Financial Breakfast: Morning News Summary for February 1, 2012

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Benzinga's Top News

• Thermo Fisher Scientific TMO Reports Q4 EPS $1.18 vs $1.15 Est; Revenues $3.13B vs $3.08B Est
• AOL AOL Reports Q4 EPS $0.23 vs $0.16 Est; Revenues $576.8M vs $572.9M Est
• NYSE Euronext NYX Statement on EU Decision to Prohibit Merger; Announces Resumption of $550M Stock Repurchase Program

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 83 points.
• U.S. Dollar trades about 0.28% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 1.3%, Germany's DAX gained 1.9% and France's CAC 40 advanced 1.5% on the session.
• Asian stocks ended the session mixed. China's Shanghai lost 1.04%, Japan's Nikkei 225 gained 0.01%, and Hong Kong's Hang Seng slid 0.28%.

Upgrades/Downgrades

• JP Morgan Resumes Validus VR at Overweight
• Bank of America Upgrades Cemex CX to Buy

• Bank of America Downgrades Quicksilver Resources KWK to Underperform
• Citigroup Downgrades T Rowe Price TROW to Sell

On the Economic Calendar

• MBA Mortgage Applications came in at -2.9% from a -5.0% prior reading
• ADP Employment Change is set to report at 8:15 a.m. ET
• Construction Spending, ISM Manufacturing & Prices Paid is due at 10:00 a.m.

Earnings

• Whirlpool WHR Reports Q4 EPS $2.62 May Not Compare vs $1.96 Est; Revenues $4.9B vs $4.98B Est
• Thermo Fisher Scientific TMO Reports Q4 EPS $1.18 vs $1.15 Est; Revenues $3.13B vs $3.08B Est
• AOL AOL Reports Q4 EPS $0.23 vs $0.16 Est; Revenues $576.8M vs $572.9M Est
• Hershey Foods HSY Reports Q4 EPS $0.70 vs $0.70 Est; Revenues $1.57B vs $1.56B Est

Corporate News

• NYSE Euronext NYX Statement on EU Decision to Prohibit Merger; Announces Resumption of $550M Stock Repurchase Program
• Tupperware Brands TUP Increases Quarterly Dividend by 20% to $0.36
• Dendreon DNDN Announces CEO and Chairman Succession Plan; John H. Johnson Elected President, Chief Executive Officer

Commodities

• Precious metals are trading higher, with gold posting gains of about 0.52%
• Energy futures are trading higher, with crude oil posting gains of about 0.68%
• Natural Gas futures are lower by about 3.5% and copper is trading higher by about 0.47%

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	1316	1309	1301	1294
Gold	1762	1750	1739	1727	1715
Crude	102.57	100.43	99.13	97.00	95.71
Natural Gas	2.75	2.60	2.52	2.38	2.30
EUR/USD	1.3284	1.3183	1.3112	1.3011	1.2940
US Dollar Index	80.07	79.74	79.30	79.13	78.52

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