Financial Breakfast: Morning News Summary for April 20, 2012

Benzinga's Top News

• German Ifo Business Climate Index and UK Retail Sales Reported better than Estimates
• General Electric GE Reports Q1 EPS $0.34 vs $0.33 Est; Revenues $35.18B vs $34.66B Est
• Under Armour UA Reports Q1 EPS $0.28 vs $0.24 Est; Revenues $384.4M vs $379.97M Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 62 points.
• U.S. Dollar trades about 0.37% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.27%, Germany's DAX gained 0.96% and France's CAC 40 advanced 0.50% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 1.17%, Japan's Nikkei 225 slid 0.28%, and Hong Kong's Hang Seng gained 0.07%.
• German Ifo Business Climate Index and UK Retail Sales Reported better than Estimates

Upgrades/Downgrades

• JP Morgan Upgrades Brown & Brown BRO from Neutral to Overweight, Raises PT from $26 to $30
• Goldman Sachs Upgrades TransDigm TFG from Neutral to Buy, Raises PT from $137 to $144

• Cantor Fitzgerald Downgrades Riverbed Technology RVBD from Buy to Hold, Lowers PT from $32 to $27
• Goldman Sachs Downgrades Lumber Liquidators LL from Buy to Neutral, Maintains PT at $25

On the Economic Calendar

No Major Economic Events Today

Earnings

• General Electric GE Reports Q1 EPS $0.34 vs $0.33 Est; Revenues $35.18B vs $34.66B Est
• Johnson Controls JCI Reports Q2 EPS $0.53 vs $0.53 Est; Revenues $10.6B vs $10.57B Est
• Schlumberger SLB Reports Q1 EPS $0.98 vs $0.98 Est; Revenues $10.61B vs $10.57B Est
• Kimberly-Clark KMB Reports Q1 EPS $1.24 vs $1.17 Est; Revenues $5.2B vs $5.04B Est
• Under Armour UA Reports Q1 EPS $0.28 vs $0.24 Est; Revenues $384.4M vs $379.97M Est

Corporate News

• Provident Financial PROV Announces Stock Repurchase Plan of up to 5% of Common Stock

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.17%
• Energy futures are trading higher, with crude oil posting early gains of about 0.57%
• Natural Gas futures are trading 0.42% higher 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	1400	1386	1378	1362	1351
Gold	1667	1655	1643	1632	1619
Crude	104.49	103.78	102.96	102.25	101.43
Natural Gas	1.99	1.94	1.92	1.88	1.85
EUR/USD	1.3220	1.3178	1.3123	1.3081	1.3027
US Dollar Index	80.19	79.94	79.73	79.49	79.26

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