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Financial Breakfast: Morning News Summary for February 15, 2012

Courtesy of Benzinga.

Wednesday, February 15, 2012

This is your Benzinga news summary and trader’s outlook covering headlines from overnight and today’s pre-market session.

Benzinga’s Top News

  • Kellogg (NYSE: K) Announces Agreement to Acquire Procter & Gamble’s (NYSE: PG) Pringles Business for $2.695B
  • Comcast Increases Dividend by 44% and $6.5B in Share Repurchases
  • Comcast (NASDAQ: CMCSA) Reports Q4 EPS $0.47 vs $0.41 Est; Revenues $15.04B vs $14.87B Est
  • Abercrombie & Fitch (NYSE: ANF) Reports Q4 EPS $1.12 vs $1.12 Est; Revenues $1.33B vs $1.33B Est
  • Deere (NYSE: DE) Reports Q1 EPS $1.30 vs $1.23 Est; Revenues $6.77B vs $6.49B Est

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 71 points.
  • U.S. Dollar trades about 0.36% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain’s FTSE 100 added 0.18%, Germany’s DAX gained 1.15% and France’s CAC 40 advanced 1.05% on the session.
  • Asian stocks ended the session higher as well. China’s Shanghai added 0.96%, Japan’s Nikkei 225 advanced 2.3%, and Hong Kong’s Hang Seng gained 2.14%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Benchmark Upgrades Rackspace Hosting (NASDAQ: RAX) to Buy
  • Citigroup Upgrades Williams-Sonoma (NYSE: WSM) to Neutral
To see more of today’s upgrades, click here.

  • Citigroup Downgrades Bed Bath & Beyond (NASDAQ: BBBY) to Neutral
  • Bank of America Downgrades Zynga (NASDAQ: ZNGA) from Neutral to Underperform
To see more of today’s downgrades, click here.

On the Economic Calendar

  • Empire Manufacturing is Set to Report at 8:30 a.m. ET
  • Total TIC Flows are due at 9:00 a.m.
  • Industrial Production and Capacity Utilization are set for 9:15 a.m.
  • FOMC Minutes are to be released at 2:00 p.m.
To see more economic news, click here

Earnings

  • Comcast (NASDAQ: CMCSA) Reports Q4 EPS $0.47 vs $0.41 Est; Revenues $15.04B vs $14.87B Est
  • Abercrombie & Fitch (NYSE: ANF) Reports Q4 EPS $1.12 vs $1.12 Est; Revenues $1.33B vs $1.33B Est
  • Deere (NYSE: DE) Reports Q1 EPS $1.30 vs $1.23 Est; Revenues $6.77B vs $6.49B Est
To see more earnings announcements, click here.

Corporate News

  • Kellogg (NYSE: K) Announces Agreement to Acquire Procter & Gamble’s (NYSE: PG) Pringles Business for $2.695B
  • Comcast Increases Dividend by 44% and $6.5B in Share Repurchases
To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.68%
  • Energy futures are trading higher, with crude oil posting early gains of about 1.15%
  • Natural Gas futures are lower by about 0.63% and copper is trading higher by about 0.61%
To see more commodities news, click here.

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 1360 1353 1345 1339 1331
Gold 1738 1730 1722 1714 1706
Crude 102.59 101.75 101.03 100.23 99.47
Natural Gas 2.65 2.60 2.51 2.46 2.38
EUR/USD 1.3278 1.3205 1.3140 1.3069 1.3006
US Dollar Index 80.17 79.83 79.42 79.08 78.67

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