Wednesday, June 13, 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
- Philip Morris PM Announces New Three-Year Share Repurchase Program of $18 Billion
- Yesterday, ScottsMiracle-Gro SMG Cuts 2012 EPS Guidance
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 21 points.
- U.S. Dollar trades about 0.12% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 declined 0.05%, Germany's DAX slid 0.46% and France's CAC 40 fell 0.29% on the session.
- Asian stocks ended the session higher. China's Shanghai added 1.30%, Japan's Nikkei 225 advanced 0.60%, and Hong Kong's Hang Seng gained 0.82%.
To see more overseas news, click here.
Upgrades/Downgrades
- Jefferies & Company Upgrades Johnson & Johnson JNJ from Hold to Buy, Raises PT from $68 to $72
To see more of today's upgrades, click here.
- Goldman Sachs Downgrades McDonald's MCD from Buy to Neutral, Lowers PT from $100 to $92
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET - Retail Sales
- 08:30 - PPI
- 10:00 - Business Inventories
- 10:30 - Crude Oil Inventories
- 13:00 - 10-Year Note Auction
To see more economic news, click here
Earnings
- Yesterday, Casey's General CASY Reports Q4 EPS $0.60 vs $0.67 Est; Revs $1.75B vs $1.74B Est
To see more earnings announcements, click here.
Corporate News
- Philip Morris PM Announces New Three-Year Share Repurchase Program of $18 Billion
- NetSpend Holdings NTSP Announces $75M Share Repurchase Program
- Yesterday, ScottsMiracle-Gro SMG Cuts 2012 EPS Guidance
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.20%
- Energy futures are trading lower, with crude oil posting early losses of about 0.31%
- Natural Gas futures are trading 1.52% lower and copper is trading higher by about 0.43%
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 | 1334 | 1327 | 1313 | 1306 | 1291 |
Gold | 1637 | 1624 | 1605 | 1591 | 1572 |
Crude | 85.20 | 84.33 | 82.01 | 81.97 | 80.48 |
Natural Gas | 2.32 | 2.26 | 2.22 | 2.17 | 2.12 |
EUR/USD | 1.2577 | 1.2539 | 1.2490 | 1.2453 | 1.2404 |
US Dollar Index | 83.35 | 83.10 | 82.94 | 82.69 | 82.54 |
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