Bacon & Trades

Benzinga’s Top News

• DISH Network (NASDAQ: DISH) Reports Q1 EPS $0.80 May Not Compare vs $0.70 Est; Revenues $3.58B vs $3.62B Est
• Frontier Communications (NYSE: FTR) Reports Q1 EPS $0.05 vs $0.06 Est; Revenues $1.27B vs $1.26B Est
• Avis Budget Group (NYSE: CAR) Reports Q1 EPS $0.12 vs $-0.06 Est; Revenues $1.62B vs $1.59B Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 66 points.
• U.S. Dollar trades about 0.32% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain’s FTSE 100 slid 1.93%, Germany’s DAX fell 0.81% and France’s CAC 40 dropped 0.25% on the session.
• Asian stocks ended the session lower as well. China’s Shanghai slid 0.04%, Japan’s Nikkei 225 fell 2.78%, and Hong Kong’s Hang Seng dropped 2.61%.

Upgrades/Downgrades

• Morgan Stanley Upgrades Lear (NYSE: LEA) from Underweight to Overweight, Raises PT from $50 to $55
• Dahlman Rose Upgrades Genesee & Wyoming (NYSE: GWR) from Hold to Buy, Announces PT of $67

• Wunderlich Securities Downgrades Alliant Energy (NYSE: LNT) from Buy to Hold, Lowers PT from $47 to $45
• Citigroup Downgrades Arcos Dorados Holdings (NASDAQ: ARCO) from Buy to Neutral, Lowers PT from $23 to $16

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On the Economic Calendar

• 11:30 a.m. ET – 6-Month Bill Auction
• 11:30 – 3-Month Bill Auction
• 15:00 – Consumer Credit

Earnings

• DISH Network (NASDAQ: DISH) Reports Q1 EPS $0.80 May Not Compare vs $0.70 Est; Revenues $3.58B vs $3.62B Est
• Frontier Communications (NYSE: FTR) Reports Q1 EPS $0.05 vs $0.06 Est; Revenues $1.27B vs $1.26B Est
• Avis Budget Group (NYSE: CAR) Reports Q1 EPS $0.12 vs $-0.06 Est; Revenues $1.62B vs $1.59B Est
• Cognizant Technology Solutions (NASDAQ: CTSH) Reports Q1 EPS $0.86 vs $0.79 Est; Revenues $1.71B vs $1.71B Est

Corporate News

• New Vision Television Announces Agreement To Sell Broadcasting Group To LIN Media (NYSE: TVL) for $330.4M
• Allscripts (NASDAQ: MDRX) Adopts Stockholder Rights Plan

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.40%
• Energy futures are trading lower, with crude oil posting early losses of about 0.63%
• Natural Gas futures are trading 2.94% higher and copper is trading lower by about 0.16%

Benzinga’s Morning Radar

Technical Levels for Futures and Forex 

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