Tuesday, March 27, 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
- McCormick MKC Reports Q1 EPS $0.55 vs $0.53 Est; Revenues $906.7M vs $869.81M Est
- MAP Pharmaceuticals MAPP Falls 35% Pre-Market on FDA Complete Response Letter for LEVADEX
- OTI OTIV Files Patent Infringement Suit Against T-Mobile
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 3 points.
- U.S. Dollar trades about 0.09% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.01%, Germany's DAX gained 0.64% and France's CAC 40 advanced 0.2% on the session.
- Asian stocks ended the session mixed. China's Shanghai slid 0.12%, Japan's Nikkei 225 advanced 2.36%, and Hong Kong's Hang Seng gained 1.83%.
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley Upgrades Vale VALE from Equal-weight to Overweight, Raises PT from $29.2 to $29.6
- Sterne Agee Upgrades Hatteras Financial HTS from Neutral to Buy, Announces PT of $29
To see more of today's upgrades, click here.
- Deutsche Bank Downgrades Buffalo Wild Wings BWLD from Buy to Hold, Raises PT from $85 to $100
- Credit Suisse Downgrades Apollo Group APOL from Outperform to Neutral, Lowers PT from $60 to $40
To see more of today's downgrades, click here.
On the Economic Calendar
- 09:00 a.m. ET - S&P/CS Home Price Indices Composite
- 10:00 - Richmond Manufacturing Index
- 10:00 - CB Consumer Confidence
- 12:30 - 4-Week Bill Auction
- 12:45 - Fed Chairman Bernanke Speaks
- 13:20 - FOMC Member Fisher Speaks
- 14:00 - 2-Year Note Auction
To see more economic news, click here
Earnings
- McCormick MKC Reports Q1 EPS $0.55 vs $0.53 Est; Revenues $906.7M vs $869.81M Est
- Charming Shoppes CHRS Reports Q1 EPS $-0.06 vs $-0.02 Est; Revenues $559.1M vs $542.27M Es
To see more earnings announcements, click here.
Corporate News
- MAP Pharmaceuticals MAPP Falls 35% Pre-Market on FDA Complete Response Letter for LEVADEX
- OTI OTIV Files Patent Infringement Suit Against T-Mobile
- Wabash National WNC Will Buy Walker Group for $360M
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.3%
- Energy futures are trading higher, with crude oil posting early gains of about 0.17%
- Natural Gas futures are lower by about 0.04% and copper is trading lower by about 0.42%
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 | 1430 | 1423 | 1407 | 1400 | 1384 |
Gold | 1717 | 1703 | 1679 | 1665 | 1640 |
Crude | 108.00 | 107.54 | 106.87 | 106.41 | 105.74 |
Natural Gas | 2.35 | 2.28 | 2.25 | 2.18 | 2.14 |
EUR/USD | 1.3476 | 1.3416 | 1.3307 | 1.3247 | 1.3138 |
US Dollar Index | 80.24 | 79.66 | 79.36 | 78.78 | 78.48 |
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