Tuesday, November 22, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
The first exchange traded fund, or ETF, was SPDR. It was cretaed in 1993 by State Street Global Advisors and tracks the S&P 500 stock index.
Market News and Data brought to you by Benzinga APIsBenzinga's Top News
- KKR KKR, Samson near $7B-plus deal for on-shore assets
- Hormel Foods HRL reports Q4 EPS $0.43 vs $0.42 Est; Revenues $2.1B vs $2.11B Est
- Medtronic MDT reports Q2 EPS $0.84 vs $0.82 Est; Revenues $4.13B vs $4.07B Est
- Campbell Soup CBP reports Q1 EPS $0.82 vs $0.79 Est; Revenues $2.16B vs $2.21B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher with Dow Futures up about 30 points.
- U.S. Dollar trades about 0.25% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.75%, Germany's DAX gained 0.76% and France's CAC 40 added 0.78% on the session.
- Asian stocks ended the session mixed. China's Shanghai fell 0.05%, Japan's Nikkei 225 lost 0.4% and Hong Kong's Hang Seng Index added 0.14%.
To see more overseas news, click here.
Upgrades/Downgrades
- Auriga upgrades Collective Brands PSS to Buy, $20 PT
- Goldman Sachs upgrades AutoNation AN to Neutral
To see more of today's upgrades, click here.
- Auriga downgrades Trina Solar (NYSE TSL) to Sell, PT lowered to $3.50
- Bank of America downgrades Dole Foods DOLE to Underperform, PO lowered to $9
To see more of today's downgrades, click here.
On the Economic Calendar
- GDP and Personal Consumption is to be reported at 8:30 a.m. ET.
- Richmond Fed Manufacturing Index is set to report at 10:00 a.m.
To see more economic news, click here
Earnings
- Hormel Foods HRL reports Q4 EPS $0.43 vs $0.42 Est; Revenues $2.1B vs $2.11B Est
- Medtronic MDT reports Q2 EPS $0.84 vs $0.82 Est; Revenues $4.13B vs $4.07B Est
- Campbell Soup CBP reports Q1 EPS $0.82 vs $0.79 Est; Revenues $2.16B vs $2.21B Est
- Chicos Fas CHS reports Q3 EPS $0.18 vs $0.20 Est; Revenues $538.50M vs $548.89M Est
- Patterson PDCO reports Q2 EPS $0.45 vs $0.46 Est; Revenues $856.90M vs $887.84M Est
- Cracker Barrel CBRL reports Q1 EPS $1.03 vs $1.05 Est; Revenues $598.40M vs $602.20M Est
To see more earnings announcements, click here.
Corporate News
- The recent struggles of A123 Systems AONE has investors and market participants asking a very important, and very valid question – Can the company survive?
- KKR, Samson near $7B-plus deal for on-shore assets
- Pfizer PFE will acquire Excaliard, a privately owned biopharmaceutical company. Specific financial terms are confidential.
- BioLineRx BLRX announced that it has received approval from the Indian regulatory authorities and the Indian local ethics committees to commence the Phase II/III CLARITY clinical trial of BL-1020.
- Shanda Interactive Entertainment SNDA announced the Parent Company will acquire Shanda for $20.675 per ordinary share or $41.35 per American Depositary Share, each representing two ordinary shares.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 1%
- Energy futures are trading higher, with crude oil posting gains of about 1.2%
- Natural Gas futures are higher by about 1% and copper is trading higher by about 1.5%
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 | 11863 | 11695 | 11550 | 11390 | 11253 |
E-Mini S&P500 | 1221 | 1206 | 1193 | 1178 | 1165 |
Gold | 1751 | 1714 | 1690 | 1654 | 1630 |
Crude | 98.90 | 98.05 | 96.61 | 95.70 | 94.32 |
Natural Gas | 3.53 | 3.47 | 3.37 | 3.31 | 3.22 |
EUR/USD | 1.3595 | 1.3540 | 1.3485 | 1.3431 | 1.3375 |
USD/JPY | 77.09 | 76.98 | 76.87 | 76.76 | 76.65 |
US Dollar Index | 78.97 | 78.72 | 78.46 | 78.21 | 77.94 |
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