Thursday Morning Coffee with TradingMarkets

  • August 14, 2008
  • David Penn

Good Morning!

Best Buy to Sell iPhone … Not So Fast in Buying Banks, Says Merrill … Has the AUD/USD Rout Run its Course? … Genentech Says No to $44 Billion Bid … Does
the Dollar Rally Anticipate Deflation?

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TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company
 Symbol PowerRatings
Mentor Graphics Corporation MENT 8
Southwest Airlines Corporation LUV 8
Volterra Semiconductor VLTR 8
Talbots Inc. TLB 8
PC Tel Inc. PCTI 8

View More Stocks

TradingMarkets Making Great Traders

Day Trading Monster Stocks – TradingMarkets

Buying the strong stocks and selling the weak ones is as true for day traders as it is for end of day traders. TradingMarkets Select Contributor Sam Patterson
explains how and why.

How Far Will the EUR, GBP and AUD Sell Off? – TradingMarkets

TradingMarkets Select Contributor Chris Capre talks about the rally in the U.S. dollar – from the perspective of the global currencies losing value against it in recent
weeks.

7 ETFs You Need to Know for Today – TradingMarkets

Stocks rallied off their intraday lows in a session characterized by repeated bouts of aggressive selling. Today’s 7 ETFs includes the Select Materials Sector SPDRs, XLB, which finished the day up more than 2%

TradingMarkets 5 Business Stories You Need to Know

iPhone Best Buy at Best Buy – BusinessWeek

The deal through which Best Buy, the country’s largest electronics retailer, will sell Apple’s iPhone provides a tremendous boost to Best Buy at the expense of rivals such as Radio Shack.

Best Buy is the Featured Stock in our Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think Best Buy will be Up or Down on Friday. Click here to play our TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!

Merrill Warns Bank Bulls – Times Online

Merrill Lynch suggested today that investors should exercise more caution before loading up on the shares of beaten-down financial institutions.

AUD/USD: Down So Long … – DailyFX

DailyFX quantitative analyst David Rodriguez looks at the odds of further declines in the Australian dollar versus the American greenback in the wake of the Aussie’s massive recent declines.

Genentech Rejects Roche Bid – Wall Street Journal

While remaining open to further negotiations, biotechnology firm Genentech said that the near $44 billion dollar offer for the company from its largest shareholder Roche is too low.

MarketWatch

Todd Harrison, founder and CEO of Minyanville, dares to utter the “D word” – deflation – in providing a cautionary tale for those who think that falling commodities prices and a rising dollar are necessarily positive signs for the economy.

For more stories as they happen, go to our Breaking News section.

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