Friday, December 16, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• 89% - The amount wiped off stocks between 1929-1932, during the great depression.
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Market News and Data brought to you by Benzinga APIsBenzinga's Top News
- United Rentals URI to acquire RSC Holdings RRR at $18/share or Total Enterprise Value of $4.2B
- Zynga ZNGA Prices 100M-share Initial Public Offering at $10/share
- Darden Restaurants DRI reports Q2 EPS $0.41 vs $0.48 Est; Revenues $1.83B vs $1.83B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 55 points.
- U.S. Dollar trades about 0.25% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 added 0.4%, Germany's DAX lost 0.28% and France's CAC 40 slid 0.19% on the session.
- Asian stocks ended the session higher. China's Shanghai added 2%, Japan's Nikkei 225 gained 0.3% and Hong Kong's Hang Seng Index added 1.4%.
To see more overseas news, click here.
Upgrades/Downgrades
- JP Morgan upgrades Thomson Creek Metals TC to Overweight
- Oppenheimer upgrades Athenahealth ATHN to Perform
To see more of today's upgrades, click here.
- Bank of America downgrades SAP AG SAP to Neutral
- ISI Group downgrades Cablevision Systems CVC to Hold
To see more of today's downgrades, click here.
On the Economic Calendar
- The Consumer Price Index is set to report at 8:30 a.m. ET
To see more economic news, click here
Earnings
- Darden Restaurants DRI reports Q2 EPS $0.41 vs $0.48 Est; Revenues $1.83B vs $1.83B Est
To see more earnings announcements, click here.
Corporate News
- United Rentals URI to acquire RSC Holdings RRR at $18/share or Total Enterprise Value of $4.2B
- Zynga ZNGA Prices 100M-share Initial Public Offering at $10/share
- Fertitta signs agreement to acquire Morton's Restaurant MRT for $6.90 per share
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 1.2%
- Energy futures are trading higher, with crude oil posting gains of about 0.5%
- Natural Gas futures are higher by about 0.16% and copper is trading higher by about 1.8%
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 | 11993 | 11907 | 11812 | 11726 | 11631 |
E-Mini S&P 500 | 1231 | 1221 | 1210 | 1201 | 1190 |
Gold | 1611 | 1592 | 1577 | 1558 | 1543 |
Crude | 96.92 | 95.18 | 94.24 | 92.50 | 91.56 |
Natural Gas | 3.24 | 3.19 | 3.14 | 3.08 | 3.04 |
EUR/USD | 1.3099 | 1.3056 | 1.3007 | 1.2964 | 1.2915 |
USD/JPY | 78.25 | 78.05 | 77.94 | 77.68 | 77.52 |
US Dollar Index | 81.56 | 81.26 | 81.01 | 80.71 | 80.47 |
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Posted In: EarningsNewsUpgradesDowngradesFuturesTechnicalsCommoditiesForexM&AEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneral
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