Financial Breakfast: Morning News Summary for June 22, 2012

Benzinga's Top News

Darden Restaurants DRI Reports Q4 EPS $1.15 vs $1.15 Est; Revenues $2.07B vs $2.11B Est

Monster Beverage MNST Joins S&P500, Replacing Sara Lee SLE

Yesterday, Moody's Investors Service Lowered The Credit Ratings of 15 Banks.

Domestic Pre-Market Trading

• U.S. Equity Markets trade up as Dow futures trade higher about 58 points.
• U.S. Dollar trades about 0.02% lower.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.79%, Germany's DAX fell 0.60% and France's CAC 40 slid 0.36% on the session.
• Asian stocks ended the session lower as well. China's Shanghai fell 1.35%, Japan's Nikkei 225 added 0.29%, and Hong Kong's Hang Seng slid 1.40%.
• Brazil and China Agree to $30 billion-Currency Swap Deal

Upgrades/Downgrades

• Piper Jaffray Upgrades The Fresh Market TFM from Neutral to Overweight, Announces PT of $60

• McAdams Wright Ragen Downgrades Nike NKE from Hold to Sell, Removes PT

On the Economic Calendar

No Major Economic Releases Today

Earnings

• Darden Restaurants DRI Reports Q4 EPS $1.15 vs $1.15 Est; Revenues $2.07B vs $2.11B Est

Corporate News

• Repligen RGEN Receives CRL; FDA Determined More Clinical Efficacy, Safety Trial Data Will Be Required
• Monster Beverage MNST Joins S&P500, Replacing Sara Lee SLE
• Yesterday, Moody's Investors Service Lowered The Credit Ratings of 15 Banks.
• Yesterday, Ryder R Cut Forecast; Guided Q2 EPS $0.90-0.95 Had Seen $1.07-1.12; FY EPS to $3.65-3.85, Had Seen $4.02-4.12

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.19%
• Energy futures are trading higher, with crude oil posting early gains of about 0.45%
• Natural Gas futures are trading 0.12% higher and copper is trading lower by about 0.59%

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	1365	1341	1329	1306	1293
Gold	1619	1592	1578	1551	1538
Crude	82.11	80.04	78.98	76.91	75.85
Natural Gas	2.70	2.64	2.57	2.50	2.44
EUR/USD	1.2756	1.2647	1.2589	1.2480	1.2421
US Dollar Index	83.23	82.89	82.28	81.94	81.33

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