Financial Breakfast: Morning News Summary for May 25, 2012

Benzinga's Top News

• CME Group CME Announces Five-for-One Stock Split
• Bank of America BAC Enters Into Agreement to Sell Remaining Interest in Archstone for $1.58B

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 5 points.
• U.S. Dollar trades about 0.32% lower.

Overseas Trading

• European markets are mixed in afternoon trading. Britain's FTSE 100 fell 0.33%, Germany's DAX advanced 0.15% and France's CAC 40 slid 0.27% on the session.
• Asian stocks ended the session mixed as well. China's Shanghai slid 0.72%, Japan's Nikkei 225 added 0.20%, and Hong Kong's Hang Seng gained 0.25%.

Upgrades/Downgrades

• Deutsche Bank Upgrades Siemens SI from Hold to Buy, Raises PT from $80 to $85
• Citigroup Upgrades Carters CRI from Neutral to Buy, Raises PT from $54 to $62

• Jefferies & Company Downgrades HJ Heinz HNZ from Buy to Hold, Lowers PT from $60 to $56
• Goldman Sachs Reduces PT to $64 from $70 on Tiffany & Co TIF on Difficult Macro Environment

On the Economic Calendar

• 09:55 a.m. ET - Michigan Consumer Sentiment

Earnings

• Yesterday, Post POST Reported Q2 EPS $0.39 vs $0.50 Est; Revs $250.5M vs $248.3M Est
• Yesterday, rue21 RUE Reports Q1 EPS $0.46 vs $0.43 Est; Revenues $205.6M vs $204.10M Est
• Yesterday, VeriFone Systems PAY Reports Q2 EPS $0.64 vs $0.61 Est; Revenues $472M vs $471.82M Est

Corporate News

• CME Group CME Announces Five-for-One Stock Split
• Bank of America BAC Enters Into Agreement to Sell Remaining Interest in Archstone for $1.58B

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.41%
• Energy futures are trading higher, with crude oil posting early gains of about 0.43%
• Natural Gas futures are trading 1.2% lower and copper is trading higher by about 0.74%

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	1335	1329	1317	1311	1300
Gold	1588	1573	1562	1546	1535
Crude	92.41	91.60	90.70	89.89	88.99
Natural Gas	2.79	2.72	2.67	2.60	2.55
EUR/USD	1.2659	1.2595	1.2555	1.2491	1.2450
US Dollar Index	82.86	82.64	82.32	82.10	81.78

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