Financial Breakfast: Morning News Summary for February 3, 2012

The bank of North America in Philadelphia was chartered as the nations first "real" bank in 1781.

Benzinga's Top News

• Booz Allen Hamilton BAH Reports Q3 EPS $0.40 vs $0.39 Est; Revenues $1.44B vs $1.47B Est
• Weyerhaeuser WY Reports Q4 EPS $0.14 vs $0.06 Est; Revenues $1.6B vs $1.59B Est
• Threshold Pharmaceuticals THLD and Merck KGaA Announce Global Agreement to Co-Develop and Commercialize Phase 3 Hypoxia-Targeted Drug TH-302

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 20 points.
• U.S. Dollar trades about 0.08% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.39%, Germany's DAX gained 0.23% and France's CAC 40 advanced 0.26% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 0.77%, Japan's Nikkei 225 lost 0.51%, and Hong Kong's Hang Seng advanced 0.08%.

Upgrades/Downgrades

• Bank of America Upgrades Dendreon DNDN to Neutral
• Morgan Stanley Upgrades National Oilwell Varco NOV to Overweight

• Jefferies Downgrades Research In Motion RIMM to Underperform
• Goldman Sachs Downgrades Airgas ARG to Neutral

On the Economic Calendar

• Nonfarm Payrolls and the Unemployment Rate is set to report at 8:30 a.m. ET
• ISM Non-Manufacturing Index and Factory Orders are due at 10:00 a.m.

Earnings

• Booz Allen Hamilton BAH Reports Q3 EPS $0.40 vs $0.39 Est; Revenues $1.44B vs $1.47B Est
• Weyerhaeuser WY Reports Q4 EPS $0.14 vs $0.06 Est; Revenues $1.6B vs $1.59B Est
• Spectrum Brands SPB Holdings Reports Q1 EPS $0.69 vs $0.61 Est; Sales $848.8M vs $880.6M Est

Corporate News

• Threshold Pharmaceuticals THLD and Merck KGaA Announce Global Agreement to Co-Develop and Commercialize Phase 3 Hypoxia-Targeted Drug TH-302
• WisdomTree WETF Prices of Public Offering 14.36M Shares at $5.61

Commodities

• Precious metals are trading higher, with gold posting gains of about 0.04%
• Energy futures are trading higher, with crude oil posting gains of about 0.15%
• Natural Gas futures are lower by about 2.7% and copper is trading higher by about 0.5%

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	1330	1326	1321	1317	1312
Gold	1776	1769	1756	1748	1735
Crude	99.23	97.91	96.57	95.36	94.13
Natural Gas	2.74	2.65	2.49	2.40	2.24
EUR/USD	1.3246	1.3194	1.3139	1.3087	1.3032
US Dollar Index	79.54	79.31	79.10	78.85	78.61

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