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Financial Breakfast: Morning News Summary for November 18, 2011

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Friday, November 18, 2011

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

The first stock ticker was invented by Edward A. Calahan in 1867.

Benzinga's Top News

  • HJ Heinz (NYSE: HNZ) Reports Q2 EPS $ 0.81 vs $0.80 Est; Revenues $2.83B vs $2.91B Est.
  • Heinz Sees Charges for Manufacturing, Productivity Actions; Sees FY2011 EPS $3.24-3.32 vs $3.34 Est.
  • Yesterday, Hewlett Packard (NYSE: HPQ) appointed Relational's Whitworth to Board of Directors; Relational investors take 1% stake In HP

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher with Dow Futures up about 60 points.
  • U.S. Dollar trades about 0.75% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.78%, Germany's DAX slid 0.7% and France's CAC 40 fell 0.22% on the session.
  • Asian stocks ended the session lower as well. China's Shanghai fell 1.9%, Japan's Nikkei 225 lost 1.2% and Hong Kong's Hang Seng Index slid 1.7%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Sterne Agee upgrades Hewlett-Packard (NYSE: HPQ) to Buy, $34 PT.
  • Credit Suisse upgrades Smithfield Foods (NYSE: SFD) to Outperform, PT raised to $29.
To see more of today's upgrades, click here.

  • Bank of America downgrades Transdigm (NYSE: TDG) to Neutral, PO lowered to $98.
  • Citigroup downgrades Lennar (NYSE: LEN) to Neutral, $20 PT.
To see more of today's downgrades, click here.

On the Economic Calendar

  • Leading Economic Indicators are set to report at 10:00 a.m. ET.
To see more economic news, click here

Earnings

  • HJ Heinz (NYSE: HNZ) Reports Q2 EPS $ 0.81 vs $0.80 Est; Revenues $2.83B vs $2.91B Est.
  • Heinz Sees Charges for Manufacturing, Productivity Actions; Sees FY2011 EPS $3.24-3.32 vs $3.34 Est.
  • Sirona Dental Systems (NASDAQ: SIRO) Reports Q4 EPS $0.68 vs $0.62 Est; Revenues $218.8M vs $213.96M Est
To see more earnings announcements, click here.

Corporate News

  • Hewlett Packard (NYSE: HPQ) appointed Relational's Whitworth to Board of Directors; Relational investors take 1% stake In HP
  • China Infrastructure Investment Corporation (NASDAQ: CIIC) reported that the Nasdaq Hearings Panel has denied the Company's request for continued listing on Nasdaq.
To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting gains of about 0.61%
  • Energy futures are trading higher, with crude oil posting gains of about 0.79%
  • Natural Gas futures are higher by about 0.15% and copper is trading higher by about 1.1%
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 Dow 12061 11902 11773 11614 11485
E-Mini S&P500 1256 1235 1221 1200 1185
Gold 1789 1755 1733 1698 1676
Crude 105.16 101.91 100.43 96.88 95.10
Natural Gas 3.56 3.50 3.42 3.36 3.28
EUR/USD 1.3578 1.3518 1.3477 1.3415 1.3374
USD/JPY 77.09 77.03 76.97 76.90 76.84
US Dollar Index 78.92 78.71 78.42 78.21 77.92

 

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