Courtesy of Benzinga.
Thursday, March 1, 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
- Roche’s (OTC: RHHBY) Ventana Receives FDA Approval of INFORM HER2 Dual ISH Assay on the BenchMark ULTRA
- Limited Brands (NYSE: LTD) February Comparable Store Sales up 8%.
- Toronto-Dominion Bank (NYSE: TD) Reports Q4 EPS $1.86 vs $1.73 Est; Revenues $5.64B vs $5.64B Est
- Nash-Finch (NASDAQ: NAFC) Reports Q4 EPS $0.97 vs $0.82 Est; Revenues $1.14B vs $1.11B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 38 points.
- U.S. Dollar trades about 0.02% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain’s FTSE 100 added 0.64%, Germany’s DAX advanced 0.69% and France’s CAC 40 advanced 0.74% on the session.
- Asian stocks ended the session lower. China’s Shanghai lost 0.04%, Japan’s Nikkei 225 slid 0.16%, and Hong Kong’s Hang Seng fell 1.35%.
To see more overseas news, click here.
Upgrades/Downgrades
- Sterne Agee Upgrades Denbury Resources (NYSE: DNR) to Neutral
- Deutsche Bank Upgrades LHC Group (NYSE: LHC) to Buy
To see more of today’s upgrades, click here.
- JP Morgan Downgrades Spreadtrum Communications (NASDAQ: SPRD) from Overweight to Neutral, Lowers PT from $30 to $15
- Morgan Stanley Downgrades ADTRAN (NASDAQ: ADTN) to Equal-Weight
To see more of today’s downgrades, click here.
On the Economic Calendar
- Personal Income, Personal Spending, Initial & Continuing Jobless Claims are set to report at 8:30 a.m. ET
- ISM Manufacturing and Construction Spending is due at 10:00 a.m.
To see more economic news, click here
Earnings
- Toronto-Dominion Bank (NYSE: TD) Reports Q4 EPS $1.86 vs $1.73 Est; Revenues $5.64B vs $5.64B Est
- Nash-Finch (NASDAQ: NAFC) Reports Q4 EPS $0.97 vs $0.82 Est; Revenues $1.14B vs $1.11B Est
To see more earnings announcements, click here.
Corporate News
- Roche’s (OTC: RHHBY) Ventana Receives FDA Approval of INFORM HER2 Dual ISH Assay on the BenchMark ULTRA
- Limited Brands (NYSE: LTD) February Comparable Store Sales up 8%.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.19%
- Energy futures are trading higher, with crude oil posting early gains of about 0.18%
- Natural Gas futures are lower by about 2.83% and copper is trading higher by about 0.28%
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 | 1386 | 1374 | 1365 | 1353 | 1345 |
| Gold | 1830 | 1764 | 1726 | 1660 | 1622 |
| Crude | 108.98 | 107.95 | 106.39 | 105.36 | 103.80 |
| Natural Gas | 2.68 | 2.63 | 2.57 | 2.52 | 2.45 |
| EUR/USD | 1.3537 | 1.3430 | 1.3372 | 1.3265 | 1.3207 |
| US Dollar Index | 79.44 | 79.15 | 78.63 | 78.34 | 77.82 |
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