Financial Breakfast: Morning News Summary for January 11, 2012

• Mark Twain analyzed risk in the markets well before the Market Crash of 1929, "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.".

Benzinga's Top News

• Lennar LEN reports Q4 EPS $0.16 vs $0.17 Est; Revenues $952.7M vs $913.95M Est
• Fitch Says ECB Must Do More to Prevent 'Cataclysmic' Euro Collapse
• Fed's Beige Book is set to release at 2:00 p.m. ET

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 46 points.
• U.S. Dollar trades about 0.67% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.87%, Germany's DAX slid 0.9% and France's CAC 40 fell 0.88% on the session.
• Asian stocks ended the session mixed. China's Shanghai lost 0.39%, Japan's Nikkei 225 advanced 0.30%, and Hong Kong's Hang Seng gained 0.78%
• Fitch Says ECB Must Do More to Prevent 'Cataclysmic' Euro Collapse

Upgrades/Downgrades

• Credit Suisse upgrades AK Steel AKS to Outperform
• Goldman Sachs upgrades Owens & Minor OMI to Neutral

• Citigroup removes Cablevision Systems CVC from Top Picks Live! List
• Societe Generale downgrades Waste Management WM to Sell

On the Economic Calendar

• Fed's Beige Book is set to release at 2:00 p.m. ET

Earnings

• Lennar LEN reports Q4 EPS $0.16 vs $0.17 Est; Revenues $952.7M vs $913.95M Est
• SemiLEDS LEDS reports Q2 EPS $(0.26) vs $(0.29) Est; Revenues $6.75M vs $6.28M Est

Corporate News

• ICF International ICFI awarded new $32.8 million contract with U.S. Department of Education
• Johnson Outdoors JOUT announces settlement reached in patent infringement lawsuit
• Hydrogenics HYGS wins electrolyzer contract for Netherlands hydrogen fueling station

Commodities

• Precious metals are trading higher, with gold posting gains of about 0.2%
• Energy futures are trading lower, with crude oil posting losses of about 0.84%
• Natural Gas futures are lower by about 3.2% and copper is trading lower by about 0.16%

Benzinga's Morning Radar

Technical Levels for Futures and Forex

Name	Resistance-2	Resistance-1	Mid Pivot	Support-1	Support-2
E-Mini Dow	12500	12446	12409	12355	12318
E-Mini S&P 500	1298	1292	1286	1280	1273
Gold	1654	1643	1630	1619	1605
Crude	104.05	103.10	102.46	101.51	100.87
Natural Gas	3.10	3.01	2.95	2.87	2.81
EUR/USD	1.2854	1.2815	1.2778	1.2740	1.2704
US Dollar Index	81.57	81.36	81.19	80.98	80.80

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