Financial Breakfast: Morning News Summary for June 20, 2012
Wednesday, June 20, 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
- Quest Software (NASDAQ: QSFT) Has Received Increased Bid to $25.75/Share from $23 Previously
- Yesterday, Adobe Systems (NASDAQ: ADBE) Reports Q2 EPS $$0.60 vs $0.59 Est; Revenues $1.12B vs $1.11B Est; Guides Q3 EPS $0.56-0.61 vs $0.61 Est, Guides Q3 Revenue $1.075-1.125B vs $1.13B Est
- Procter & Gamble (NYSE: PG) Lowers Quarterly EPS Guidance from $0.79-0.85 to $0.75-0.79
Domestic Pre-Market Trading
- U.S. Equity Markets trade up as Dow futures trade higher about 6 points.
- U.S. Dollar trades about 0.03% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 gained 0.47%, Germany's DAX advanced 0.14% and France's CAC 40 slid 0.16% on the session.
- Asian stocks ended the session mixed as well. China's Shanghai fell 0.27%, Japan's Nikkei 225 added 1.11%, and Hong Kong's Hang Seng gained 0.53%.
To see more overseas news, click here.
Upgrades/Downgrades
- Goldman Sachs Upgrades Marathon Petroleum (NYSE: MPC) from Neutral to Buy, $58 PT
To see more of today's upgrades, click here.
- Goldman Sachs Downgrades ConocoPhillips (NYSE: COP) from Neutral to Sell, Maintains $58 PT
To see more of today's downgrades, click here.
On the Economic Calendar
- 10:00 a.m. ET - Mass Layoffs
- 10:30 - Gasoline Inventories
- 10:30 - Crude Oil Inventories
- 12:30 - FOMC Statement
- 12:30 - US Fed Interest Rate Decision
- 14:15 - Fed Chairman Bernanke Speaks
To see more economic news, click here
Earnings
- Yesterday, Adobe Systems (NASDAQ: ADBE) Reports Q2 EPS $$0.60 vs $0.59 Est; Revenues $1.12B vs $1.11B Est; Guides Q3 EPS $0.56-0.61 vs $0.61 Est, Guides Q3 Revenue $1.075-1.125B vs $1.13B Est
- Yesterday, Jabil Circuit (NYSE: JBL) Reports Q3 EPS $0.64 vs $0.64 Est, Revenue $4.25B vs $4.29B Est
To see more earnings announcements, click here.
Corporate News
- Quest Software (NASDAQ: QSFT) Has Received Increased Bid to $25.75/Share from $23 Previously
- Procter & Gamble (NYSE: PG) Lowers Quarterly EPS Guidance from $0.79-0.85 to $0.75-0.79
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.59%
- Energy futures are trading higher, with crude oil posting early gains of about 0.02%
- Natural Gas futures are trading 3.54% higher and copper is trading lower by about 0.48%
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 | 1368 | 1359 | 1347 | 1338 | 1327 |
| Gold | 1639 | 1629 | 1623 | 1613 | 1607 |
| Crude | 86.04 | 85.17 | 83.89 | 83.02 | 81.74 |
| Natural Gas | 2.74 | 2.65 | 2.58 | 2.49 | 2.41 |
| EUR/USD | 1.2822 | 1.2753 | 1.2660 | 1.2591 | 1.2498 |
| US Dollar Index | 82.64 | 82.12 | 81.75 | 81.23 | 80.86 |
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