Friday, May 11, 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
- Yesterday, JPMorgan Chase & Co JPM revealed a trading loss of $2 billion in its synthetic credit portfolio.
- Yesterday, FDA Panel Votes 18-4-1 That Available Data Demonstrate Potential Benefits of Arena Pharmaceutical's ARNA Lorcaserin Outweigh Potential Risks
- U.S. Equity Markets trade lower as Dow futures trade down about 73 points.
- U.S. Dollar trades about 0.17% higher.
- European markets are lower in afternoon trading. Britain's FTSE 100 slid 0.66%, Germany's DAX fell 0.61% and France's CAC 40 dropped 1.1% on the session.
- Asian stocks ended the session lower as well. China's Shanghai slid 0.62%, Japan's Nikkei 225 fell 0.63%, and Hong Kong's Hang Seng dropped 1.3%.
- Credit Suisse Upgrades Bed Bath & Beyond BBBY from Neutral to Buy, Raises PT from $75 to $91
- Credit Suisse Upgrades Verizon Communications VZ from Neutral to Outperform, Raises PT from $38 to $45
- Credit Suisse Downgrades Best Buy BBY from Outperform to Neutral, Lowers PT from $32 to $20
- Citigroup Downgrades Windstream WIN from Buy to Neutral, Lowers PT from $15 to $11
- 08:30 a.m. ET - PPI (MoM)
- 08:30 - Core PPI (MoM)
- 09:55 - Michigan Consumer Sentiment
- ReneSola SOL Reports Q1 EPS $-0.23 vs $-0.31 Est; Revenues $211.5M vs $177.60M Est
- Yesterday, JPMorgan Chase & Co JPM revealed a trading loss of $2 billion in its synthetic credit portfolio.
- Yesterday, FDA Panel Votes 18-4-1 That Available Data Demonstrate Potential Benefits of Arena Pharmaceutical's ARNA Lorcaserin Outweigh Potential Risks
- Precious metals are trading lower, with gold posting early losses of about 0.9%
- Energy futures are trading lower, with crude oil posting early losses of about 1.12%
- Natural Gas futures are trading 0.04% higher and copper is trading lower by about 1.84%
Domestic Pre-Market Trading
To see more pre-market news, click here.
Overseas Trading
To see more overseas news, click here.
Upgrades/Downgrades
To see more of today's upgrades, click here.
To see more of today's downgrades, click here.
On the Economic Calendar
To see more economic news, click here
Earnings
To see more earnings announcements, click here.
Corporate News
To see more corporate news, click here.
Commodities
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 | 1372 | 1364 | 1356 | 1349 | 1340 |
Gold | 1610 | 1602 | 1593 | 1584 | 1576 |
Crude | 98.38 | 97.47 | 96.77 | 95.90 | 95.16 |
Natural Gas | 2.57 | 2.52 | 2.46 | 2.41 | 2.35 |
EUR/USD | 1.3000 | 1.2967 | 1.2945 | 1.2912 | 1.2891 |
US Dollar Index | 80.50 | 80.42 | 80.24 | 80.15 | 79.99 |
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