Financial Breakfast: Morning News Summary for May 9, 2012

Benzinga's Top News

AOL AOL Reports Q1 EPS $0.22 vs $0.07 Est; Revenues $529.4M vs $526.48M Est

Teva Pharmaceutical TEVA Reports Q1 EPS $1.47 vs $1.44 Est; Revenues $5.1B vs $5.51B Est

From Yesterday, Green Mountain Coffee GMCR Fires Stiller as Chairman, Mardy Replaces as Interim Chairman

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 87 points.
• U.S. Dollar trades about 0.31% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 slid 1.05%, Germany's DAX fell 0.42% and France's CAC 40 dropped 1.05% on the session.
• Asian stocks ended the session lower as well. China's Shanghai slid 1.62%, Japan's Nikkei 225 fell 1.49%, and Hong Kong's Hang Seng dropped 0.75%.

Upgrades/Downgrades

• Morgan Stanley Upgrades Dow Chemical DOW from Equal-weight to Overweight, Raises PT from $35 to $38
• Piper Jaffray Upgrades Veeco Instruments VECO from Neutral to Overweight, Raises PT from $30 to $50

• JP Morgan Downgrades Fossil FOSL from Overweight to Neutral, Lowers PT from $138 to $88
• Jefferies & Company Downgrades Chiquita Brands CQB from Buy to Hold, Lowers PT from $12 to $7.5

On the Economic Calendar

• 10:00 a.m. ET - Wholesale Inventories (MoM)
• 10:30 - Gasoline Inventories
• 10:30 - Crude Oil Inventories
• 13:00 - 10-Year Note Auction

Earnings

• AOL AOL Reports Q1 EPS $0.22 vs $0.07 Est; Revenues $529.4M vs $526.48M Est
• Spectrum Brands SPB Reports Q2 EPS $0.34 vs $0.32 Est; Revenues $746.3M vs $724.07M Est
• Teva Pharmaceutical TEVA Reports Q1 EPS $1.47 vs $1.44 Est; Revenues $5.1B vs $5.51B Est
• Dollar Thrifty Automotive DTG Reports Q1 EPS $1.35 vs $1.3 Est; Revenues $356.3M vs $355.53M Est

Corporate News

• From Yesterday, Green Mountain Coffee GMCR Fires Stiller as Chairman, Mardy Replaces as Interim Chairman

Commodities

• Precious metals are trading lower, with gold posting early losses of about 1.21%
• Energy futures are trading lower, with crude oil posting early losses of about 0.84%
• Natural Gas futures are trading 2.2% higher and copper is trading lower by about 1.31%

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	1379	1369	1356	1346	1333
Gold	1655	1630	1613	1585	1570
Crude	99.26	98.33	96.93	96.00	94.60
Natural Gas	2.57	2.50	2.39	2.32	2.20
EUR/USD	1.3070	1.3037	1.3009	1.2977	1.2949
US Dollar Index	80.24	80.09	79.92	79.77	79.61

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