Courtesy of Benzinga.
Tuesday, May 8, 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
- OfficeMax (NYSE: OMX) Reports Q1 EPS $0.23 vs $0.16 Est; Revenues $1.87B vs $1.87B Est
- Wendys/Arbys Group (NYSE: WEN) Reports Q1 EPS $0.01 vs $0.03 Est; Revenues $593.2M vs $608.42M Est
- FactSet Research Systems (NYSE: FDS) Raises Dividend by 15% to $0.31
- U.S. Equity Markets trade lower as Dow futures trade down about 69 points.
- U.S. Dollar trades about 0.15% higher.
- European markets are lower in afternoon trading. Britain’s FTSE 100 slid 0.31%, Germany’s DAX fell 0.95% and France’s CAC 40 dropped 1.8% on the session.
- Asian stocks ended the session mixed. China’s Shanghai slid 0.13%, Japan’s Nikkei 225 added 0.69%, and Hong Kong’s Hang Seng dropped 0.25%.
- Deutsche Bank Upgrades Louisiana-Pacific (NYSE: LPX) from Hold to Buy, Raises PT from $10 to $12
- Morgan Stanley Upgrades Vertex Pharmaceuticals (NASDAQ: VRTX) from Underweight to Equal-weight, Raises PT from $28 to $51
- Bank of America Downgrades FX Alliance (NYSE: FX) from Neutral to Underperform, Maintains PO at $17
- Bank of America Downgrades Aecom Technology (NYSE: ACM) from Buy to Underperform, Lowers PO from $35 to $20
- 07:30 a.m. ET – NFIB Small Business Optimism
- 08:55 – Redbook (MoM)
- 10:00 – IBD/TIPP Economic Optimism
- 11:30 – 4-Week Bill Auction
- 11:45 – FOMC Member Fisher Speaks
- 13:00 – 3-Year Note Auction
- OfficeMax (NYSE: OMX) Reports Q1 EPS $0.23 vs $0.16 Est; Revenues $1.87B vs $1.87B Est
- Wendys/Arbys Group (NYSE: WEN) Reports Q1 EPS $0.01 vs $0.03 Est; Revenues $593.2M vs $608.42M Est
- Henry Schein (NASDAQ: HSIC) Reports Q1 EPS $0.98 vs $0.91 Est; Revenues $2.1B vs $2.03B Est
- Fossil (NASDAQ: FOSL) Reports Q1 EPS $0.93 vs $0.92 Est; Revenues $589.5M vs $617.64M EstEst
- FactSet Research Systems (NYSE: FDS) Raises Dividend by 15% to $0.31
- Precious metals are trading lower, with gold posting early losses of about 0.60%
- Energy futures are trading lower, with crude oil posting early losses of about 0.84%
- Natural Gas futures are trading 0.47% lower and copper is trading lower by about 1.82%
Domestic Pre-Market Trading
Overseas Trading
Upgrades/Downgrades
On the Economic Calendar
Earnings
Corporate News
Commodities
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 | 1384 | 1375 | 1361 | 1351 | 1337 |
Gold | 1648 | 1643 | 1637 | 1632 | 1627 |
Crude | 99.31 | 98.64 | 97.53 | 96.86 | 95.75 |
Natural Gas | 2.38 | 2.34 | 2.32 | 2.28 | 2.25 |
EUR/USD | 1.3117 | 1.3083 | 1.3030 | 1.2995 | 1.2942 |
US Dollar Index | 80.20 | 79.94 | 79.79 | 79.52 | 79.36 |
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