Market Overview

Financial Breakfast: Morning News Summary for May 16, 2012

Related DE
5 Biggest Price Target Changes For Wednesday
Greenlight's Q4 Letter Reveals Another Tough Quarter For David Einhorn
Caterpillar Stock Analysis - There's Trouble Ahead (Seeking Alpha)

Wednesday, May 16, 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

  • Deere & Company (NYSE: DE) Reports Q2 EPS $2.61 vs $2.53 Est; Revenues $9.4B vs $9.70B Es
  • Abercrombie & Fitch (NYSE: ANF) Reports Q1 EPS $0.03 vs $0.02 Est; Revenues $921.2M vs $951.33M Est
  • Facebook (NASDAQ: FB) Boosts Number of Shares for Sale in IPO to 421.2M from 337.4M
  • Domestic Pre-Market Trading

    • U.S. Equity Markets trade lower as Dow futures trade up about 4 points.
    • U.S. Dollar trades about 0.23% higher.
    To see more pre-market news, click here.

    Overseas Trading

    • European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.88%, Germany's DAX fell 0.78% and France's CAC 40 advanced 0.33% on the session.
    • Asian stocks ended the session lower. China's Shanghai slid 1.20%, Japan's Nikkei 225 fell 1,12%, and Hong Kong's Hang Seng tumbled 3.19%.
    To see more overseas news, click here.


    • JP Morgan Upgrades Weatherford International (NYSE: WFT) from Neutral to Overweight, Maintains PT at $19
    • Citigroup Upgrades Akamai Technologies (NASDAQ: AKAM) from Sell to Neutral, Maintains PT at $32
    To see more of today's upgrades, click here.

    • JP Morgan Downgrades Baker Hughes (NYSE: BHI) from Overweight to Neutral, Lowers PT from $53 to $50
    • Imperial Capital Downgrades Summer Infant (NASDAQ: SUMR) from Outperform to In-Line, Lowers PT from $9 to $5
    To see more of today's downgrades, click here.

    On the Economic Calendar

    • 08:30 a.m. ET - Housing Starts
    • 08:30 - Building Permits
    • 09:15 - Capacity Utilization Rate
    • 09:15 - Industrial Production (MoM)
    • 10:30 - Crude Oil Inventories
    • 10:30 - Gasoline Inventories
    • 14:00 - FOMC Meeting Minutes
    To see more economic news, click here


    • Deere & Company (NYSE: DE) Reports Q2 EPS $2.61 vs $2.53 Est; Revenues $9.4B vs $9.70B Es
    • Abercrombie & Fitch (NYSE: ANF) Reports Q1 EPS $0.03 vs $0.02 Est; Revenues $921.2M vs $951.33M 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 1.46%
    • Energy futures are trading lower, with crude oil posting early losses of about 1.54%
    • Natural Gas futures are trading 0.20% higher and copper is trading lower by about 1.52%
    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 1355 1341 1333 1320 1312
    Gold 1573 1558 1549 1535 1526
    Crude 96.32 94.70 93.86 92.24 91.40
    Natural Gas 2.60 2.55 2.48 2.44 2.37
    EUR/USD 1.2919 1.2824 1.2772 1.2676 1.2625
    US Dollar Index 81.98 81.70 81.16 80.88 80.34

    Subscribe Click here to subscribe to this newsletter. Receive it daily to your inbox!

Latest Ratings for DE

Jan 2018RBC CapitalUpgradesSector PerformOutperform
Dec 2017BarclaysInitiates Coverage OnOverweight
Nov 2017BMO CapitalMaintainsOutperformOutperform

View More Analyst Ratings for DE
View the Latest Analyst Ratings

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


Related Articles (AKAM + ANF)

View Comments and Join the Discussion!