Market Overview

Financial Breakfast: Morning News Summary for July 6, 2012

Related SBH
Sterne Agee Sees Turnaround For Retail Stocks
UPDATE: Morgan Stanley Reiterates On Sally Beauty Following Meeting With Chris Brickman

Friday, July 6, 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 England Leaves Rates Unchanged at 0.5%, BOE Asset Purchase Target Increased By £50B To £375B
  • China Cuts One Year Lending Rate 0.31 Percentage Points, Cuts One Year Deposit Rate 0.25 Percentage Points

Domestic Pre-Market Trading

  • U.S. Equity Markets trade down as Dow futures trade lower about 16 points.
  • U.S. Dollar trades about 0.08% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.10%, Germany's DAX slid 0.42% and France's CAC 40 fell 0.44% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 1.05%, Japan's Nikkei 225 fell 0.65%, and the Hong Kong's Hang Seng Market slid 0.04%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Bank of America Merrill Lynch Upgrades Sally Beauty (NYSE: SBH) from Neutral to Buy, Raises PO from $30 to $32
To see more of today's upgrades, click here.

  • Morgan Stanley Downgrades Perrigo (NASDAQ: PRGO) from Overweight to Equal-Weight, Raises PT from $110 to $125
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 a.m. ET - Nonfarm Payrolls
  • 08:30 - Unemployment Rate
  • 08:30 - Average Hourly Earnings (MoM)
  • 10:30 - Natural Gas Storage
To see more economic news, click here

Earnings

  • Yesterday, Xyratex (NASDAQ: XRTX) Reported Q2 EPS $0.32 vs $0.29 Est; Revenues $322.1M vs $327.03M Est
  • Yesterday, Informatica (NASDAQ: INFA) Reported Preliminary Q2 $0.27-0.28 vs $0.37 Est; Revs $188-190M vs $222.6M 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 0.89%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.74%
  • Natural Gas futures are trading 1.36% higher and copper is trading lower by about 0.64%
To see more commodities news, click here.



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Latest Ratings for SBH

DateFirmActionFromTo
Oct 2014Bank of AmericaBuy
Jun 2014Morgan StanleyInitiates Coverage onOverweight
May 2014CitigroupMaintainsHold

View More Analyst Ratings for SBH
View the Latest Analyst Ratings

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