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Financial Breakfast: Morning News Summary for December 15, 2011

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Thursday, December 15, 2011

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

1993 - The year the first ETF was introduced tracking the S&P 500

Benzinga's Top News

  • FedEx Reports Q2 EPS $1.57 vs $1.52 Est; Revenues $10.59B vs $10.58B Est
  • Diamond Foods (NASDAQ: DMND) receives formal investigation from the SEC
  • Fujifilm Holdings Corp (OTC: FUJIY) announced its plans to buy SonoSite (NASDAQ: SONO) for around $995 million.

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 70 points.
  • U.S. Dollar trades about 0.28% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.55%, Germany's DAX gained 0.8% and France's CAC 40 added 0.52% on the session.
  • Asian stocks ended the session lower. China's Shanghai lost 2.1%, Japan's Nikkei 225 slid 1.66% and Hong Kong's Hang Seng Index fell 1.8%.
  • Venezuela says OPEC has agreed on 30 million barrels per day ceiling
To see more overseas news, click here.

Upgrades/Downgrades

  • Deutsche Bank upgrades Skyworks (NASDAQ: SWKS) to Buy
  • BMO Capital Markets upgrades MeadWestvaco (NYSE: MWV) to Outperform
To see more of today's upgrades, click here.

  • Morgan Stanley downgrades Sociedad Quimica (NYSE: SQM) to Underweight
  • Roth Capital downgrades BioSante Pharmaceuticals (NASDAQ: BPAX) to Neutral
To see more of today's downgrades, click here.

On the Economic Calendar

  • The Producer Price Index, Current Account Balance, Empire Manufacturing, Initial and Continuing Jobless Claims are all set to report at 8:30 a.m. ET
  • TIC Flows are due at 9:00 a.m.
  • Industrial Production and Capacity Utilization is to report at 9:15 a.m.
  • Philadelphia Fed Index is due at 10:00 a.m.
To see more economic news, click here

Earnings

  • FedEx Reports Q2 EPS $1.57 vs $1.52 Est; Revenues $10.59B vs $10.58B Est
  • Schiff Nutrition International (NYSE: WNI) reports Q2 EPS $0.08 vs $0.12 Est; Revenues $61M vs $57.90M Est
  • Winnebago Industries (NYSE: WGO) eports Q1 EPS $0.04 vs $0.06 Est; Revenues $131.8M vs $133.35M Est
  • Rite Aid (NYSE: RAD) reports Q3 EPS $(0.06) vs $(0.11) Est; Revenues $6.31B vs $6.29B Est
  • Pier 1 Imports (NYSE PIR) reports Q3 EPS $0.21 vs $0.21 Est; Revenues $382.7M vs $379.07M Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting gains of about 0.4%
  • 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 0.21%
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 12036 11898 11807 11669 11578
E-Mini S&P 500 1235 1221 1211 1197 1187
Gold 1676 1627 1597 1548 1517
Crude 102.24 98.53 96.37 92.66 90.50
Natural Gas 3.31 3.22 3.17 3.08 3.03
EUR/USD 1.3115 1.3048 1.3000 1.2930 1.2878
USD/JPY 78.27 78.17 78.04 77.93 77.81
US Dollar Index 81.77 81.50 81.14 80.86 80.50


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