Thursday, April 19, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- Spain and France Meet the Highest Targets in Respective Debt Auction; Hearing Chatter of a French Sovereign Downgrade
- Bank of America BAC Reports Q1 EPS $0.03 May Not Compare vs $0.12 Est; Revenues $22.28B vs $22.51B Est
- Morgan Stanley MS Reports Q1 EPS $0.71 Excluding DVA vs $0.45 Est; Revenues $8.9B Excluding DVA vs $7.33B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade up about 23 points.
- U.S. Dollar trades about 0.08% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.7%, Germany's DAX gained 0.54% and France's CAC 40 advanced 0.58% on the session.
- Asian stocks ended the session mixed. China's Shanghai fell 0.09%, Japan's Nikkei 225 slid 0.82%, and Hong Kong's Hang Seng gained 1.03%.
- Spain and France Meet the Highest Targets in Respective Debt Auction; Hearing Chatter of a French Sovereign Downgrade
To see more overseas news, click here.
Upgrades/Downgrades
- Wunderlich Securities Upgrades F5 Networks FFIV from Hold to Buy, Raises PT from $120 to $145
- The Benchmark Company Upgrades eBay EBAY from Hold to Buy, Raises PT from $37 to $45
To see more of today's upgrades, click here.
- Sterne Agee Downgrades Chesapeake Energy CHK from Buy to Neutral, Removes PT of $35
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET - Continuing Jobless Claims
- 08:30 - Initial Jobless Claims
- 10:00 - Philadelphia Fed Manufacturing Index
- 10:00 - CB Leading Index (MoM)
- 10:00 - Existing Home Sales
- 10:30 - Natural Gas Storage
To see more economic news, click here
Earnings
- Bank of America BAC Reports Q1 EPS $0.03 May Not Compare vs $0.12 Est; Revenues $22.28B vs $22.51B Est
- Morgan Stanley MS Reports Q1 EPS $0.71 Excluding DVA vs $0.45 Est; Revenues $8.9B Excluding DVA vs $7.33B Est
- Southwest Airlines LUV Reports Q1 EPS $-0.02 vs $-0.05 Est; Revenues $4B vs $4.01B Est
- Philip Morris PM Reports Q1 EPS $1.25 vs $1.19 Est; Revenues $7.4B vs $7.27B Est
- DuPont DD Reports Q1 EPS $1.61 vs $1.55 Est; Revenues $11.26B vs $11.24B Est
To see more earnings announcements, click here.
Corporate News
- Human Genome Sciences HGSI Announces Rejects Offer from GlaxoSmithKline GSK; HGS Board of Directors Authorizes Exploration of Strategic Alternatives
- CVR Energy CVI Enters Into Transaction Agreement With Carl Icahn; Permit Icahn To Complete Tender Offer For $30/Share Plus "Contingent Cash Payment"
- Gilead GILD Announces Early Sustained Virologic Response Rates for GS-7977
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.09%
- Energy futures are trading lower, with crude oil posting early losses of about 0.01%
- Natural Gas futures are trading 0.21% lower and copper is trading lower by about 0.34%
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 S&P 500 | 1389 | 1384 | 1380 | 1375 | 1372 |
Gold | 1662 | 1652 | 1645 | 1635 | 1628 |
Crude | 105.91 | 104.56 | 103.60 | 102.25 | 101.29 |
Natural Gas | 2.00 | 1.97 | 1.95 | 1.93 | 1.91 |
EUR/USD | 1.3183 | 1.3152 | 1.3105 | 1.3073 | 1.3026 |
US Dollar Index | 80.17 | 79.93 | 79.78 | 79.53 | 79.38 |
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