Halftime Report 6.11.2012

Overnight and into the morning the Euro hovered around the $1.2540 level and is currently trading at $1.2497.

Crude is down over $0.75 cents on the day and trading at $83.34, -0.9%, on slower growth expectations in the U.S.A. and China, as well as gains in the EUR/USD and lower stocks. Gold futures were relatively unchanged on the day, trading at $1591.10, down 30 cents.

Major US stock indices are down on the day. The Dow Jones Industrial Average futures are trading at $1,2431, down 72 points (-.58%), the S & P 500 futures are trading at 1314.75, down 7.25 points (-.41%), and the NASDAQ 100 futures were trading at 2546.50, down 10.5 points (-.68%).

Diamond Foods Inc. (DMND) is trading at $18.67, down $1.49 (-7.39%) after the snack maker was not able to meet today’s earning’s deadline. Volkswagen AG (VLKAY) is trading at $29.79, up 32 cents (1.09%) and is considering taking a stake in Navistar International Group (NAV), a commercial truck and engine maker.

ZaZa Energy Group was a big mover this morning, trading at $4.25, up $1.00 (30.77%) after ending its’ partnership with Hess Corp. (HES) to explore shale formations in Texas and France.

Apple is up on the day at $587.09, up 43% year-to-date on the positive outlook that they will announce new products the annual Worldwide Development Conference. Updated versions of the iPhone, Apple TV, iPads and MacBooks are expected.