Courtesy of Benzinga.
Thursday, December 1, 2011
This is your Benzinga news summary and trader’s outlook covering headlines from overnight and today’s pre-market session.
• The NYSE trading area is nearly 2/3 the size of a football field.
Benzinga’s Top News
- Euro-zone manufacturing sector dropped in November. The index declined to 46.4 versus 47.1 in October and versus a 46.4 estimate.
- Talbots (NYSE: TLB) reports Q3 EPS $(0.22) vs $(0.16) Est; Revenues $279.50M vs $271.47M Est
- lululemon athletica (NASDAQ: LULU) reports Q3 EPS $0.27 vs $0.25 Est; Revenues $230.20M vs $235.94M Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher with Dow Futures up about 2 points.
- U.S. Dollar trades about 0.25% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain’s FTSE 100 added 0.5%, Germany’s DAX lost 0.4% and France’s CAC 40 slid 0.37% on the session.
- Asian stocks ended the session higher. China’s Shanghai added 2.28%, Japan’s Nikkei 225 gained 1.9% and Hong Kong’s Hang Seng Index jumped 5.6%.
To see more overseas news, click here.
Upgrades/Downgrades
- Pacific Crest upgrades HomeAway (NASDAQ: AWAY) to Outperform
- Barclays upgrades US Airways (NYSE: LCC) to Overweight
To see more of today’s upgrades, click here.
- Disclosure Insight downgrades Quicksilver Resources (NYSE: KWK) to High Risk
- Wunderlich downgrades Bank of the Ozarks (NASDAQ: OZRK) to Hold, Maintains $28 Target
To see more of today’s downgrades, click here.
On the Economic Calendar
- Initial and Continuing Jobless Claims is set to be reported at 8:30 a.m. ET
- ISM Manufacturing, Prices Paid and Construction Spending is due at 10:00 a.m.
- Vehicle and Retail sales will report throughout the day.
- Euro-zone manufacturing sector dropped in November. The index declined to 46.4 versus 47.1 in October and versus a 46.4 estimate.
To see more economic news, click here
Earnings
- Talbots (NYSE: TLB) reports Q3 EPS $(0.22) vs $(0.16) Est; Revenues $279.50M vs $271.47M Est
- lululemon athletica (NASDAQ: LULU) reports Q3 EPS $0.27 vs $0.25 Est; Revenues $230.20M vs $235.94M Est
- Movado Group (NYSE: MOV) reports Q3 EPS $0.52 vs $0.43 Est; Revenues $142.60M vs $133.40M Est
- Gildan Activewear (NYSE: GIL) reports Q4 EPS $0.42 vs $0.40 Est; Revenues $481.8M vs $497.83M Est
- Toronto-Dominion Bank (NYSE: TD) reports Q4 EPS $1.77 vs $1.55 Est; Revenues C$5.67B
To see more earnings announcements, click here.
Corporate News
- Western Refining (NYSE: WNR) announced that it has entered into agreements for the divestiture of its Yorktown, Virginia facilities and an underutilized segment of its crude oil pipeline in southeast New Mexico for $220 million.
- Costco Wholesale Corp (NASDAQ: COST) reported a 9% rise in its November same-store sales.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with silver posting gains of about 1.2%
- Energy futures are trading flat, with crude oil posting losses of about 0.05%
- Natural Gas futures are higher by about 1% and copper is trading lower by about 0.5%
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 Dow | 12421 | 12222 | 11836 | 11637 | 11251 |
| E-Mini S&P500 | 1288 | 1266 | 1224 | 1202 | 1161 |
| Gold | 1787 | 1770 | 1737 | 1720 | 1686 |
| Crude | 103.22 | 101.86 | 100.30 | 99.03 | 97.56 |
| Natural Gas | 3.68 | 3.62 | 3.58 | 3.52 | 3.48 |
| EUR/USD | 1.3685 | 1.3565 | 1.3411 | 1.3291 | 1.3138 |
| USD/JPY | 78.53 | 78.07 | 77.68 | 77.21 | 76.82 |
| US Dollar Index | 80.16 | 79.30 | 78.65 | 77.79 | 77.15 |
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