Bacon & Trades
By kunal00
Posted in 
Wednesday, April 18, 2012
This is your Benzinga news summary and trader’s outlook covering headlines from overnight and today’s pre-market session.
The Mint is responsible for producing military medals as well as the Congressional Medals..
Benzinga’s Top News
- Halliburton (NYSE: HAL) Reports Q1 EPS $0.89 vs $0.86 Est; Revenues $6.9B vs $6.80B Est
- Bank of New York (NYSE: BK) Reports Q1 EPS $0.52 vs $0.52 Est; Revenues $3.6B vs $3.59B Est
- SXC (NASDAQ: SXCI) and Catalyst (NASDAQ: CHSI) to Combine into $13B Company
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 26 points.
- U.S. Dollar trades about 0.39% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain’s FTSE 100 slid 0.4%, Germany’s DAX fell 0.83% and France’s CAC 40 declined 1.59% on the session.
- Asian stocks ended the session higher. China’s Shanghai added 1.96%, Japan’s Nikkei 225 advanced 2.14%, and Hong Kong’s Hang Seng gained 1.06%.
To see more overseas news, click here.
Upgrades/Downgrades
- Sterne Agee Upgrades Deckers Outdoor (NASDAQ: DECK) from Underperform to Neutral
- Cantor Fitzgerald Upgrades First Solar (NASDAQ: FSLR) from Sell to Hold, Maintains PT at $21.5
To see more of today’s upgrades, click here.
- Wunderlich Securities Downgrades First Solar (NASDAQ: FSLR) to Sell, Lowers PT from $38 to $14
- JP Morgan Downgrades CTC Media (NASDAQ: CTCM) from Neutral to Underweight, Lowers PT from $13 to $12.4
To see more of today’s downgrades, click here.
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On the Economic Calendar
- 10:30 a.m. ET – Energy Inventories
To see more economic news, click here
Earnings
- Halliburton (NYSE: HAL) Reports Q1 EPS $0.89 vs $0.86 Est; Revenues $6.9B vs $6.80B Est
- Bank of New York (NYSE: BK) Reports Q1 EPS $0.52 vs $0.52 Est; Revenues $3.6B vs $3.59B Est
- PNC Financial Services (NYSE: PNC) Reports Q1 EPS $1.44 vs $1.43 Est; Revenues $3.72B vs $3.52B Est
- Blackrock (NYSE: BLK)Reports Q1 EPS $3.16 vs $3.01 Est; Revenues $2.25B vs $2.23B Est
- Textron (NYSE: TXT) Reports Q1 EPS $0.41 vs $0.36 Est; Revenues $2.86B vs $2.70B Est
To see more earnings announcements, click here.
Corporate News
- SXC (NASDAQ: SXCI) and Catalyst (NASDAQ: CHSI) to Combine into $13B Company
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.29%
- Energy futures are trading lower, with crude oil posting early losses of about 0.08%
- Natural Gas futures are trading 0.10% higher and copper is trading lower by about 0.22%
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 | 1406 | 1395 | 1377 | 1365 | 1347 |
| Gold | 1671 | 1661 | 1648 | 1637 | 1624 |
| Crude | 106.41 | 105.33 | 104.00 | 102.92 | 101.59 |
| Natural Gas | 2.03 | 1.99 | 1.97 | 1.92 | 1.90 |
| EUR/USD | 1.3211 | 1.3168 | 1.3129 | 1.3087 | 1.3046 |
| US Dollar Index | 80.11 | 79.90 | 79.73 | 79.52 | 79.35 |
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