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Wednesday, May 9, 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 87 points.
- U.S. Dollar trades about 0.31% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 slid 1.05%, Germany's DAX fell 0.42% and France's CAC 40 dropped 1.05% on the session.
- Asian stocks ended the session lower as well. China's Shanghai slid 1.62%, Japan's Nikkei 225 fell 1.49%, and Hong Kong's Hang Seng dropped 0.75%.
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley Upgrades Dow Chemical DOW from Equal-weight to Overweight, Raises PT from $35 to $38
- Piper Jaffray Upgrades Veeco Instruments VECO from Neutral to Overweight, Raises PT from $30 to $50
To see more of today's upgrades, click here.
- JP Morgan Downgrades Fossil FOSL from Overweight to Neutral, Lowers PT from $138 to $88
- Jefferies & Company Downgrades Chiquita Brands CQB from Buy to Hold, Lowers PT from $12 to $7.5
To see more of today's downgrades, click here.
On the Economic Calendar
- 10:00 a.m. ET - Wholesale Inventories (MoM)
- 10:30 - Gasoline Inventories
- 10:30 - Crude Oil Inventories
- 13:00 - 10-Year Note Auction
To see more economic news, click here
Earnings
- AOL AOL Reports Q1 EPS $0.22 vs $0.07 Est; Revenues $529.4M vs $526.48M Est
- Spectrum Brands SPB Reports Q2 EPS $0.34 vs $0.32 Est; Revenues $746.3M vs $724.07M Est
- Teva Pharmaceutical TEVA Reports Q1 EPS $1.47 vs $1.44 Est; Revenues $5.1B vs $5.51B Est
- Dollar Thrifty Automotive DTG Reports Q1 EPS $1.35 vs $1.3 Est; Revenues $356.3M vs $355.53M Est
To see more earnings announcements, click here.
Corporate News
- From Yesterday, Green Mountain Coffee GMCR Fires Stiller as Chairman, Mardy Replaces as Interim Chairman
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 1.21%
- Energy futures are trading lower, with crude oil posting early losses of about 0.84%
- Natural Gas futures are trading 2.2% higher and copper is trading lower by about 1.31%
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 | 1379 | 1369 | 1356 | 1346 | 1333 |
Gold | 1655 | 1630 | 1613 | 1585 | 1570 |
Crude | 99.26 | 98.33 | 96.93 | 96.00 | 94.60 |
Natural Gas | 2.57 | 2.50 | 2.39 | 2.32 | 2.20 |
EUR/USD | 1.3070 | 1.3037 | 1.3009 | 1.2977 | 1.2949 |
US Dollar Index | 80.24 | 80.09 | 79.92 | 79.77 | 79.61 |
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Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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Posted In: EarningsNewsBondsUpgradesDowngradesFuturesTechnicalsCommoditiesForexGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneral
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