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Financial Breakfast: Morning News Summary for April 17, 2012

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Tuesday, April 17, 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

  • Goldman Sachs (NYSE: GS) Reports Q1 EPS $3.92 vs $3.55 Est; Revenues
    $9.95B vs $9.45B Est
  • Cheniere Energy (NYSE: LNG) Gains US Approval for Gas-Export Terminal

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 58 points.
  • U.S. Dollar trades about 0.06% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.87%, Germany's DAX advanced 1.19% and France's CAC 40 gained 1.47% on the session.
  • Asian stocks ended the session lower. China's Shanghai fell 0.97%, Japan's Nikkei 225 declined 0.06%, and Hong Kong's Hang Seng slid 0.23%.
  • China March Foreign Direct Investment Drops 6.1%
To see more overseas news, click here.

Upgrades/Downgrades

  • Jefferies & Company Upgrades Newfield Exploration (NYSE: NFX) from Hold to Buy, Raises PT from $38 to $46
  • Jefferies & Company Upgrades Oasis Petroleum (NYSE: OAS) from Hold to Buy, Raises PT from $31 to $42
To see more of today's upgrades, click here.

  • Goldman Sachs Downgrades First Solar (NASDAQ: FSLR) from Buy to Neutral, Announces PT of $24
  • Goldman Sachs Downgrades Infosys Technologies (NASDAQ: INFY) from Buy to Neutral
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 a.m. ET - Building Permits
  • 08:30 - Housing Starts
  • 09:00 - Interest Rate Decision
  • 09:15 - Industrial Production (MoM)
  • 09:15 - Capacity Utilization Rate
  • 11:30 - 4-Week Bill Auction
To see more economic news, click here

Earnings

  • Goldman Sachs (NYSE: GS) Reports Q1 EPS $3.92 vs $3.55 Est; Revenues
    $9.95B vs $9.45B Est
  • State Street (NYSE: STT)Reports Q1 EPS $0.84 May Not Compare vs $0.87 Est; Revenues $2.42B vs $2.33B Est
  • Omnicom Group (NYSE: OMC) Reports Q1 EPS $0.72 vs $0.69 Est; Revenues $3.31B vs $3.29B Est
  • Comerica (NYSE: CMA) Reports Q1 EPS $0.66 May Not Compare vs $0.55 Est
  • US Bancorp (NYSE: USB) Reports Q1 EPS $0.67 vs $0.64 Est
To see more earnings announcements, click here.

Corporate News

  • Cheniere Energy (NYSE: LNG) Gains US Approval for Gas-Export Terminal
  • BioDelivery Sciences (NASDAQ: BDSI) Awarded Patent Resulting in $15 Million Milestone Payment
To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.42%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.80%
  • Natural Gas futures are trading 0.74% lower and copper is trading higher by about 0.03%
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 1381 1372 1366 1357 1351
Gold 1669 1661 1651 1644 1634
Crude 104.35 103.76 102.78 102.20 101.21
Natural Gas 2.05 2.03 1.99 1.97 1.94
EUR/USD 1.3246 1.3193 1.3094 1.3040 1.2941
US Dollar Index 80.58 80.14 79.90 79.47 79.23


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