Financial Breakfast: Morning News Summary for March 21, 2012

Benzinga's Top News

• Goldman Sachs Upgrades LinkedIn LNKD from Neutral to Buy, Raises PT from $80 to $135
• General Mills GIS Reports Q3 EPS $0.55 vs $0.56 Est; Revenues $4.12B vs $4.09B Est
• 09:30 a.m. ET - Fed Chairman Bernanke Testifies

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 22 points.
• U.S. Dollar trades about 0.11% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.13%, Germany's DAX gained 0.34% and France's CAC 40 advanced 0.28% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 0.09%, Japan's Nikkei 225 lost 0.55%, and Hong Kong's Hang Seng slid 0.15%.

Upgrades/Downgrades

• Goldman Sachs Upgrades LinkedIn LNKD from Neutral to Buy, Raises PT from $80 to $135
• The Benchmark Company Upgrades Open Table OPEN from Hold to Buy, Announces PT of $50

• Guggenheim Downgrades SunTrust Banks STI from Buy to Neutral, Maintains PT at $26
• Citigroup Downgrades Sabra Healthcare SBRA to Neutral

On the Economic Calendar

• 09:30 a.m. ET - Fed Chairman Bernanke Testifies
• 10:00 - Existing Home Sales
• 10:30 - Gasoline Inventories
• 10:30 - Crude Oil Inventories

Earnings

• General Mills GIS Reports Q3 EPS $0.55 vs $0.56 Est; Revenues $4.12B vs $4.09B Est

Corporate News

• Volkswagen Partners With Amyris AMRS and Solazyme SZYM to Promote Automotive use of Renewable Fuels.
• Bioline VIVO Receives Clearance from TGA for the Commercialization in Australia of the New Molecular Test illumigene Group B Streptococcus

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.40%
• Energy futures are trading higher, with crude oil posting early gains of about 0.51%
• Natural Gas futures are higher by about 0.09% and copper is trading higher by about 0.30%

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	1410	1405	1398	1393	1386
Gold	1666	1658	1650	1642	1633
Crude	109.12	107.73	106.72	105.33	104.32
Natural Gas	2.39	2.35	2.33	2.30	2.28
EUR/USD	1.3295	1.3259	1.3215	1.3179	1.3135
US Dollar Index	80.27	80.05	79.88	79.67	79.50

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