Monday, March 12, 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
- PepsiCo PEP Appoints Brian Cornell CEO, PepsiCo Americas Foods.
- Teleflex TFX Appoints Thomas E. Powell CFO, Reaffirms 2012 Guidance.
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 6 points.
- U.S. Dollar trades about 0.06% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.05%, Germany's DAX gained 0.18% and France's CAC 40 slid 0.11% on the session.
- Asian stocks ended the session mixed as well. China's Shanghai lost 0.20%, Japan's Nikkei 225 slid 0.40%, and Hong Kong's Hang Seng advanced 0.23%.
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley Upgrades Carbo Ceramics CRR from Underweight to Equal-weight, Raises PT from $105 to $125
- Bank of America Upgrades Orexigen Therapeutics OREX to Buy
To see more of today's upgrades, click here.
- Bank of America Downgrades Southwest Airlines LUV to Neutral
- Oppenheimer Downgrades China New Borun BORN from Outperform to Perform, Removes PT
To see more of today's downgrades, click here.
On the Economic Calendar
- Monthly Budget Statement is set to report at 2:00 p.m. ET
To see more economic news, click here
Earnings
- AirMedia AMCN Reports Q4 EPS $0.11 vs $0.07 Est; Revs $85M vs $78.2M Est
To see more earnings announcements, click here.
Corporate News
- PepsiCo PEP Appoints Brian Cornell CEO, PepsiCo Americas Foods.
- Teleflex TFX Appoints Thomas E. Powell CFO, Reaffirms 2012 Guidance.
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.40%
- Energy futures are trading lower, with crude oil posting early losses of about 0.99%
- Natural Gas futures are lower by about 2.45% and copper is trading lower by about 0.66%
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 | 1375 | 1371 | 1363 | 1359 | 1353 |
Gold | 1741 | 1727 | 1701 | 1688 | 1662 |
Crude | 109.32 | 108.37 | 107.25 | 106.28 | 105.18 |
Natural Gas | 2.36 | 2.34 | 2.30 | 2.27 | 2.23 |
EUR/USD | 1.3321 | 1.3221 | 1.3159 | 1.3069 | 1.2996 |
US Dollar Index | 80.62 | 80.32 | 79.79 | 79.49 | 78.97 |
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Posted In: EarningsNewsBondsGuidanceUpgradesDowngradesFuturesTechnicalsCommoditiesForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasGeneralAirlinesIndustrials
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