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Financial Breakfast: Morning News Summary for February 06, 2012

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Monday, February 6, 2012

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

In 1929 currency began to be made smaller by 25% and the pictures were standardized; faces on the front and emblems and monuments on the back.

Benzinga's Top News

  • Consolidated Communications (NASDAQ: CNSL) to Acquire SureWest Communications (NASDAQ: SURW) for $23 per Share
  • Humana (NYSE: HUM) Reports Q4 EPS $1.20 vs $1.21 Est; Revenues $9.06B vs $9.24B Est; Humana Guides 2012 EPS $7.50-7.70 vs $7.99 Est
  • Nielsen Holdings (NASDAQ: NLSN) Reports Q4 EPS $0.51 vs $0.49 Est; Revenues $1.42B vs $1.46B Est
  • Sohu (NASDAQ: SOHU) Reports Q4 EPS $1.36 vs $1.24 Est; Revenues $246M vs $243.75M Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 38 points.
  • U.S. Dollar trades about 0.55% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 slid 0.32%, Germany's DAX lost 0.51% and France's CAC 40 fell 1.06% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.05%, Japan's Nikkei 225 gained 1.1%, and Hong Kong's Hang Seng slid 0.23%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Bank of America Upgrades FedEx (NYSE: FDX) to Buy
  • Sterne Agee Upgrades Skechers (NYSE: SKX) to Neutral
To see more of today's upgrades, click here.

  • Morgan Stanley Downgrades Teva Pharmaceutical (NASDAQ: TEVA) to Equal-weight
  • Piper Jaffray Downgrades Regeneron Pharmaceuticals (NASDAQ: REGN) to Neutral
To see more of today's downgrades, click here.

On the Economic Calendar

  • No Major Economic Data Today
To see more economic news, click here

Earnings

  • Humana (NYSE: HUM) Reports Q4 EPS $1.20 vs $1.21 Est; Revenues $9.06B vs $9.24B Est; Humana Guides 2012 EPS $7.50-7.70 vs $7.99 Est
  • Nielsen Holdings (NASDAQ: NLSN) Reports Q4 EPS $0.51 vs $0.49 Est; Revenues $1.42B vs $1.46B Est
  • Sohu (NASDAQ: SOHU) Reports Q4 EPS $1.36 vs $1.24 Est; Revenues $246M vs $243.75M Est
  • Towers Watson (NYSE: TW) Reports Q2 EPS $1.35 vs $1.20 Est; Revenues $879.7M vs $845.81M Est
To see more earnings announcements, click here.

Corporate News

  • Consolidated Communications (NASDAQ: CNSL) to Acquire SureWest Communications (NASDAQ: SURW) for $23 per Share
  • BioLineRx (NASDAQ: BLRX) In-Licenses Second Oral Hepatitis C Treatment
To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting losses of about 1.06%
  • Energy futures are trading lower, with crude oil posting losses of about 0.97%
  • Natural Gas futures are higher by about 1.28% and copper is trading lower by about 1.05%
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 S&P 500 1355 1347 1333 1325 1312
Gold 1779 1754 1740 1714 1700
Crude 99.29 98.53 97.27 96.51 95.25
Natural Gas 2.60 2.55 2.50 2.45 2.40
EUR/USD 1.3282 1.3219 1.3142 1.3080 1.3002
US Dollar Index 79.77 79.41 79.10 78.72 78.43


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