Financial Breakfast: Morning News Summary for March 6, 2012

Tuesday, March 6, 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

  • AmerisourceBergen ABC to Acquire World Courier Group for $520M.
  • CONSOL Energy CNL Temporarily Idles Longwall Mining at Buchanan Mine.
  • Stage Stores SSI Reports Q1 EPS $1.05 vs $1.07 Est; Revenues $479.1M vs $468.18M Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 95 points.
  • U.S. Dollar trades about 0.51% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 1.08%, Germany's DAX slid 1.5% and France's CAC 40 fell 1.65% on the session.
  • Asian stocks ended the session lower as well. China's Shanghai slid 1.38%, Japan's Nikkei 225 fell 0.63%, and Hong Kong's Hang Seng dropped 2.16%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Jefferies Upgrades Worthington Industries WOR to Buy
  • Credit Suisse Upgrades LifePoint Hospitals LPNT to Neutral
To see more of today's upgrades, click here.

  • JP Morgan Downgrades Novartis AG NVS from Overweight to Neutral
  • Bank of America Downgrades NTT DoCoMo DCM from Buy to Neutral
To see more of today's downgrades, click here.

On the Economic Calendar

    No Major Economic Events this Morning
To see more economic news, click here

Earnings

  • Stage Stores SSI Reports Q1 EPS $1.05 vs $1.07 Est; Revenues $479.1M vs $468.18M Est
To see more earnings announcements, click here.

Corporate News

  • AmerisourceBergen ABC to Acquire World Courier Group for $520M.
  • CONSOL Energy CNL Temporarily Idles Longwall Mining at Buchanan Mine.
  • KKR KKR and Chesapeake Energy CHK Form Partnership to Invest in Mineral Interests and Overriding Royalty Interests
To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting early losses of about 0.92%
  • Energy futures are trading lower, with crude oil posting early losses of about 0.63%
  • Natural Gas futures are higher by about 0.25% and copper is trading lower by about 1.83%
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 1372 1368 1363 1359 1353
Gold 1724 1715 1705 1696 1686
Crude 108.60 107.86 106.68 105.94 104.76
Natural Gas 2.47 2.41 2.38 2.32 2.29
EUR/USD 1.3286 1.3251 1.3205 1.3170 1.3124
US Dollar Index 79.80 79.59 79.44 79.24 79.08


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Posted In: EarningsNewsBondsGuidanceUpgradesDowngradesFuturesTechnicalsCommoditiesContractsForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneralHealth CareHealth Care Facilities
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