Friday, December 9, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
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Market News and Data brought to you by Benzinga APIsBenzinga's Top News
- Blue Coat Systems BCSI announced that it has entered into a definitive agreement to be acquired by a private equity investment firm Thoma Bravo, in a transaction valued at approximately $1.3 billion or $25.81/share.
- Chinese industrial production for November surged 12.4% y/y, below economists' estimates and versus October's 13.2% rise.
- Toyota Motor Corp TM lowered its net profit forecast by 54% for this fiscal year.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade about 100 points higher.
- U.S. Dollar trades about 0.43% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.8%, Germany's DAX gained 1.6% and France's CAC 40 added 1.8% on the session.
- Asian stocks ended the session lower. China's Shanghai lost 0.62%, Japan's Nikkei 225 slid 1.5% and Hong Kong's Hang Seng Index lost 2.7%.
To see more overseas news, click here.
Upgrades/Downgrades
- Credit Suisse upgrades Pepco Holdings POM to Outperform
To see more of today's upgrades, click here.
- Piper Jaffray downgrades Exact Sciences EXAS to Neutral, Lowers PT to $8
- Susquehanna downgrades Costco COST to Negative from Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- Chinese industrial production for November surged 12.4% y/y, below economists' estimates and versus October's 13.2% rise.
- U.S. Trade Balance is due at 8:30 a.m. ET
- University of Michigan Confidence Index is set to report at 9:55 a.m.
To see more economic news, click here
Earnings
- Titan Machinery Reports Q3 EPS $0.61 vs $0.50 Est; Revenues $423M vs $383.90M Est
To see more earnings announcements, click here.
Corporate News
- Panasonic PC announced that it will expand its smartphone business to the European market in March 2012.
- Blue Coat Systems BCSI announced that it has entered into a definitive agreement to be acquired by a private equity investment firm Thoma Bravo, in a transaction valued at approximately $1.3 billion or $25.81/share.
- Toyota Motor Corp TM lowered its net profit forecast by 54% for this fiscal year.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.62%
- Energy futures are trading higher, with crude oil posting gains of about 0.52%
- Natural Gas futures are lower by about 1% and copper is trading higher by about 1.4%
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 | 12355 | 12149 | 12019 | 11813 | 11683 |
E-Mini S&P 500 | 1281 | 1255 | 1240 | 1214 | 1198 |
Gold | 1778 | 1744 | 1725 | 1691 | 1673 |
Crude | 103.16 | 100.58 | 99.14 | 96.56 | 95.12 |
Natural Gas | 3.60 | 3.52 | 3.46 | 3.38 | 3.32 |
EUR/USD | 1.3532 | 1.3436 | 1.3362 | 1.3265 | 1.3191 |
USD/JPY | 78.17 | 77.90 | 77.51 | 77.23 | 76.84 |
US Dollar Index | 79.66 | 79.29 | 78.72 | 78.35 | 77.78 |
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