Tuesday, November 8, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- Toyota TM Reports Q2 Net Income 80.4B Yen vs 103.5B Yen Est; Toyota Withdraws Full Year Forecasts on Thailand Flooding
- Rumors continue to circulate that Italy's Prime Minister Berlusconi may resign or forced from his position.
- AstraZeneca AZN and Targacept TRGT announced that patients did not respond adequately in top-line results.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher with Dow Futures up over 55 points.
- U.S. Dollar trades about 0.09% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 gained 1.3%, Germany's DAX added 1.5% and France's CAC 40 gained 1.4% on the session.
- Asian stocks ended the session lower. China's Shanghai lost 0.2%, Japan's Nikkei 225 slid 1.3% and Hong Kong's Hang Seng Index was unchanged.
- Rumors continue to circulate that Italy's Prime Minister Berlusconi may resign or forced from his position.
To see more overseas news, click here.
Upgrades/Downgrades
- Citigroup upgrades Team Health Holdings TMH to Buy, PT raised to $24.
- Rodman & Renshaw upgrades RAM Energy Resources RAM to Market Outperform, $1.50 PT.
To see more of today's upgrades, click here.
- Morgan Stanley downgrades Expedia EXPE to Underweight, $25 PT.
- JP Morgan lowers PT on Integra LifeSciences IART to $37 from $53.
To see more of today's downgrades, click here.
On the Economic Calendar
- NFIB Small Business Optimism Index came in at 90.2 versus a 90.0 estimate.
- IBD/TIPP Economic Optimism Index is set to report at 10:00 a.m. ET.
To see more economic news, click here
Earnings
- Toyota TM Reports Q2 Net Income 80.4B Yen vs 103.5B Yen Est; Toyota Withdraws Full Year Forecasts on Thailand Flooding
- Scotts Miracle-Gro SMG Reports Q4 EPS $(0.46) vs $(0.44) Est; Revenues $417.2M vs $414.60M Est; Will not have EPS Guidance until February's Analyst Meeting.
- Fossil FOSL Reports Q3 EPS $1.09 vs $1.03 Est; Revenues $642.90M vs $640.56M Est.
- Rockwell Automation ROK Reports Q4 EPS $1.39 vs $1.21 Est; Sales $1.65B vs $1.55B Est.
- HollyFrontier HFC Reports Q3 EPS $2.48 vs $2.38 Est; Revenues $5.17B vs $4.56B Est.
To see more earnings announcements, click here.
Corporate News
- AstraZeneca AZN and Targacept TRGT announced that patients did not respond adequately in top-line results from the first of four RENAISSANCE Phase 3 studies investigating the efficacy and tolerability of TC-5214 as an adjunct therapy to an antidepressant in patients with major depressive disorder.
- GigaMedia Limited GIGM announced today that President and Chief Operating Officer Thomas Hui has tendered his resignation; his term of office will end on December 31, 2011.
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 0.2%
- Energy futures are trading higher, with crude oil posting gains of about 0.6%
- Natural Gas futures are lower by about 0.7% and copper is trading higher by about 0.5%
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 | 12176 | 12091 | 11939 | 11854 | 11702 |
E-Mini S&P500 | 1277 | 1267 | 1249 | 1239 | 1222 |
Gold | 1829 | 1813 | 1783 | 1767 | 1737 |
Crude | 97.98 | 96.97 | 95.10 | 94.09 | 92.22 |
Natural Gas | 3.81 | 3.76 | 3.70 | 3.64 | 3.59 |
EUR/USD | 1.3910 | 1.3842 | 1.3760 | 1.3693 | 1.3612 |
USD/JPY | 78.26 | 78.15 | 78.06 | 77.94 | 77.86 |
US Dollar Index | 77.83 | 77.47 | 77.23 | 76.87 | 76.63 |
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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