Financial Breakfast: Morning News Summary for February 27, 2012

Benzinga's Top News

• Lowes LOW Reports Q4 EPS $0.29 vs $0.24 Est; Revenues $11.63B vs $11.34B Est
• Motorola Solutions MSI GOOG Purchases Approximately $1.2B of Its Common Stock from Icahn
• Watson WPI CBRX Receives Complete Response Letter from FDA for Progesterone Vaginal Gel 8% Did Not Meet Level of Statistical Significance

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 55 points.
• U.S. Dollar trades about 0.27% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 fell 0.94%, Germany's DAX slid 1.2% and France's CAC 40 lost 1.19% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 0.3%, Japan's Nikkei 225 slid 0.14%, and Hong Kong's Hang Seng fell 0.88%.

Upgrades/Downgrades

• Goldman Sachs Upgrades Walt Disney DIS from Neutral to Buy, Raises PT from $44 to $51
• Credit Suisse Upgrades Tyco International TYC to Outperform

• Wunderlich Securities Downgrades Arlington Asset Investment AI from Buy to Hold, Maintains PT at $30
• Deutsche Bank Downgrades Hersha Hospitality Trust HT from Buy to Hold, Raises PT from $5 to $5.5

On the Economic Calendar

• Pending Home Sales is set to report at 10:00 a.m. ET
• Dallas Fed Manufacturing Index is due at 10:30 a.m.

Earnings

• Lowes LOW Reports Q4 EPS $0.29 vs $0.24 Est; Revenues $11.63B vs $11.34B Est
• AES AES Reports Q4 EPS $0.23 vs $0.22 Est; Revenues $4.27B vs $3.46B Est
• American Water Works AWK Reports Q4 EPS $0.34 vs $0.32 Est; Revs 639.8M vs $696.3M Est

Corporate News

• Motorola Solutions MSI GOOG Purchases Approximately $1.2B of Its Common Stock from Icahn
• Watson WPI CBRX Receives Complete Response Letter from FDA for Progesterone Vaginal Gel 8% Did Not Meet Level of Statistical Significance
• Delcath DCTH Announces First CHEMOSAT Procedures in Germany

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.44%
• Energy futures are trading lower, with crude oil posting early losses of about 1.05%
• Natural Gas futures are lower by about 0.82% and copper is trading lower by about 0.67%

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	1371	1367	1364	1360	1357
Gold	1790	1782	1776	1769	1763
Crude	111.17	110.40	109.17	108.40	107.17
Natural Gas	2.68	2.61	2.56	2.49	2.43
EUR/USD	1.3558	1.3502	1.3429	1.3373	1.3300
US Dollar Index	79.08	78.78	78.52	78.22	77.96

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