Financial Breakfast: Morning News Summary for April 24, 2012

Benzinga's Top News

• AT&T T Reports Q1 EPS $0.60 vs $0.57 Est; Revenues $31.8B vs $31.85B Est
• United Technologies UTX Reports Q1 EPS $1.31 vs $1.20 Est; Revenues $12.42B vs $12.7B Est
• Baker Hughes BHI Reports Q1 EPS $0.86 vs $0.8 Est; Revenues $5.36B vs $5.25B Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 39 points.
• U.S. Dollar trades about 0.18% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.42%, Germany's DAX gained 0.73% and France's CAC 40 advanced 1.18% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 0.02%, Japan's Nikkei 225 fell 0.78%, and Hong Kong's Hang Seng gained 0.26%.

Upgrades/Downgrades

• JP Morgan Upgrades AutoZone AZN from Neutral to Overweight, Raises PT from $405 to $435
• JP Morgan Upgrades Rambus RMBS from Neutral to Overweight, Maintains PT at $6.5

• Jefferies & Company Downgrades Clearwire CLWR from Buy to Hold, Lowers PT from $4 to $2
• Wunderlich Securities Downgrades Riverview Bancorp RVSB from Hold to Sell, Lowers PT from $2 to $1

On the Economic Calendar

• 08:55 a.m. ET - Redbook (MoM)
• 09:00 - S&P/CS Home Price Indices Composite - 20 (YoY)
• 10:00 - New Home Sales
• 10:00 - House Price Index (MoM)
• 10:00 - Richmond Manufacturing Index
• 10:00 - CB Consumer Confidence

Earnings

• AT&T T Reports Q1 EPS $0.60 vs $0.57 Est; Revenues $31.8B vs $31.85B Est
• United Technologies UTX Reports Q1 EPS $1.31 vs $1.20 Est; Revenues $12.42B vs $12.7B Est
• Baker Hughes BHI Reports Q1 EPS $0.86 vs $0.8 Est; Revenues $5.36B vs $5.25B Est
• Air Products & Chemicals APD Reports Q2 EPS $1.31 vs $1.33 Est; Revenues $2.34B vs $2.43B Est
• Coach COH Reports Q3 EPS $0.77 vs $0.75 Est; Revenues $1.11B vs $1.10B Est
• RadioShack RSH Reports Q1 EPS $-0.06 vs $0.05 Est; Revenues $1.01B vs $1.06B Est

Corporate News

• Compugen Ltd CGEN today reported the initial validation of two additional therapeutic product candidates, CGEN-15031 and CGEN-15051, in animal models of autoimmune diseases. To read the full news, click here.

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.47%
• Energy futures are trading higher, with crude oil posting early gains of about 0.01%
• Natural Gas futures are trading 0.70% lower and copper is trading higher by about 1.06%

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	1382	1372	1363	1353	1344
Gold	1655	1647	1635	1627	1615
Crude	104.93	104.00	102.91	101.98	100.89
Natural Gas	2.08	2.05	1.99	1.95	1.88
EUR/USD	1.3243	1.3199	1.3151	1.3106	1.3059
US Dollar Index	79.95	79.70	79.53	79.28	79.11

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