Monday, December 12, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• After October 10th, 1953, there has never been a day on the NYSE where less than a million shares have been traded.
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- Boeing BA and Etihad Airways announced an order for 10 Boeing 787-9 Dreamliners and two Boeing 777 Freighters, valued at a combined $2.8 billion at current list prices.
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 70 points.
- U.S. Dollar trades about 0.8% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.4%, Germany's DAX slid 1.3% and France's CAC 40 fell 1% on the session.
- Asian stocks ended the session mixed. China's Shanghai lost 0.99%, Japan's Nikkei 225 added 1.4% and Hong Kong's Hang Seng Index lost 0.6%.
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley upgrades Boeing BA to Overweight
- Oppenheimer upgrades Tempur-Pedic TPX to Outperform, $70 PT
To see more of today's upgrades, click here.
- Morgan Stanley downgrades Aeroflex ARX to Underweight, $10 PT
- Citigroup downgrades Occidental Petroleum OXY to Neutral, PT Raised to $100
To see more of today's downgrades, click here.
On the Economic Calendar
- The U.S. Monthly Budget Statement is due at 2:00 p.m. ET.
To see more economic news, click here
Earnings
-
No Earnings Reported this Morning
To see more earnings announcements, click here.
Corporate News
- Boeing BA and Etihad Airways announced an order for 10 Boeing 787-9 Dreamliners and two Boeing 777 Freighters, valued at a combined $2.8 billion at current list prices.
- Ingersoll-Rand IR Board of Directors raised its quarterly dividend to $0.16 per ordinary share, reflecting a 33 percent increase and an annual dividend rate of $0.64 per share.
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 1.9%
- Energy futures are trading lower, with crude oil posting losses of about 1%
- Natural Gas futures are lower by about 2.4% and copper is trading lower by about 2.2%
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 Dow | 12322 | 12235 | 12060 | 11975 | 11802 |
E-Mini S&P 500 | 1275 | 1264 | 1243 | 1232 | 1211 |
Gold | 1737 | 1726 | 1716 | 1705 | 1695 |
Crude | 101.58 | 100.71 | 99.03 | 98.16 | 96.48 |
Natural Gas | 3.49 | 3.41 | 3.36 | 3.28 | 3.23 |
EUR/USD | 1.3517 | 1.3451 | 1.3366 | 1.3299 | 1.3214 |
USD/JPY | 77.90 | 77.70 | 77.62 | 77.48 | 77.34 |
US Dollar Index | 79.47 | 79.05 | 78.77 | 78.35 | 78.07 |
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Posted In: NewsDividendsUpgradesDowngradesFuturesTechnicalsCommoditiesContractsForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneral
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