Courtesy of Benzinga.
Thursday, March 29, 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 Increases Offer Price For Illumina (NASDAQ: ILMN) Shares To $ 51.00 Per Share
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade lower about 35 points.
- U.S. Dollar trades about 0.15% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain’s FTSE 100 fell 0.85%, Germany’s DAX slid 1.17% and France’s CAC 40 dropped 1.08% on the session.
- Asian stocks ended the session lower as well. China’s Shanghai slid 1.43%, Japan’s Nikkei 225 fell 0.67%, and Hong Kong’s Hang Seng dropped 1.32%.
To see more overseas news, click here.
Upgrades/Downgrades
- Citigroup Upgrades Delphi Automotive (NASDAQ: DLPH) from Neutral to Buy, Raises PT from $25 to $36
- Credit Suisse Upgrades Delek US Holdings (NYSE: DK) from Neutral to Outperform, Raises PT from $18.5 to $20.5
To see more of today’s upgrades, click here.
- Credit Suisse Downgrades HollyFrontier (NYSE: HFC) from Outperform to Neutral, Lowers PT from $41 to $40
- Auriga Downgrades Allscripts-Misys Healthcare Solution (NASDAQ: MDRX) from Buy to Hold, Lowers PT from $25 to $19
To see more of today’s downgrades, click here.
On the Economic Calendar
- 08:30 a.m. ET – GDP (QoQ)
- 08:30 – Continuing Jobless Claims
- 08:30 – Initial Jobless Claims
- 09:00 – 7-Year Note Auction
- 10:30 – Natural Gas Storage
- 11:00 – KC Fed Manufacturing
- 12:45 – Fed Chairman Bernanke Speaks
To see more economic news, click here
Earnings
- SORL Auto Parts (NASDAQ: SORL) Reports Q4 EPS $0.17 vs $0.21 Est; Revenues
$56.1M vs $54.48M Est
To see more earnings announcements, click here.
Corporate News
- Roche Increases Offer Price For Illumina (NASDAQ: ILMN) Shares To $ 51.00 Per Share
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.12%
- Energy futures are trading lower, with crude oil posting early losses of about 0.60%
- Natural Gas futures are lower by about 0.79% and copper is trading lower by about 0.53%
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 | 1421 | 1410 | 1401 | 1390 | 1381 |
| Gold | 1700 | 1681 | 1669 | 1650 | 1638 |
| Crude | 107.78 | 106.67 | 105.67 | 104.56 | 103.56 |
| Natural Gas | 2.38 | 2.32 | 2.25 | 2.19 | 2.12 |
| EUR/USD | 1.3417 | 1.3366 | 1.3321 | 1.3270 | 1.3225 |
| US Dollar Index | 79.76 | 79.54 | 79.29 | 79.07 | 78.83 |
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