Bacon & Trades
By kunal00
Posted in 
Friday, April 13, 2012
This is your Benzinga news summary and trader’s outlook covering headlines from overnight and today’s pre-market session.
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Benzinga’s Top News
- China’s Q1 GDP Growth Slows to 8.1% vs 8.3% Est
- JPMorgan Chase Reports Q1 EPS $1.31 vs $1.17 Est; Revenues $26.71B vs $24.66B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade up about 30 points.
- U.S. Dollar trades about 0.19% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain’s FTSE 100 slid 0.29%, Germany’s DAX fell 0.53% and France’s CAC 40 dropped 0.91% on the session.
- Asian stocks ended the session higher. China’s Shanghai added 0.35%, Japan’s Nikkei 225 gained 1.19%, and Hong Kong’s Hang Seng advanced 1.84%.
- China’s Q1 GDP Growth Slows to 8.1% vs 8.3% Est
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley Upgrades Dover (NYSE: DOV) from Underweight to Equal-weight, Raises PT from $64 to $65
- ABG Sundal Collier Upgrades Pandora (NYSE: P) from Hold to Buy
To see more of today’s upgrades, click here.
- Barclays Downgrades Nokia (NYSE: NOK) from Overweight to Equal-weight
- Credit Suisse Downgrades Cohen & Steers (NYSE: CNS) from Outperform to Neutral, Lowers PT from $45 to $40
To see more of today’s downgrades, click here.
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On the Economic Calendar
- 08:30 a.m. ET – CPI (MoM)
- 09:55 – Michigan Consumer Sentiment Index
- 13:00 – Fed Chairman Bernanke Speaks
To see more economic news, click here
Earnings
- JPMorgan Chase Reports Q1 EPS $1.31 vs $1.17 Est; Revenues $26.71B vs $24.66B Est
- iGate (NASDAQ: IGTE) Reports Q1 EPS $0.38 vs $0.32 Est; Revenues $263.3M vs $270.27M Est
To see more earnings announcements, click here.
Corporate News
- Regis (NYSE: RGS) Announces Agreement to Sell Ownership in Provalliance for EUR 80 Million in Cash
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.33%
- Energy futures are trading lower, with crude oil posting early losses of about 0.31%
- Natural Gas futures are higher by about 0.05% and copper is trading lower by about 1.32%
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 | 1401 | 1393 | 1378 | 1370 | 1355 |
| Gold | 1699 | 1688 | 1669 | 1657 | 1639 |
| Crude | 105.23 | 104.44 | 103.45 | 102.65 | 101.65 |
| Natural Gas | 2.10 | 2.04 | 2.00 | 1.94 | 1.90 |
| EUR/USD | 1.3276 | 1.3231 | 1.3162 | 1.3121 | 1.3056 |
| US Dollar Index | 80.19 | 79.83 | 79.60 | 79.24 | 79.01 |
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