Financial Breakfast: Morning News Summary for May 30, 2012

Benzinga's Top News

• EU Weighs Direct Aid For Banks
• Booz Allen Hamilton Reports Q4 EPS $0.44 vs $0.41 Est; Revenues $1.54B vs $1.55B Est
• Tim Cook Says Apple's AAPL Relationship with Facebook FB is 'Very Solid', Stay Tuned
• Yesterday, Research in Motion RIMM Hires Bankers, Looks to Pursue "Strategic Options"; Expected to Report Operating Losses for Q1

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 85 points.
• U.S. Dollar trades about 0.16% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 lost 1.29%, Germany's DAX slid 0.71% and France's CAC 40 declined 0.99% on the session.
• Asian stocks ended the session lower as well. China's Shanghai slid 0.26%, Japan's Nikkei 225 declined 0.28%, and Hong Kong's Hang Seng fell 1.92%.
• Economic Sentiment For The Euro-Zone Declined To 90.6, Versus 92.9 In April
• EU Weighs Direct Aid For Banks

Upgrades/Downgrades

• Goldman Sachs Upgrades Wynn Resorts WYNN from Neutral to Buy, Maintains PT at $136
• Oppenheimer Upgrades Jack in the Box JACK from Perform to Outperform, Announces $32 PT

• Deutsche Bank Downgrades Frontline FRO from Hold to Sell, Lowers PT from $6 to $2
• Dahlman Rose Downgrades Agnico-Eagle Mines AEM from Buy to Hold

On the Economic Calendar

• 08:55 a.m. ET - Redbook (MoM)
• 10:00 - Pending Home Sales (MoM)
• 11:30 - 52-Week Bill Auction
• 11:30 - 4-Week Bill Auction
• 11:30 - ECB President Draghi Speaks
• 12:20 - FOMC Member Fisher Speaks

Earnings

• Booz Allen Hamilton Reports Q4 EPS $0.44 vs $0.41 Est; Revenues $1.54B vs $1.55B Est
• The Fresh Market TFM Reports Q1 EPS $0.4 vs $0.36 Est; Revenues $324.8M vs $310.48M Est
• JOS A Bank Clothiers JOSB Reports Q1 EPS $0.53 vs $0.62 Est; Revenues $201.4M vs $208.9M Est

Corporate News

• Tim Cook Says Apple's AAPL Relationship with Facebook FB is 'Very Solid', Stay Tuned
• Finish Line FINL Outlines Long-Term Operating Targets; Updates Fiscal First Quarter Outlook; Expects Q1 EPS $0.22-0.23 from $0.21 Prior and vs $0.22 Est
• Yesterday, Research in Motion RIMM Hires Bankers, Looks to Pursue "Strategic Options"; Expected to Report Operating Losses for Q1

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.26%
• Energy futures are trading lower, with crude oil posting early losses of about 1.45%
• Natural Gas futures are trading 2.6% lower and copper is trading lower by about 1.46%

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	1343	1338	1329	1324	1315
Gold	1600	1578	1563	1541	1526
Crude	93.09	92.00	91.13	90.04	89.17
Natural Gas	2.66	2.58	2.52	2.43	2.37
EUR/USD	1.2625	1.2563	1.2512	1.2450	1.2398
US Dollar Index	83.02	82.75	82.44	82.17	81.86

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