Financial Breakfast: Morning News Summary for January 13, 2012 - Akamai Technologies (NASDAQ:AKAM)

Friday, January 13, 2012

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

• When the DOW hit bottom after the crash of 1929, it was down 89% from the pre-crash peak.

Benzinga's Top News

JPMorgan Chase (NYSE: JPM) reports Q4 EPS $0.90 vs $0.90 Est; Revenues $22.2B vs $23.00B Est

Jingwei International (NASDAQ: JNGW) announced resignation of its CFO

Domestic Pre-Market Trading

U.S. Equity Markets trade lower as Dow futures trade down about 20 points.
U.S. Dollar trades about 0.3% higher.

To see more pre-market news, click here.

Overseas Trading

European markets are higher in afternoon trading. Britain's FTSE 100 added 0.04%, Germany's DAX gained 0.34% and France's CAC 40 advanced 1.01% on the session.
Asian stocks ended the session mixed. China's Shanghai lost 1.35%, Japan's Nikkei 225 added 1.36%, and Hong Kong's Hang Seng gained 0.57%

To see more overseas news, click here.

Upgrades/Downgrades

Oppenheimer upgrades Titan International (NYSE: TWI) to Outperform
Jefferies upgrades Safeway (NYSE: SWY) to Buy

To see more of today's upgrades, click here.

Goldman Sachs downgrades McDermott International (NYSE: MDR) to Neutral
DA Davidson downgrades Akamai Technologies (NASDAQ: AKAM) to Neutral

To see more of today's downgrades, click here.

On the Economic Calendar

Import Price Index and Trade Balance are due at 8:30 a.m. ET
U of M Confidence Index is set to report at 9:55 a.m.

To see more economic news, click here

Earnings

JPMorgan Chase (NYSE: JPM) reports Q4 EPS $0.90 vs $0.90 Est; Revenues $22.2B vs $23.00B Est

To see more earnings announcements, click here.

Corporate News

Jingwei International (NASDAQ: JNGW) announced resignation of its CFO

To see more corporate news, click here.

Commodities

Precious metals are trading lower, with gold posting losses of about 0.47%
Energy futures are trading lower, with crude oil posting losses of about 0.13%
Natural Gas futures are lower by about 1.4% and copper is trading lower by about 0.7%

To see more commodities news, click here.

Benzinga's Morning Radar

Technical Levels for Futures and Forex

Name	Resistance-2	Resistance-1	Mid Pivot	Support-1	Support-2
E-Mini Dow	12542	12478	12400	12336	12258
E-Mini S&P 500	1306	1299	1290	1282	1273
Gold	1670	1660	1652	1641	1633
Crude	104.71	101.97	100.23	97.49	95.75
Natural Gas	2.82	2.76	2.71	2.65	2.60
EUR/USD	1.2931	1.2872	1.2784	1.2726	1.2639
US Dollar Index	81.92	81.50	81.20	80.80	80.53

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AKAMAkamai Technologies Inc

$120.100.07%

Overview

JPMJPMorgan Chase & Co

$348.100.34%

TWITitan International Inc

$7.641.19%

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