Market Overview

Financial Breakfast: Morning News Summary for June 28, 2012

Related FDO
Dollar Store Headwinds Not Uprooting Deutsche From Dollar Tree Buy Rating
Bull And Bear Cases For Dollar Tree Ahead Of Q3 Earnings

Thursday, June 28, 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

  • Family Dollar Stores (NYSE: FDO) Reports Q3 EPS $1.06 vs $1.07 Est; Revenues $2.36B vs $2.37B Est
  • Vertex (NASDAQ: VRTX) Announces Final Data from Phase 2 Combination Study of VX-809 and KALYDECO Showed Statistically Significant Improvements

Domestic Pre-Market Trading

  • U.S. Equity Markets trade down as Dow futures trade lower about 70 points.
  • U.S. Dollar trades about 0.08% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 dropped 0.90%, Germany's DAX slid 0.83% and France's CAC 40 fell 0.84% on the session.
  • Asian stocks ended the session mixed. China's Shanghai fell 0.95%, Japan's Nikkei 225 advanced 1.65%, and Hong Kong's Hang Seng slid 0.79%.
To see more overseas news, click here.


  • JP Morgan Upgrades Orexigen Therapeutics (NASDAQ: OREX) from Neutral to Overweight, Maintains PT at $10
To see more of today's upgrades, click here.

  • Citigroup Downgrades Actuant (NYSE: ATU) from Buy to Neutral, Lowers PT from $33 to $29
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 a.m. ET - GDP (QoQ)
  • 08:30 - Initial, Continuing Jobless Claims
  • 10:30 - Natural Gas Storage
  • 11:00 - KC Fed Manufacturing
  • 12:00 - FOMC Member Fisher Speaks
  • 13:00 - 7-Year Note Auction
To see more economic news, click here


  • Family Dollar Stores (NYSE: FDO) Reports Q3 EPS $1.06 vs $1.07 Est; Revenues $2.36B vs $2.37B Est
  • Greenbriers (NYSE: GBX) Reports Q3 EPS $0.61 vs $0.60 Est; Revenues $507.8M vs $519.39M 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 0.49%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.25%
  • Natural Gas futures are trading 0.64% higher and copper is trading lower by about 0.18%
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 1336 1331 1322 1317 1307
Gold 1596 1586 1574 1564 1553
Crude 82.26 81.35 80.02 79.11 77.78
Natural Gas 3.04 2.90 2.83 2.69 2.62
EUR/USD 1.2532 1.2499 1.2472 1.2439 1.2412
US Dollar Index 83.13 82.95 82.72 82.54 82.32

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Latest Ratings for FDO

Apr 2015JefferiesMaintainsHold
Jan 2015BarclaysMaintainsEqual-Weight
Jan 2015JefferiesDowngradesBuyHold

View More Analyst Ratings for FDO
View the Latest Analyst Ratings

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


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