Market Overview

Financial Breakfast: Morning News Summary for June 20, 2012

Related QSFT
Stocks Hitting 52-Week Lows
Quest Software Stockholders Approve Acquisition by Dell

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

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


Subscribe Click here to subscribe to this newsletter. Receive it daily to your inbox!

Latest Ratings for QSFT

DateFirmActionFromTo
Oct 2012Jefferies & CompanyDrops Coverage on
Jul 2012JP MorganDowngradesOverweightNeutral
Mar 2012Wunderlich SecuritiesMaintainsHold

View More Analyst Ratings for QSFT
View the Latest Analyst Ratings

Posted-In: Earnings News Bonds Guidance Upgrades Downgrades Futures Technicals Best of Benzinga

 

Related Articles (ADBE + COP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters