Financial Breakfast: Morning News Summary for February 28, 2012

Benzinga's Top News

• AutoZone AZO Reports Q2 EPS $4.15 vs $4.04 Est; Revenues $1.80B vs $1.78B Est
• Tech Data TECD Reports Q4 EPS $1.75 vs $1.66 Est; Revenues $7.11B vs $7.16B Est
• Steelworkers Ratify Agreement with Cooper Tire CTB, Ending Lockout

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 41 points.
• U.S. Dollar trades about 0.27% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.12%, Germany's DAX advanced 0.33% and France's CAC 40 advanced 0.35% on the session.
• Asian stocks ended the session higher as well. China's Shanghai added 0.21%, Japan's Nikkei 225 advanced 0.92%, and Hong Kong's Hang Seng gained 1.65%.

Upgrades/Downgrades

• JP Morgan Upgrades USG USG from Neutral to Overweight, Raises PT from $12.5 to $18.5
• Auriga Upgrades Salix Pharmaceuticals SLXP from Hold to Buy, Announces PT of $54

• Oppenheimer Downgrades Nokia NOK from Outperform to Perform
• Jefferies & Company Downgrades Finisar FNSR from Buy to Hold, Lowers PT from $24 to $22

On the Economic Calendar

• Durable Goods Orders are set to report at 8:30 a.m. ET
• Case-Shiller Home Price Index is due at 9:00 a.m.
• Consumer Confidence and Richmond Fed Manufacturing Index are set to report at 10:00 a.m.

Earnings

• AutoZone AZO Reports Q2 EPS $4.15 vs $4.04 Est; Revenues $1.80B vs $1.78B Est
• Tech Data TECD Reports Q4 EPS $1.75 vs $1.66 Est; Revenues $7.11B vs $7.16B Est
• Impax Laboratories IPXL Reports Q4 EPS $0.33 vs $0.22 Est; Revenues $158.56M vs $128.51M Est

Corporate News

• Steelworkers Ratify Agreement with Cooper Tire CTB, Ending Lockout
• Chart GTLS Receives $110M Order for Wheatstone Liquefied Natural Gas Project in Australia
• Alimera Sciences ALIM Announces Positive Outcome to the European Decentralized Procedure for Approval of ILUVIEN for the Treatment of Chronic Diabetic Macular Edema

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.29%
• Energy futures are trading lower, with crude oil posting early losses of about 0.29%
• Natural Gas futures are lower by about 0.35% and copper is trading higher by about 0.94%

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	1381	1374	1363	1356	1346
Gold	1789	1779	1771	1761	1752
Crude	110.33	109.10	108.19	106.96	106.05
Natural Gas	2.79	2.69	2.64	2.55	2.50
EUR/USD	1.3506	1.3450	1.3408	1.3353	1.3310
US Dollar Index	78.89	78.75	78.58	78.44	78.27

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