Courtesy of Benzinga.
Monday, March 5, 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
- US Airways (NYSE: LCC) Reports Record February Load Factor; Feb Capacity Up 7%.
- Covidien (NYSE: COV) Revascularization Device Receives FDA Clearance.
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 37 points.
- U.S. Dollar trades about 0.07% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain’s FTSE 100 lost 0.47%, Germany’s DAX slid 1.1% and France’s CAC 40 fell 0.72% on the session.
- Asian stocks ended the session lower as well. China’s Shanghai slid 0.6%, Japan’s Nikkei 225 fell 0.8%, and Hong Kong’s Hang Seng dropped 1.38%.
To see more overseas news, click here.
Upgrades/Downgrades
- JP Morgan Upgrades Sonoco Products (NYSE: SON) to Overweight
- JP Morgan Upgrades Greif (NYSE: GEF) to Overweight
To see more of today’s upgrades, click here.
- JP Morgan Downgrades Zynga (NASDAQ: ZNGA) to Neutral
- Citigroup Downgrades CF Industries (NYSE: CF) Holdings to Neutral
To see more of today’s downgrades, click here.
On the Economic Calendar
- ISM Non-Manufacturing Index and Factory Orders are set to report at 10:00 a.m. ET
To see more economic news, click here
Earnings
- No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Aegerion Pharmaceuticals (NASDAQ: AEGR) Submits Marketing Applications for Lomitapide in U.S. and EU.
- US Airways (NYSE: LCC) Reports Record February Load Factor; Feb Capacity Up 7%.
- Covidien (NYSE: COV) Revascularization Device Receives FDA Clearance.
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.77%
- Energy futures are trading lower, with crude oil posting early losses of about 0.52%
- Natural Gas futures are lower by about 2.9% and copper is trading lower by about 0.83%
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 | 1378 | 1373 | 1369 | 1364 | 1359 |
| Gold | 1729 | 1721 | 1713 | 1704 | 1696 |
| Crude | 109.85 | 108.17 | 106.99 | 105.31 | 104.13 |
| Natural Gas | 2.52 | 2.49 | 2.47 | 2.45 | 2.43 |
| EUR/USD | 1.3350 | 1.3273 | 1.3230 | 1.3153 | 1.3109 |
| US Dollar Index | 79.89 | 79.68 | 79.30 | 79.09 | 78.71 |
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