Financial Breakfast: Morning News Summary for June 27, 2012

Benzinga's Top News

General Mills GIS Reports Q4 EPS $0.60 vs $0.59 Est; Revenues $4.1B vs $4.11B Est

Reports Yesterday State Best Buy BBY Founder Exploring Buyout

Domestic Pre-Market Trading

• U.S. Equity Markets trade up as Dow futures trade higher about 4 points.
• U.S. Dollar trades about 0.04% higher.

Overseas Trading

• European markets are slightly higher in afternoon trading. Britain's FTSE 100 added 0.36%, Germany's DAX gained 0.34% and France's CAC 40 advanced 0.48% on the session.
• Asian stocks ended the session mixed. China's Shanghai fell 0.24%, Japan's Nikkei 225 advanced 0.77%, and Hong Kong's Hang Seng added 1.03%.

Upgrades/Downgrades

• The Benchmark Company Upgrades Valueclick VCLK from Hold to Buy, Maintains PT at $20

• Citigroup Downgrades Nordstrom JWN from Buy to Neutral, Lowers PT from $63 to $52

On the Economic Calendar

• 08:30 a.m. ET - Durable Goods Orders (MoM)
• 10:00 - Pending Home Sales (MoM)
• 10:30 - Crude Oil Inventories
• 10:30 - Gasoline Inventories
• 13:00 - 5-Year Note Auction

Earnings

• General Mills GIS Reports Q4 EPS $0.60 vs $0.59 Est; Revenues $4.1B vs $4.11B Est
• Lennar LEN Reports Q2 EPS $0.21 vs $0.17 Est; Revenues $930.2M vs $885.71M Est
• McCormick MKC Reports Q2 EPS $0.60 vs $0.60 Est; Revenues $984M vs $969.79M Est

Corporate News

• Reports Yesterday State Best Buy BBY Founder Exploring Buyout
• Yahoo! YHOO and Spotify Announce Global Content Distribution and Promotion Deal
• United Therapeutics UTHR Announces Additional $100 Million Share Repurchase Program

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.32%
• Energy futures are trading higher, with crude oil posting early gains of about 0.01%
• Natural Gas futures are trading 1.43% higher and copper is trading lower by about 0.08%

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	1327	1322	1312	1307	1297
Gold	1595	1584	1576	1565	1557
Crude	80.46	79.91	79.14	78.59	77.82
Natural Gas	2.86	2.82	2.74	2.70	2.62
EUR/USD	1.2577	1.2536	1.2489	1.2447	1.2399
US Dollar Index	83.03	82.77	82.59	82.34	82.16

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