Financial Breakfast: Morning News Summary for November 18, 2011

The first stock ticker was invented by Edward A. Calahan in 1867.

Benzinga's Top News

• HJ Heinz HNZ Reports Q2 EPS $ 0.81 vs $0.80 Est; Revenues $2.83B vs $2.91B Est.
• Heinz Sees Charges for Manufacturing, Productivity Actions; Sees FY2011 EPS $3.24-3.32 vs $3.34 Est.
• Yesterday, Hewlett Packard HPQ appointed Relational's Whitworth to Board of Directors; Relational investors take 1% stake In HP

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher with Dow Futures up about 60 points.
• U.S. Dollar trades about 0.75% lower.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.78%, Germany's DAX slid 0.7% and France's CAC 40 fell 0.22% on the session.
• Asian stocks ended the session lower as well. China's Shanghai fell 1.9%, Japan's Nikkei 225 lost 1.2% and Hong Kong's Hang Seng Index slid 1.7%.

Upgrades/Downgrades

• Sterne Agee upgrades Hewlett-Packard HPQ to Buy, $34 PT.
• Credit Suisse upgrades Smithfield Foods SFD to Outperform, PT raised to $29.

• Bank of America downgrades Transdigm TDG to Neutral, PO lowered to $98.
• Citigroup downgrades Lennar LEN to Neutral, $20 PT.

On the Economic Calendar

• Leading Economic Indicators are set to report at 10:00 a.m. ET.

Earnings

• HJ Heinz HNZ Reports Q2 EPS $ 0.81 vs $0.80 Est; Revenues $2.83B vs $2.91B Est.
• Heinz Sees Charges for Manufacturing, Productivity Actions; Sees FY2011 EPS $3.24-3.32 vs $3.34 Est.
• Sirona Dental Systems SIRO Reports Q4 EPS $0.68 vs $0.62 Est; Revenues $218.8M vs $213.96M Est

Corporate News

• Hewlett Packard HPQ appointed Relational's Whitworth to Board of Directors; Relational investors take 1% stake In HP
• China Infrastructure Investment Corporation CIIC reported that the Nasdaq Hearings Panel has denied the Company's request for continued listing on Nasdaq.

Commodities

• Precious metals are trading higher, with gold posting gains of about 0.61%
• Energy futures are trading higher, with crude oil posting gains of about 0.79%
• Natural Gas futures are higher by about 0.15% and copper is trading higher by about 1.1%

Benzinga's Morning Radar

Technical Levels for Futures and Forex

Name	Resistance-2	Resistance-1	Mid Pivot	Support-1	Support-2
E-Mini Dow	12061	11902	11773	11614	11485
E-Mini S&P500	1256	1235	1221	1200	1185
Gold	1789	1755	1733	1698	1676
Crude	105.16	101.91	100.43	96.88	95.10
Natural Gas	3.56	3.50	3.42	3.36	3.28
EUR/USD	1.3578	1.3518	1.3477	1.3415	1.3374
USD/JPY	77.09	77.03	76.97	76.90	76.84
US Dollar Index	78.92	78.71	78.42	78.21	77.92