Financial Breakfast: Morning News Summary for June 6, 2012

Benzinga's Top News

• Coinstar CSTR and Seattle's Best Coffee SBUX Sign Exclusive Agreement to Roll Out Thousands of the New Kiosks
• UnitedHealth UNH Board Increases Shareholder Dividend; Renews Share Repurchase Program
• Tempur-Pedic TPX Lowers Full Year Guidance, Sales $1.43B vs $1.65B Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade up as Dow futures trade higher about 110 points.
• U.S. Dollar trades about 0.32% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 gained 1.4%, Germany's DAX advanced 1.68% and France's CAC 40 added 2.02% on the session.
• Asian stocks ended the session mixed. China's Shanghai slid 0.10%, Japan's Nikkei 225 gained 1.81%, and Hong Kong's Hang Seng advanced 1.43%.

Upgrades/Downgrades

• Goldman Sachs Upgrades Lam Research LRCX from Not Rated to Neutral, Announces PT of $38
• Credit Suisse Upgrades Southwestern Energy SWN from Underperform to Neutral, PT Raised from $25 to $29

• Jefferies & Company Downgrades Rackspace Hosting RAX from Buy to Hold, Lowers PT from $64 to $54
• Bank of America Downgrades Sherwin-Williams SHW from Neutral to Underperform, Raises PO from $120 to $122

On the Economic Calendar

• 08:30 a.m. ET - Unit Labor Costs (QoQ)
• 08:30 - Nonfarm Productivity (QoQ)
• 10:30 - Gasoline Inventories
• 10:30 - Crude Oil Inventories
• 14:00 - Beige Book

Earnings

• Cyberonics CYBX Reports Q4 EPS $0.38 vs $0.35 Est; Revenues $57.6M vs $56.61M Est
• Tempur-Pedic TPX Lowers Full Year Guidance, Sales $1.43B vs $1.65B Est

Corporate News

• Coinstar CSTR and Seattle's Best Coffee SBUX Sign Exclusive Agreement to Roll Out Thousands of the New Kiosks
• UnitedHealth UNH Board Increases Shareholder Dividend; Renews Share Repurchase Program
• Dr. Reddy's Laboratories RDY and Merck Serono Announce Collaboration to Develop and Commercialize Biosimilars

Commodities

• Precious metals are trading higher, with gold posting early gains of about 1.35%
• Energy futures are trading higher, with crude oil posting early gains of about 1.41%
• Natural Gas futures are trading 0.65% lower and copper is trading higher by about 2.3%

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	1299	1292	1279	1273	1260
Gold	1629	1623	1618	1612	1606
Crude	85.70	84.88	84.10	83.28	82.50
Natural Gas	2.53	2.48	2.43	2.39	2.34
EUR/USD	1.2584	1.2516	1.2463	1.2397	1.2343
US Dollar Index	83.36	83.11	82.77	82.50	82.18

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