Financial Breakfast: Morning News Summary for May 4, 2012

Benzinga's Top News

GeoEye GEOY Proposes Acquisition Of DigitalGlobe DGI for $17/Share

Duke Energy DUK Reports Q1 EPS $0.38 vs $0.37 Est; Revenues $3.63B vs $3.60B Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 12 points.
• U.S. Dollar trades about 0.06% higher.

Overseas Trading

• European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.50%, Germany's DAX fell 0.29% and France's CAC 40 added 0.11% on the session.
• Asian stocks ended the session mixed as well. China's Shanghai added 0.50%, Japan's Nikkei 225 gained 0.31%, and Hong Kong's Hang Seng slid 0.77%.

Upgrades/Downgrades

• JP Morgan Upgrades Whole Foods Market WFM from Neutral to Overweight, Raises PT from $77 to $105
• Goldman Sachs Upgrades Health Net HNT from Neutral to Buy, Maintains PT at $35

• Deutsche Bank Downgrades Mednax MD from Buy to Hold, Lowers PT from $81 to $73
• Versant Partners Downgrades Open Text OTEX from Buy to Neutral, Lowers PT from $70 to $62

On the Economic Calendar

• 08:30 a.m. ET - Private Nonfarm Payrolls
• 08:30 - Nonfarm Payrolls
• 08:30 - Unemployment Rate

Earnings

• Duke Energy DUK Reports Q1 EPS $0.38 vs $0.37 Est; Revenues $3.63B vs $3.60B Est
• PPL PPL Reports Q1 EPS $0.70 vs $0.66 Est; Revenues $4.11B May Not Compare vs $3.14B Est
• Exelis XLS Reports Q1 EPS $0.47 vs $0.42 Est; Revenues $1.4B vs $1.34B Es
• Church & Dwight CHD Reports Q1 EPS $0.66 vs $0.61 Est; Revenues $690.6M vs $672.96M Est

Corporate News

• GeoEye GEOY Proposes Acquisition Of DigitalGlobe DGI for $17/Share

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.10%
• Energy futures are trading lower, with crude oil posting early losses of about 1.32%
• Natural Gas futures are trading 0.04% lower and copper is trading higher by about 0.29%

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	1409	1397	1391	1379	1372
Gold	1657	1646	1639	1628	1620
Crude	106.35	104.40	103.38	101.42	100.41
Natural Gas	2.44	2.39	2.32	2.27	2.21
EUR/USD	1.3226	1.3189	1.3141	1.3104	1.3057
US Dollar Index	79.70	79.48	79.30	79.10	78.93

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