Financial Breakfast: Morning News Summary for June 6, 2012

Benzinga's Top News

Coinstar CSTR and Seattle's Best Coffee SBUX Sign Exclusive Agreement to Roll Out Thousands of the New Kiosks

UnitedHealth UNH Board Increases Shareholder Dividend; Renews Share Repurchase Program

Tempur-Pedic TPX Lowers Full Year Guidance, Sales $1.43B vs $1.65B Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade up as Dow futures trade higher about 110 points.
• U.S. Dollar trades about 0.32% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 gained 1.4%, Germany's DAX advanced 1.68% and France's CAC 40 added 2.02% on the session.
• Asian stocks ended the session mixed. China's Shanghai slid 0.10%, Japan's Nikkei 225 gained 1.81%, and Hong Kong's Hang Seng advanced 1.43%.

Upgrades/Downgrades

• Goldman Sachs Upgrades Lam Research LRCX from Not Rated to Neutral, Announces PT of $38
• Credit Suisse Upgrades Southwestern Energy SWN from Underperform to Neutral, PT Raised from $25 to $29

• Jefferies & Company Downgrades Rackspace Hosting RAX from Buy to Hold, Lowers PT from $64 to $54
• Bank of America Downgrades Sherwin-Williams SHW from Neutral to Underperform, Raises PO from $120 to $122

On the Economic Calendar

• 08:30 a.m. ET - Unit Labor Costs (QoQ)
• 08:30 - Nonfarm Productivity (QoQ)
• 10:30 - Gasoline Inventories
• 10:30 - Crude Oil Inventories
• 14:00 - Beige Book

Earnings

• Cyberonics CYBX Reports Q4 EPS $0.38 vs $0.35 Est; Revenues $57.6M vs $56.61M Est
• Tempur-Pedic TPX Lowers Full Year Guidance, Sales $1.43B vs $1.65B Est

Corporate News

• Coinstar CSTR and Seattle's Best Coffee SBUX Sign Exclusive Agreement to Roll Out Thousands of the New Kiosks
• UnitedHealth UNH Board Increases Shareholder Dividend; Renews Share Repurchase Program
• Dr. Reddy's Laboratories RDY and Merck Serono Announce Collaboration to Develop and Commercialize Biosimilars

Commodities

• Precious metals are trading higher, with gold posting early gains of about 1.35%
• Energy futures are trading higher, with crude oil posting early gains of about 1.41%
• Natural Gas futures are trading 0.65% lower and copper is trading higher by about 2.3%

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	1299	1292	1279	1273	1260
Gold	1629	1623	1618	1612	1606
Crude	85.70	84.88	84.10	83.28	82.50
Natural Gas	2.53	2.48	2.43	2.39	2.34
EUR/USD	1.2584	1.2516	1.2463	1.2397	1.2343
US Dollar Index	83.36	83.11	82.77	82.50	82.18

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