This is your Benzinga news summary and traders' summary for Thursday, December 29, 2011, covering headlines from the day and Wednesday's after-hours session.
Today in the domestic after-hours session, U.S equity indices trended higher. At last check, the Dow Jones Industrial Average is up by about 135 points or 1.12% and the U.S. dollar trades lower near the $80.80 level.
Earlier this morning, RBC Capital upgraded News Corp
NWSA to Top Pick and Roth Capital upgraded Hollisys Automation Technologies
HOLI to Buy. View all of
today's upgrades here.
Miller Tabak downgraded City National
CYN to Hold and Raymond James downgraded Edenor
EDN to Market Perform. View all of
today's downgrades here.
Overseas, European markets ended lower in their trading sessions. Britain's FTSE 100 increased by 1.08 %, Germany's DAX gained 1.34 % and France's CAC 40 rallied by 1.84% on the session. Asian stocks ended the session mixed. China's Shanghai Index gained 0.16%, Japan's Nikkei 225 slid 0.29%, and Hong Kong's Hang Seng Index tumbled 0.65%.
On the economic calendar, Initial Jobless Claims came in at 381K versus an estimate of 370K; Pending Home Sales MoM came in at 7.3% versus an estimate of 1.5%.
On the commodity front, gold and silver futures are higher in after-hours trading, with gold trading higher at about $1547.90 per ounce and silver trading higher at about $27.82 per ounce. Energy futures are lower with crude oil up over 0.3% near the $99.70 level and gasoline trading higher by about 1%. Natural Gas futures are lower by about 2.5 % and copper futures are trading over 0.3 % higher this evening.
In corporate news, Gladstone Commercial Corp
GOOD announced that it
acquired property in Pittsburgh for $4.2M .
Fushi Copperweld
FSIN today announced that
it has received an offer to become private, at $9.50 per share.
Imperial Sugar Company
IPSU today announced that
it has delayed its 10-K because it has not received audited financials from a major equity holder.
Today's movers include:
Hollysys Automation Technologies HOLI +17.1% after securing contract with a Chinese company
Ivanhoe Energy IVAN +15.7% on heavy volume
DexCom DXCM +10.1% on positive analyst sentiment
Deckers Outdoor Corporation DECK -8% after entering new financing agreement
StoneMor Partners STON -5.8% on heavy volume
Danaos Corporation DAC -5.4% on low volume
This concludes your news summary for December 29, 2011.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
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