Bacon & Trades
By kunal00
Posted in 
Tuesday, April 17, 2012
This is your Benzinga news summary and trader’s outlook covering headlines from overnight and today’s pre-market session.
Between 1942 and 1945, during World War 2, nickels didn’t actually have nickel in them. It was a mix of copper, silver, and manganese.
Benzinga’s Top News
- Goldman Sachs (NYSE: GS) Reports Q1 EPS $3.92 vs $3.55 Est; Revenues $9.95B vs $9.45B Est
- Cheniere Energy (NYSE: LNG) Gains US Approval for Gas-Export Terminal
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 58 points.
- U.S. Dollar trades about 0.06% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain’s FTSE 100 added 0.87%, Germany’s DAX advanced 1.19% and France’s CAC 40 gained 1.47% on the session.
- Asian stocks ended the session lower. China’s Shanghai fell 0.97%, Japan’s Nikkei 225 declined 0.06%, and Hong Kong’s Hang Seng slid 0.23%.
- China March Foreign Direct Investment Drops 6.1%
To see more overseas news, click here.
Upgrades/Downgrades
- Jefferies & Company Upgrades Newfield Exploration (NYSE: NFX) from Hold to Buy, Raises PT from $38 to $46
- Jefferies & Company Upgrades Oasis Petroleum (NYSE: OAS) from Hold to Buy, Raises PT from $31 to $42
To see more of today’s upgrades, click here.
- Goldman Sachs Downgrades First Solar (NASDAQ: FSLR) from Buy to Neutral, Announces PT of $24
- Goldman Sachs Downgrades Infosys Technologies (NASDAQ: INFY) from Buy to Neutral
To see more of today’s downgrades, click here.
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On the Economic Calendar
- 08:30 a.m. ET – Building Permits
- 08:30 – Housing Starts
- 09:00 – Interest Rate Decision
- 09:15 – Industrial Production (MoM)
- 09:15 – Capacity Utilization Rate
- 11:30 – 4-Week Bill Auction
To see more economic news, click here
Earnings
- Goldman Sachs (NYSE: GS) Reports Q1 EPS $3.92 vs $3.55 Est; Revenues $9.95B vs $9.45B Est
- State Street (NYSE: STT)Reports Q1 EPS $0.84 May Not Compare vs $0.87 Est; Revenues $2.42B vs $2.33B Est
- Omnicom Group (NYSE: OMC) Reports Q1 EPS $0.72 vs $0.69 Est; Revenues $3.31B vs $3.29B Est
- Comerica (NYSE: CMA) Reports Q1 EPS $0.66 May Not Compare vs $0.55 Est
- US Bancorp (NYSE: USB) Reports Q1 EPS $0.67 vs $0.64 Est
To see more earnings announcements, click here.
Corporate News
- Cheniere Energy (NYSE: LNG) Gains US Approval for Gas-Export Terminal
- BioDelivery Sciences (NASDAQ: BDSI) Awarded Patent Resulting in $15 Million Milestone Payment
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.42%
- Energy futures are trading higher, with crude oil posting early gains of about 0.80%
- Natural Gas futures are trading 0.74% lower and copper is trading higher by about 0.03%
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 | 1381 | 1372 | 1366 | 1357 | 1351 |
| Gold | 1669 | 1661 | 1651 | 1644 | 1634 |
| Crude | 104.35 | 103.76 | 102.78 | 102.20 | 101.21 |
| Natural Gas | 2.05 | 2.03 | 1.99 | 1.97 | 1.94 |
| EUR/USD | 1.3246 | 1.3193 | 1.3094 | 1.3040 | 1.2941 |
| US Dollar Index | 80.58 | 80.14 | 79.90 | 79.47 | 79.23 |
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