Financial Breakfast: Morning News Summary for January 24, 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

• Coach COH Reports Q2 EPS $1.18 vs $1.15 Est; Revenues $$1.45B vs $1.43B Est
• Harley-Davidson HOG Reports Q4 Cont Ops EPS $0.24 vs $0.23 Est; Revenues $1.03B vs $1.01B Est
• DuPont DD Reports Q4 EPS $0.35 vs $0.33 Est; Revenues $8.77B vs $8.53B Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 52 points.
• U.S. Dollar trades about 0.17% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.93%, Germany's DAX slid 1.25% and France's CAC 40 fell 1.26% on the session.
• Asian stocks ended the session higher. China's Shanghai advanced 1.03%, Japan's Nikkei 225 added 0.22%, and Hong Kong's Hang Seng closed till Wednesday, Lunar New Year.

Upgrades/Downgrades

• Deutsche Bank upgrades Bed Bath & Beyond BBBY to Buy
• Goldman Sachs upgrades Ternium S.A. TX to Buy

• Goldman Sachs downgrades Plains Exploration and Production PXP to Neutral
• Deutsche Bank downgrades Inhibitex INHX to Hold

On the Economic Calendar

• Richmond Fed Manufacturing Index is set to report at 10:00 a.m. ET

Earnings

• Coach COH Reports Q2 EPS $1.18 vs $1.15 Est; Revenues $$1.45B vs $1.43B Est
• Harley-Davidson HOG Reports Q4 Cont Ops EPS $0.24 vs $0.23 Est; Revenues $1.03B vs $1.01B Est
• DuPont DD Reports Q4 EPS $0.35 vs $0.33 Est; Revenues $8.77B vs $8.53B Est
• EMC EMC Reports Q4 EPS $0.49 vs $0.46 Est; Revenues $5.6B vs $5.49B Est
• Air Products & Chemicals APD Reports Q1 EPS $1.36 vs $1.36 Est; Revenues $2.42B vs $2.53B Est

Corporate News

• Nevada Gold UWN Receives South Dakota Gaming License
• Watson WPI Acquires Ascent Pharmahealth for AU$375M
• AK Steel AKS Announces Stainless Steel Price Increase by $0.04/Pound

Commodities

• Precious metals are trading lower, with gold posting losses of about 0.58%
• Energy futures are trading lower, with crude oil posting losses of about 0.30%
• Natural Gas futures are higher by about 2.1% and copper is trading lower by about 0.92%

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	1324	1318	1311	1304	1298
Gold	1690	1683	1675	1668	1659
Crude	101.90	100.92	99.30	98.28	96.62
Natural Gas	2.86	2.72	2.47	2.33	2.09
EUR/USD	1.3150	1.3083	1.2983	1.2916	1.2816
US Dollar Index	80.88	80.41	80.08	79.61	79.28

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