; Revenues $690.6M vs $672.96M Est
    To see more earnings announcements, click here.

    Corporate News

    To see more corporate news, click here.


    • Precious metals are trading lower, with gold posting early losses of about 0.10%
    • Energy futures are trading lower, with crude oil posting early losses of about 1.32%
    • Natural Gas futures are trading 0.04% lower and copper is trading higher by about 0.29%
    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 1409 1397 1391 1379 1372
    Gold 1657 1646 1639 1628 1620
    Crude 106.35 104.40 103.38 101.42 100.41
    Natural Gas 2.44 2.39 2.32 2.27 2.21
    EUR/USD 1.3226 1.3189 1.3141 1.3104 1.3057
    US Dollar Index 79.70 79.48 79.30 79.10 78.93

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Latest Ratings for GEOY

Nov 2012BenchmarkMaintainsHold
Nov 2012JP MorganMaintainsNeutral
Oct 2012BenchmarkMaintainsHold

View More Analyst Ratings for GEOY
View the Latest Analyst Ratings

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


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