Financial Breakfast: Morning News Summary for May 15, 2012

Benzinga's Top News

• Home Depot Reports HD Q1 EPS $0.65 vs $0.65 Est; Revenues $17.8B vs $17.93B Est
• Arctic Cat ACAT Reports Q4 EPS $-0.49 vs $-0.56 Est; Revenues $98.5M vs $92.71M Est
• Coty Withdraws Proposal For Avon AVP

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade up about 47 points.
• U.S. Dollar trades about 0.01% higher.
To see more pre-market news, click here.

Overseas Trading

• European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.10%, Germany's DAX added 0.05% and France's CAC 40 advanced 0.44% on the session.
• Asian stocks ended the session mixed as well. China's Shanghai slid 0.25%, Japan's Nikkei 225 fell 0.81%, and Hong Kong's Hang Seng added 0.81%.
To see more overseas news, click here.

Upgrades/Downgrades

• Bank of America Upgrades Juniper Networks JNPR from Neutral to Buy, Raises PO from $24 to $25
• Bank of America Upgrades Flextronics International FLEX from Neutral to Buy, Raises PO from $7.5 to $8.5
To see more of today's upgrades, click here.
• Jefferies & Company Downgrades Xcel Energy XEL from Buy to Hold, Lowers PT from $30 to $29
• Deutsche Bank Downgrades Aon AON from Buy to Hold, Lowers PT from $55 to $52
To see more of today's downgrades, click here.

On the Economic Calendar

• 08:30 - a.m. ET - NY Empire State Manufacturing Index
• 08:30 - CPI
• 08:30 - Retail Sales (MoM)
• 08:55 - Redbook (MoM)
• 09:00 - US Foreign Buying, T-bonds
• 09:00 - Overall Net Capital Flow
• 09:00 - TIC Net Long-Term Transactions
• 10:00 - Business Inventories (MoM)
• 10:00 - NAHB Housing Market Index
• 11:30 - 4-Week Bill Auction
To see more economic news, click here

Earnings

• Home Depot Reports HD Q1 EPS $0.65 vs $0.65 Est; Revenues $17.8B vs $17.93B Est
• Arctic Cat ACAT Reports Q4 EPS $-0.49 vs $-0.56 Est; Revenues $98.5M vs $92.71M Est
• A123 SYSTEMS AONE Reports Q1 EPS $-0.87 vs $-0.39 Est; Revenues $10.9M vs $18.39M Est
To see more earnings announcements, click here.

Corporate News

• The J. M. Smucker SJM Announces Coffee Price Decreases
• Coty Withdraws Proposal For Avon AVP
To see more corporate news, click here.

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.05%
• Energy futures are trading lower, with crude oil posting early losses of about 0.01%
• Natural Gas futures are trading 0.37% lower and copper is trading lower by about 0.42%
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	1353	1343	1338	1329	1323
Gold	1591	1574	1564	1547	1537
Crude	96.62	95.36	94.50	93.24	92.38
Natural Gas	2.55	2.48	2.45	2.38	2.34
EUR/USD	1.2922	1.2872	1.2845	1.2796	1.2770
US Dollar Index	81.08	80.97	80.75	80.64	80.42



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