Monday, May 14, 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
- Carl Icahn Expectd To Disclose Significant Stake In Chesapeake Energy CHK -WSJ
- Scott Thompson Out as Yahoo YHOO CEO; Ross Levinsohn to Be Named Interim CEO; Thompson Told Board, Colleagues He Has Thyroid Cancer
- On Saturday, the People's Bank of China cut its Reserve Ratio by 50 Basis Points
- U.S. Equity Markets trade lower as Dow futures trade down about 101 points.
- U.S. Dollar trades about 0.35% higher.
- European markets are lower in afternoon trading. Britain's FTSE 100 slid 2.17%, Germany's DAX fell 2.14% and France's CAC 40 dropped 2.5% on the session.
- Asian stocks ended the session mixed. China's Shanghai slid 0.55%, Japan's Nikkei 225 added 0.23%, and Hong Kong's Hang Seng dropped 1.15%.
- On Saturday, the People's Bank of China cut its Reserve Ratio by 50 Basis Points
- Goldman Sachs Upgrades St Jude Medical STJ from Neutral to Buy, Raises PT from $45 to $50
- JP Morgan Upgrades McDermott International MDR from Neutral to Overweight, Raises PT from $14.5 to $16
- Goldman Sachs Downgrades Symantec SYMC from Neutral to Sell, Lowers PT from $16 to $14
- Goldman Sachs Downgrades Synchronoss Technologies SNCR from CL-Buy to Buy, Lowers PT from $37 to $28
- 11:30 a.m. ET - 6-Month Bill Auction
- 11:30 - 3-Month Bill Auction
- InterOil IOC Reports Q1 EPS $0.19 vs $0.05 Est; Revenues $338.1M vs $310.8M Est
- Silver Wheaton SLW Reports Q1 EPS $0.41 vs $0.44 Est; Revenues $199.6M vs $210M Est
- Francesca's Holdings FRAN Terminates Employment of CFO; Raises Q1 EPS Guidance to $0.17-0.18 vs $0.14-0.15 Prior Guidance
- Carl Icahn Expectd To Disclose Significant Stake In Chesapeake Energy CHK -WSJ
- Scott Thompson Out as Yahoo YHOO CEO; Ross Levinsohn to Be Named Interim CEO; Thompson Told Board, Colleagues He Has Thyroid Cancer
- Tii Network Technologies TIII To Be Acquired By Kelta For $2.15 Per Share
- Precious metals are trading lower, with gold posting early losses of about 1.4%
- Energy futures are trading lower, with crude oil posting early losses of about 1.8%
- Natural Gas futures are trading 0.04% lower and copper is trading lower by about 2.06%
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 | 1370 | 1360 | 1352 | 1342 | 1334 |
Gold | 1599 | 1589 | 1580 | 1571 | 1562 |
Crude | 97.75 | 96.66 | 96.11 | 95.02 | 94.45 |
Natural Gas | 2.56 | 2.53 | 2.49 | 2.45 | 2.41 |
EUR/USD | 1.2977 | 1.2946 | 1.2925 | 1.2894 | 1.2873 |
US Dollar Index | 80.60 | 80.54 | 80.37 | 80.27 | 80.10 |
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