Financial Breakfast: Morning News Summary for December 5, 2011

• The longest period in which the exchange was closed occurred during WW1, when the NYSE was closed for four and a half months starting July 31st, 1914.

Benzinga's Top News

• SAP AG SAP announced on Saturday that it would acquire cloud software maker SuccessFactors, Inc. SFSF for $3.4 billion in cash
• Dollar General Reports Q3 EPS $0.50 vs $0.47 Est; Revenues $3.60B vs $3.57B Est.
• Privately Held Agricultural Giant Cargill to Cut Workforce by 2,000, Citing Weak Global Economy.
• AutoNation, Inc. AN today announced that its retail new vehicle unit sales in November 2011, as reported to the applicable automotive manufacturers, totaled 18,692 an increase of 21% as compared to November 2010.

Domestic Pre-Market Trading

• U.S. Equity Markets trade flat as Dow futures trade about $0.01 lower.
• U.S. Dollar trades about 0.4% higher.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.6%, Germany's DAX gained 0.9 % and France's CAC 40 added 1.37% on the session.
• Asian stocks ended the session mixed. China's Shanghai lost 1.1%, Japan's Nikkei 225 gained 0.6% and Hong Kong's Hang Seng Index added 0.7%.
• Euro Central Bank lending via IMF seen in 100-200B Euro range

Upgrades/Downgrades

• Barclays upgrades DR Horton DHI to Overweight, $16 PT
• Roth Capital upgrades Ariba ARBA to Buy, $36 PT

• Goldman Sachs downgrades MOLX MOLX to Neutral
• Piper Jaffray downgrades Dreamworks DWA to NEutral, PT lowered to $20

On the Economic Calendar

• ISM Non-Farm Composite and Factory Orders are set to report at 10:00 a.m. ET

Earnings

• Hi-Tech Pharmacal Reports Q2 EPS $1.04 vs $0.77 Est; Revenues $56.9M vs $51.4M Est
• Dollar General Reports Q3 EPS $0.50 vs $0.47 Est; Revenues $3.60B vs $3.57B Est

Corporate News

• Western Digital Corp. WDC raised its financial outlook for the December quarter and restarts progress of its operations in Thailand.
• Acadia Healthcare ACHC announced a a public offering of 8.33 million shares.
• GLG Life Tech GLGL announced that the FDA has issued a fourth letter of no objection for its supplement, RebPure 95 stevia extract.

Commodities

• Precious metals are trading lower, with gold posting losses of about 0.1%
• Energy futures are trading higher, with crude oil posting gains of about 0.2%
• Natural Gas futures are higher by about 0.06% and copper is trading higher by about 0.3 %

Benzinga's Morning Radar

Technical Levels for Futures and Forex

Name	Resistance-2	Resistance-1	Mid Pivot	Support-1	Support-2
E-Mini Dow	12241	12121	12058	11938	11875
E-Mini S&P 500	1270	1257	1249	1236	1228
Gold	1775	1762	1753	1740	1731
Crude	102.62	101.87	100.82	100.07	99.02
Natural Gas	3.69	3.64	3.60	3.55	3.52
EUR/USD	1.3620	1.3505	1.3434	1.3318	1.3247
USD/JPY	78.25	78.11	77.93	77.79	77.60
US Dollar Index	79.40	79.07	78.51	78.24	77.74

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