Financial Breakfast: Morning News Summary for February 21, 2012

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 THLD Announces Positive Phase 2b Clinical Trial Results of TH-302 in Patients With Pancreatic Cancer
• Alibaba Group YHOO Proposes Privatization of Alibaba.com for HK$13.50 per Share
• Wal-Mart WMT Reports Q4 Cont Ops EPS $1.51, Ex-Items $1.44 vs $1.45 Est; Revenues $123.17B vs $124.26B Est
• Mylan MYL Reports Q4 EPS $0.53 vs $0.50 Est; Revenues $1.53B vs $1.55B Est
• Medco Health Solutions MHS Reports Q4 EPS $1.25 vs $1.17 Est; Revenues $18.99B vs $17.47B Est
• Home Depot 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.

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.

Upgrades/Downgrades

• Citigroup Upgrades Advanced Energy Industries AEIS from Neutral to Buy, Raises PT from $10 to $16.5
• ISI Group Upgrades Deckers Outdoor DECK from Hold to Buy, Maintains PT at $120

• Morgan Stanley Downgrades Host Hotels & Resorts HST from Overweight to Equal-weight, Maintains PT at $17
• Piper Jaffray Downgrades Codexis CDXS from Neutral to Underweight, Lowers PT from $5 to $3.5

On the Economic Calendar

• Chicago Fed National Activity is set to report 8:30 a.m. ET

Earnings

• Wal-Mart WMT Reports Q4 Cont Ops EPS $1.51, Ex-Items $1.44 vs $1.45 Est; Revenues $123.17B vs $124.26B Est
• Mylan MYL Reports Q4 EPS $0.53 vs $0.50 Est; Revenues $1.53B vs $1.55B Est
• Medco Health Solutions MHS Reports Q4 EPS $1.25 vs $1.17 Est; Revenues $18.99B vs $17.47B Est
• Home Depot HD Reports Q4 EPS $0.50 vs $0.42 Est; Revenues $16.01B vs $15.49B Est

Corporate News

• Threshold Pharmaceuticals THLD Announces Positive Phase 2b Clinical Trial Results of TH-302 in Patients With Pancreatic Cancer
• Alibaba Group YHOO Proposes Privatization of Alibaba.com for HK$13.50 per Share
• Repligen RGEN Announces FDA Grant of Priority Review for SecreFlo NDA

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%

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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