Thursday Morning Coffee with TradingMarkets
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Good Morning! |
Exxon Profit Rises Less Than Expected… GM Reports $3.25B Loss… Citigroup Seeks More Capital… Consumer Spending Picks Up… Jobless Claims Rise.
Asian stocks down… European stocks up… Dollar higher… And the futures are pointing to a slightly higher open.
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TradingMarkets 5 Business Stories You Need to Know |
Charges Weigh on GM Results – Wall Street Journal
General Motors swung to a $3.25 billion net loss in the first quarter despite strong earnings overseas.
Exxon Profit Rises Less Than Estimated on Output Drop – Bloomberg
Exxon Mobil Corp. posted the smallest earnings increase among the world’s three largest oil companies, falling short of analyst estimates as production dropped and refining profit margins narrowed.
Euro Tumbles as Markets Reassess Post FOMC Reaction – DailyFX
The long term implication of such a shift in policy should favor the dollar, as markets begin to appreciate the fact that most of the monetary adjustment by the Fed has already been made.
Biggest Losers of the Fortune 500 – CNN Money
Fortune 500 companies from Merrill Lynch to Fannie Mae to Virgin Media lost hundreds of millions of dollars last year. Who lost the most?
Fed Cuts Rate but Hints About a Pause – New York Times
Following new indications that the economy remained fragile at best, the Federal Reserve cut key short-term rates another quarter point.
For more stories as they happen, go to our Breaking News section.
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Falling by 12% yesterday, Garmin
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PowerRating) reported its lowest profit in years, blaming increased competition for its popular automobile-navigation systems. - Exxon-Mobil
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PowerRating) missed estimates by $0.11. - Buffalo Wild Wings
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PowerRating) soared some 19% in trading today after announcing the company would meet its profit growth forecast for the year. - Higher fuel and raw materials costs were blamed by Colgate-Palmolive
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PowerRating) for the stock’s 5% drop on Wednesday. - A smaller than expected loss helped shares of General Motors
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PowerRating) rally by more than 9% in Wednesday’s trading. - Eastman Kodak
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PowerRating) reports earnings Thursday morning before the bell. Analysts are expecting a loss of $0.03 per share. - Starbucks
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PowerRating) reported second quarter earnings of $0.15 per share on Wednesday after the close of trading. The company says restructuring costs negatively impacted profits in Q2.
For a list of today’s highest PowerRating stocks, click here.
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TradingMarkets 5 PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| WimmBillDann Foods | WBD | 9 |
| UniFirst | UNF | 9 |
| National Oilwell Varco | NOV | 9 |
| iPCS Inc. | IPCS | 9 |
| Dril-Quip | DRQ | 9 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Concerned About Trading Inconsistency? Then Read This! – TradingMarkets
When it comes to trading, if you want to succeed, you need to consistently trade stocks that have large historical edges. And you need to exit them at optimal levels.
How to Avoid Trade Taxes Using an IRA – TradingMarkets
Taxes are the Achilles heel of active stock traders. Ever have a great year in the market, but end up paying Uncle Sam an exorbitant amount of your profits? A very sad state of affairs, but all too true for the successful trader.
Free Report! The Only 3 Options Trading Strategies You’ll Ever Need – TradingMarkets
There may be as many ways to trade the market as there are traders who want to do so. But the difference between the professionals and the amateurs when it comes to trading is that the majority of professional traders know that the edge lies in buying markets when they are weak and selling them when they are strong.
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