Financial Breakfast: Morning News Summary for January 23, 2012

• The music video for Sleep Now in the Fire by Rage Against the Machine featured the band storming the stock exchange.

Benzinga's Top News

• Halliburton HAL reports Q4 Cont Ops EPS $1.00 vs $0.99 Est; Revenues $7.1B vs $6.83B Est
• International Rectifier IRF lowers Q2 Revs Guidance $229-230M from $240-270M Prior vs $253.5M Est
• Prospect Capital PSEC enter into definitive agreement to sell NRG, Prospect expected to receive up to $114M in cash.

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 22 points.
• U.S. Dollar trades about 0.46% higher.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.65%, Germany's DAX advanced 0.44% and France's CAC 40 gained 0.55% on the session.
• Asian stocks ended the session higher. China's Shanghai advanced 1.03%, Japan's Nikkei 225 lost 0.01%, and Hong Kong's Hang Seng closed till Wednesday, Lunar New Year.

Upgrades/Downgrades

• Deutsche Bank upgrades Research In Motion RIMM to Hold
• JP Morgan upgrades Waters Corporation WAT to Overweight

• J.P. Morgan downgrades McMoRan Exploration MMR to Underweight
• Bank of America downgrades SunTrust Banks STI to Underperform

On the Economic Calendar

No Major Economic Numbers this Morning

Earnings

• Halliburton HAL reports Q4 Cont Ops EPS $1.00 vs $0.99 Est; Revenues $7.1B vs $6.83B Est

Corporate News

• International Rectifier IRF lowers Q2 Revs Guidance $229-230M from $240-270M Prior vs $253.5M Est
• Prospect Capital PSEC enter into definitive agreement to sell NRG, Prospect expected to receive up to $114M in cash.

Commodities

• Precious metals are trading higher, with gold posting gains of about 0.58%
• Energy futures are trading higher, with crude oil posting gains of about 0.93%
• Natural Gas futures are lower by about 2.13% and copper is trading higher by about 1.17%

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	1316	1313	1309	1306	1302
Gold	1681	1674	1659	1652	1637
Crude	102.00	100.19	99.25	97.30	96.22
Natural Gas	2.40	2.36	2.32	2.29	2.25
EUR/USD	1.3033	1.2981	1.2934	1.2882	1.2834
US Dollar Index	80.84	80.59	80.39	80.14	79.94

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