Courtesy of Benzinga.
Wednesday, July 18, 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
- Bank of America (NYSE: BAC) Reports Q2 EPS $0.19 vs $0.14 Est; Revenues $21.97B vs $22.87B Est
- Stanley Black and Decker(NYSE: SWK) Reports Q2 EPS $1.32 vs $1.52 Est; Revenues $2.81B vs $2.90B Est; Announces 20% Dividend Increase and 20M Share Repurchase Authorization
Domestic Pre-Market Trading
- U.S. Equity Markets trade down as Dow futures trade lower about 35 points.
- U.S. Dollar trades about 0.31% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain’s FTSE 100 added 0.05%, Germany’s DAX advanced 0.13% and France’s CAC 40 gained 0.58% on the session.
- Asian stocks ended the session mixed. China’s Shanghai added 0.37%, Japan’s Nikkei 225 slid 0.32%, and the Hong Kong’s Hang Seng Market fell 1.11%.
To see more overseas news, click here.
Upgrades/Downgrades
- Jefferies & Company Upgrades Oshkosh (NYSE: OSK) from Hold to Buy
To see more of today’s upgrades, click here.
- Wunderlich Securities Downgrades Tesla Motors (NASDAQ: TSLA) from Buy to Sell, Lowers PT from $49 to $28
To see more of today’s downgrades, click here.
On the Economic Calendar
- 08:30 ET – Housing Starts
- 08:30 – Building Permits
- 10:00 – Fed Chairman Bernanke Testifies
- 10:30 – Crude Oil Inventories
- 14:00 – Beige Book
To see more economic news, click here
Earnings
- Bank of America (NYSE: BAC) Reports Q2 EPS $0.19 vs $0.14 Est; Revenues $21.97B vs $22.87B Est
- Bank of New York (NYSE: BK) Reports Q2 EPS $0.57 vs $0.53 Est; Revenues $3.62B vs $3.62B Est
- Stanley Black and Decker(NYSE: SWK) Reports Q2 EPS $1.32 vs $1.52 Est; Revenues $2.81B vs $2.90B Est; Announces 20% Dividend Increase and 20M Share Repurchase Authorization
- Yesterday, Intel (NASDAQ: INTC) reported upbeat Q2 adjusted earnings. However, lowered its quarterly sales forecast.
To see more earnings announcements, click here.
Corporate News
- Check Point Software (NASDAQ: CHKP) Increases Share Repurchase Program to $1B
- AMAG Pharmaceuticals (NASDAQ: AMAG) Announces Positive Preliminary Results from its Phase III Study Evaluating Feraheme
- China BAK (NASDAQ: CBAK) Announces New Contract to Supply Cylindrical Battery Cells to AC Propulsion
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.79%
- Energy futures are trading lower, with crude oil posting early losses of about 0.59%
- Natural Gas futures are trading 0.07% lower and copper is trading down by about 0.30%
To see more commodities news, click here.
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