Courtesy of Benzinga.
Monday, April 9, 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
- AOL (NYSE: AOL) and Microsoft (NASDAQ: MSFT) Announce $1.056B Patent Deal
- Sony (NYSE: SNE) To Lower 10,000 Jobs
- Chinese CPI Rose 3.6%, more than the Expected 3.3%, which Makes it More Difficult for Further Easing in China
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 115 points.
- U.S. Dollar trades about 0.22% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain’s FTSE 100 added 0.35%, Germany’s DAX fell 0.13% and France’s CAC 40 gained 0.19% on the session.
- Asian stocks ended the session lower. China’s Shanghai fell 0.92%, Japan’s Nikkei 225 slid 1.47%, and Hong Kong’s Hang Seng dropped 0.95%.
- Chinese CPI Rose 3.6%, more than the Expected 3.3%, which Makes it More Difficult for Further Easing in China
To see more overseas news, click here.
Upgrades/Downgrades
- Guggenheim Upgrades Helmerich Payne (NYSE: HP) from Neutral to Buy, Raises PT from $65 to $70
- The Benchmark Company Upgrades True Religion Apparel (NASDAQ: TRLG) from Neutral to Buy, Announces PT of $3
To see more of today’s upgrades, click here.
- Citigroup Downgrades Walt Disney (NYSE: DIS) from Buy to Neutral, Lowers PT from $44 to $4
- BTIG Downgrades Apple (NASDAQ: AAPL) from Buy to Neutral, Removes PT of $600
To see more of today’s downgrades, click here.
On the Economic Calendar
- 11:30 a.m. ET – 6-Month Bill Auction
- 11:30 – 3-Month Bill Auction
- 19:15 – Fed Chairman Bernanke Speaks
To see more economic news, click here
Earnings
- Regis (NYSE: RGS) Reports Third Quarter Revenues of $574 Million vs $568M Est
- Optimer Pharmaceuticals (NASDAQ: OPTR) Appoints New chairman; Sees Q1
Revenues $16.45M vs $29.44M Est
To see more earnings announcements, click here.
Corporate News
- AOL (NYSE: AOL) and Microsoft (NASDAQ: MSFT) Announce $1.056B Patent Deal
- Sony (NYSE: SNE) To Lower 10,000 Jobs
- Avon (NYSE: AVP) Board of Directors Announces Appointment of Sherilyn McCoy as CEO of Avon
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.82%
- Energy futures are trading lower, with crude oil posting early losses of about 1.4%
- Natural Gas futures are lower by about 1% and copper is trading lower by about 1.37%
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 | 1403 | 1389 | 1380 | 1366 | 1357 |
| Gold | 1642 | 1637 | 1629 | 1623 | 1615 |
| Crude | 104.70 | 103.98 | 102.67 | 101.85 | 100.64 |
| Natural Gas | 2.18 | 2.14 | 2.11 | 2.06 | 2.03 |
| EUR/USD | 1.3145 | 1.3120 | 1.3085 | 1.3060 | 1.3025 |
| US Dollar Index | 80.58 | 80.34 | 80.15 | 79.90 | 79.70 |
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