Financial Breakfast: Morning News Summary for April 30, 2012

Benzinga's Top News

• Energy Transfer Partners ETP to Acquire Sunoco SUN in $5.3 Billion Transaction
• Hologic HOLX to Acquire Gen-Probe GPRO for $82.75/Share
• Barnes & Noble BKS and Microsoft MSFT Form Strategic Partnership

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 3 points.
• U.S. Dollar trades about 0.16% higher.

Overseas Trading

• European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.34%, Germany's DAX gained 0.16% and France's CAC 40 fell 0.67% on the session.
• Asian stocks ended the session mixed as well. China's Shanghai slid 0.35%, Japan's Nikkei 225 fell 0.43%, and Hong Kong's Hang Seng added 1.7%.

Upgrades/Downgrades

• JP Morgan Upgrades SandRidge Energy SD from Neutral to Overweight, Raises PT from $9.5 to $13
• Dougherty & Company Upgrades Taser International TASR from Neutral to Buy, Raises PT from $4.5 to $5.5

• Jefferies & Company Downgrades PPL PPL from Buy to Hold, Lowers PT from $31.5 to $27.5
• Dougherty & Company Downgrades MIPS Technologies MIPS from Buy to Neutral, Maintains PT at $6

On the Economic Calendar

• 08:30 a.m. ET - Core PCE Price Index (MoM)
• 08:30 - Personal Spending (MoM)
• 08:30 - Personal Income (MoM)
• 09:45 - Chicago PMI
• 10:00 - Dallas Fed Mfg Business Index
• 11:30 - 6-Month Bill Auction
• 11:30 - 3-Month Bill Auction
• 16:30 - FOMC Member Fisher Speaks

Earnings

• Watson Pharmaceuticals WPI Reports Q1 EPS $1.64 vs $1.6 Est; Revenues $1.52B vs $1.48B Est
• Waddell & Reed Financial WDR Reports Q1 EPS $0.55 vs $0.49 Est; Revenues $307M vs $303.53M Est
• Loews L Reports Q1 EPS $0.92 vs $0.9 Est; Revenues $3.74B
• Humana HUM Reports Q1 EPS $1.49 vs $1.53 Est; Revenues $10.22B vs $10.09B Est

Corporate News

• Energy Transfer Partners ETP to Acquire Sunoco SUN in $5.3 Billion Transaction
• Hologic HOLX to Acquire Gen-Probe GPRO for $82.75/Share
• Barnes & Noble BKS and Microsoft MSFT Form Strategic Partnership
• Anderson Family Proposes Transaction to Acquire 100% of Public Interest in Books-A-Million BAMM for $3.05/Share

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.11%
• Energy futures are trading lower, with crude oil posting early losses of about 0.6%
• Natural Gas futures are trading 0.64% lower and copper is trading lower by about 0.22%

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	1412	1405	1396	1389	1379
Gold	1678	1670	1660	1653	1643
Crude	105.78	105.29	104.52	104.03	103.26
Natural Gas	2.25	2.22	2.16	2.13	2.07
EUR/USD	1.3338	1.3295	1.3226	1.3182	1.3182
US Dollar Index	79.55	79.16	78.95	78.54	78.32

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