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Financial Breakfast: Morning News Summary for June 22, 2012

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Friday, June 22, 2012

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

Benzinga's Top News

  • Darden Restaurants (NYSE: DRI) Reports Q4 EPS $1.15 vs $1.15 Est; Revenues $2.07B vs $2.11B Est
  • Monster Beverage (NASDAQ: MNST) Joins S&P500, Replacing Sara Lee (NYSE: SLE)
  • Yesterday, Moody's Investors Service Lowered The Credit Ratings of 15 Banks.

Domestic Pre-Market Trading

  • U.S. Equity Markets trade up as Dow futures trade higher about 58 points.
  • U.S. Dollar trades about 0.02% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.79%, Germany's DAX fell 0.60% and France's CAC 40 slid 0.36% on the session.
  • Asian stocks ended the session lower as well. China's Shanghai fell 1.35%, Japan's Nikkei 225 added 0.29%, and Hong Kong's Hang Seng slid 1.40%.
  • Brazil and China Agree to $30 billion-Currency Swap Deal
To see more overseas news, click here.

Upgrades/Downgrades

  • Piper Jaffray Upgrades The Fresh Market (NYSE: TFM) from Neutral to Overweight, Announces PT of $60
To see more of today's upgrades, click here.

  • McAdams Wright Ragen Downgrades Nike (NYSE: NKE) from Hold to Sell, Removes PT
To see more of today's downgrades, click here.

On the Economic Calendar

    No Major Economic Releases Today
To see more economic news, click here

Earnings

  • Darden Restaurants (NYSE: DRI) Reports Q4 EPS $1.15 vs $1.15 Est; Revenues $2.07B vs $2.11B Est
To see more earnings announcements, click here.

Corporate News

  • Repligen (NASDAQ: RGEN) Receives CRL; FDA Determined More Clinical Efficacy, Safety Trial Data Will Be Required
  • Monster Beverage (NASDAQ: MNST) Joins S&P500, Replacing Sara Lee (NYSE: SLE)
  • Yesterday, Moody's Investors Service Lowered The Credit Ratings of 15 Banks.
  • Yesterday, Ryder (NYSE: R) Cut Forecast; Guided Q2 EPS $0.90-0.95 Had Seen $1.07-1.12; FY EPS to $3.65-3.85, Had Seen $4.02-4.12
To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.19%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.45%
  • Natural Gas futures are trading 0.12% higher and copper is trading lower by about 0.59%
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 1365 1341 1329 1306 1293
Gold 1619 1592 1578 1551 1538
Crude 82.11 80.04 78.98 76.91 75.85
Natural Gas 2.70 2.64 2.57 2.50 2.44
EUR/USD 1.2756 1.2647 1.2589 1.2480 1.2421
US Dollar Index 83.23 82.89 82.28 81.94 81.33


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Latest Ratings for DRI

DateFirmActionFromTo
Sep 2019MaintainsMarket Perform
Aug 2019Initiates Coverage OnNeutral
Jul 2019Initiates Coverage OnOverweight

View More Analyst Ratings for DRI
View the Latest Analyst Ratings

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