Financial Breakfast: Morning News Summary for April 25, 2012

Benzinga's Top News

• Eli Lilly LLY Reports Q1 EPS $0.92 vs $0.79 Est; Revenues $5.6B vs $5.35B Est
• Sprint Nextel S Reports Q1 EPS $-0.29 vs $-0.41 Est; Revenues $8.73B vs $8.72B Est
• Northrop Grumman NOC Reports Q1 EPS $1.88 vs $1.59 Est; Revenues $6.2B vs $6.25B Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 70 points.
• U.S. Dollar trades about 0.14% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.21%, Germany's DAX gained 1.42% and France's CAC 40 advanced 1.87% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 0.74%, Japan's Nikkei 225 gained 0.98%, and Hong Kong's Hang Seng slid 0.15%.

Upgrades/Downgrades

• Deutsche Bank Upgrades Buffalo Wild Wings BWLD from Hold to Buy, Maintains PT at $100
• Bank of America Upgrades Dominos Pizza DPZ from Underperform to Neutral, Raises PO from $34 to $38

• Morgan Stanley Downgrades Progressive PGR from Equal-weight to Underweight, Removes PT
• Piper Jaffray Downgrades Inphi IPHI from Overweight to Neutral, Lowers PT from $18 to $12

On the Economic Calendar

• 08:30 a.m. ET - Durable Goods Orders (MoM)
• 10:30 - Gasoline Inventories
• 10:30 - Crude Oil Inventories
• 12:30 - Interest Rate Decision
• 12:30 - FOMC Statement
• 13:00 - 5-Year Note Auction
• 14:15 - Fed Chairman Bernanke Speaks

Earnings

• Eli Lilly LLY Reports Q1 EPS $0.92 vs $0.79 Est; Revenues $5.6B vs $5.35B Est
• Sprint Nextel S Reports Q1 EPS $-0.29 vs $-0.41 Est; Revenues $8.73B vs $8.72B Est
• Northrop Grumman NOC Reports Q1 EPS $1.88 vs $1.59 Est; Revenues $6.2B vs $6.25B Est
• AutoNation AN Reports Q1 EPS $0.56 vs $0.53 Est; Revenues $3.7B vs $3.60B Est
• Penske Automotive Group PAG Reports Q1 EPS $0.55 vs $0.47 Est; Revenues $3.2B vs $3.12B Est
• Thermo Fisher Scientific TMO Reports Q1 EPS $1.17 vs $1.11 Est; Revenues $3.1B vs $2.98B Est

Corporate News

• DuPont DD Announces 5% Dividend Increase to $0.43/Share

Commodities

• Precious metals are trading flat
• Energy futures are trading higher, with crude oil posting early gains of about 0.56%
• Natural Gas futures are trading 1.11% lower and copper is trading higher by about 1.05%

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	1377	1373	1367	1363	1357
Gold	1657	1649	1642	1634	1626
Crude	104.87	104.33	103.56	103.02	102.25
Natural Gas	2.05	2.01	1.99	1.95	1.93
EUR/USD	1.3256	1.3226	1.3187	1.3157	1.3118
US Dollar Index	79.61	79.44	79.31	79.15	79.02

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