FOREX WATCHLIST – UPCOMING SESSION
Just news today, we'll recap on US CPI tomorrow. Be sure to check out key technical levels below.
Corporate News:
Wal-Mart Stores fell 24 cents to $47.60 before the official open of U.S. exchanges. The company predicted second-quarter profit from continued operations of between 75 cents and 79 cents a share. Analysts had expected 79 cents a share. Wal-Mart also posted first-quarter earnings of 68 cents a share, matching analysts' predictions in a Bloomberg survey.
Agilent Technologies rose $1.31, or 3.7 percent, to $37.22 in Germany. The world's biggest maker of scientific-testing equipment said third-quarter profit excluding some costs will be 46 cents to 50 cents a share on sales of $1.36 billion to $1.4 billion. Analysts on average estimated profit of 45 cents and sales of $1.35 billion, according to a Bloomberg survey.
Amgen dropped $2.67, or 4.8 percent, to $53.40 before the official open of U.S. exchanges. Medicare, the U.S. government provider of health care to 43 million elderly or disabled Americans, seeks to limit use of Amgen and Johnson & Johnson's anemia drugs after regulators found they may increase heart problems and tumor growth in some patients, the Centers for Medicare and Medicaid Services said yesterday.
General Motors added 38 cents to $31 before the official open of U.S. exchanges. Lehman Brothers Holdings Inc. raised its recommendation on shares of the largest U.S. automaker to "equal weight'' from "underweight.'' Analyst Brian A. Johnson wrote in a note that DaimlerChrysler AG's sale of its U.S. Chrysler unit to Cerberus Capital Management LP may allow GM to take a tougher stance in negotiations with the union for its workers.
Home Depot fell $1.30, or 3.3 percent, to $37.71 in trading before U.S. exchanges opened. The world's largest home-improvement retailer said first-quarter profit net income fell 30 percent to $1.05 billion, or 53 cents a share, from $1.48 billion, or 70 cents, a year earlier. Sales rose 0.6 percent to $21.6 billion, the smallest gain in about four years, Home Depot said. Analysts surveyed by Bloomberg estimated profit of 59 cents a share on sales of $21.8 billion.