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Financial Breakfast: Morning News Summary for February 21, 2012

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Tuesday, February 21, 2012

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

Benzinga's Top News

  • Prolonged talks between Greece and its lenders have finally produced an agreement in which Greece will its second bailout. The numbers coming out of the talks' chambers are €130 billion and 121 percent.
  • Threshold Pharmaceuticals (NASDAQ: THLD) Announces Positive Phase 2b Clinical Trial Results of TH-302 in Patients With Pancreatic Cancer
  • Alibaba Group (NASDAQ: YHOO) Proposes Privatization of Alibaba.com for HK$13.50 per Share
  • Wal-Mart (NYSE: WMT) Reports Q4 Cont Ops EPS $1.51, Ex-Items $1.44 vs $1.45 Est; Revenues $123.17B vs $124.26B Est
  • Mylan (NYSE: MYL) Reports Q4 EPS $0.53 vs $0.50 Est; Revenues $1.53B vs $1.55B Est
  • Medco Health Solutions (NYSE: MHS) Reports Q4 EPS $1.25 vs $1.17 Est; Revenues $18.99B vs $17.47B Est
  • Home Depot (NYSE: HD) Reports Q4 EPS $0.50 vs $0.42 Est; Revenues $16.01B vs $15.49B Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 40 points.
  • U.S. Dollar trades about 0.27% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.34%, Germany's DAX slid 0.7% and France's CAC 40 fell 0.67% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.76%, Japan's Nikkei 225 fell 0.23%, and Hong Kong's Hang Seng gained 0.25%.
  • Prolonged talks between Greece and its lenders have finally produced an agreement in which Greece will its second bailout. The numbers coming out of the talks' chambers are €130 billion and 121 percent.
To see more overseas news, click here.

Upgrades/Downgrades

  • Citigroup Upgrades Advanced Energy Industries (NASDAQ: AEIS) from Neutral to Buy, Raises PT from $10 to $16.5
  • ISI Group Upgrades Deckers Outdoor (NASDAQ: DECK) from Hold to Buy, Maintains PT at $120
To see more of today's upgrades, click here.

  • Morgan Stanley Downgrades Host Hotels & Resorts (NYSE: HST) from Overweight to Equal-weight, Maintains PT at $17
  • Piper Jaffray Downgrades Codexis (NASDAQ: CDXS) from Neutral to Underweight, Lowers PT from $5 to $3.5
To see more of today's downgrades, click here.

On the Economic Calendar

  • Chicago Fed National Activity is set to report 8:30 a.m. ET
To see more economic news, click here

Earnings

  • Wal-Mart (NYSE: WMT) Reports Q4 Cont Ops EPS $1.51, Ex-Items $1.44 vs $1.45 Est; Revenues $123.17B vs $124.26B Est
  • Mylan (NYSE: MYL) Reports Q4 EPS $0.53 vs $0.50 Est; Revenues $1.53B vs $1.55B Est
  • Medco Health Solutions (NYSE: MHS) Reports Q4 EPS $1.25 vs $1.17 Est; Revenues $18.99B vs $17.47B Est
  • Home Depot (NYSE: HD) Reports Q4 EPS $0.50 vs $0.42 Est; Revenues $16.01B vs $15.49B Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.69%
  • Energy futures are trading higher, with crude oil posting early gains of about 1.19%
  • Natural Gas futures are lower by about 2.24% and copper is trading higher by about 1.58%
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 S&P 500 1371 1368 1365 1363 1359
Gold 1742 1739 1734 1731 1726
Crude 106.29 105.77 105.29 104.78 104.29
Natural Gas 2.69 2.65 2.63 2.59 2.56
EUR/USD 1.3327 1.3284 1.3233 1.3190 1.3138
US Dollar Index 79.53 79.32 79.11 78.90 78.70


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