Financial Breakfast: Morning News Summary for April 26, 2012

Benzinga's Top News

• PepsiCo PEP Reports Q1 EPS $0.69 vs $0.67 Est; Revenues $12.43B vs $12.36B Est
• Dow Chemical DOW Reports Q1 EPS $0.61 vs $0.6 Est; Revenues $14.7B vs $15.01B Est
• Cracker Barrel CBRL Increases Quarterly Dividend 60% to $0.40

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade down about 10 points.
• U.S. Dollar trades about 0.02% lower.

Overseas Trading

• European markets are mixed in afternoon trading. Britain's FTSE 100 added 0.01%, Germany's DAX slid 0.38% and France's CAC 40 fell 0.92% on the session.
• Asian stocks ended the session mixed as well. China's Shanghai slid 0.09%, Japan's Nikkei 225 gained 0.01%, and Hong Kong's Hang Seng added 0.79%.

Upgrades/Downgrades

• Morgan Stanley Upgrades Rockwell Automation ROK from Underweight to Equal-weight, Raises PT from $79 to $83
• Jefferies & Company Upgrades Akamai Technologies AKAM from Hold to Buy, Raises PT from $41 to $42

• JP Morgan Maintains Varian Medical Systems VAR at Overweight, Lowers PT from $75 to $73
• Piper Jaffray Downgrades CNH Global CNH from Overweight to Neutral, Lowers PT from $52 to $51

On the Economic Calendar

• 08:30 a.m. ET - Chicago Fed National Activity
• 08:30 - Continuing Jobless Claims
• 08:30 - Initial Jobless Claims
• 10:00 - Pending Home Sales (MoM)
• 10:30 - Natural Gas Storage
• 11:00 - KC Fed Manufacturing
• 13:00 - 7-Year Note Auction

Earnings

• PepsiCo PEP Reports Q1 EPS $0.69 vs $0.67 Est; Revenues $12.43B vs $12.36B Est
• Dow Chemical DOW Reports Q1 EPS $0.61 vs $0.6 Est; Revenues $14.7B vs $15.01B Est
• L-3 Communications LLL Reports Q1 EPS $2.01 vs $1.88 Est; Revenues $$3.6B vs $3.46B Est
• Tyco International TYC Reports Q2 EPS $0.86 vs $0.79 Est; Revenues $4.4B vs $4.22B Est
• Celgene CELG Reports Q1 EPS $1.08 vs $1.13 Est; Revenues $1.27B vs $1.32B Est
• Potash POT Reports Q1 EPS $0.56 vs $0.63 Est; Revenues $1.75B vs $1.79B Est

Corporate News

• Theragenics TGX Receives FDA Clearance to Market Galt VTI Valved Tearaway Introducer
• Cracker Barrel CBRL Increases Quarterly Dividend 60% to $0.40
• Shire SHPGY Reports Positive Phase 2 Study Met Primary End Point for Investigative Use of Vyvanse

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.39%
• Energy futures are trading lower, with crude oil posting early losses of about 0.14%
• Natural Gas futures are trading 0.09% higher and copper is trading higher by about 1.05%

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	1397	1392	1383	1378	1369
Gold	1662	1653	1639	1631	1616
Crude	105.34	104.65	103.88	103.19	102.42
Natural Gas	2.17	2.12	2.04	2.00	1.92
EUR/USD	1.3271	1.3243	1.3207	1.3180	1.3145
US Dollar Index	79.55	79.35	79.21	79.01	78.87

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