Tuesday Morning Coffee with TradingMarkets

  • August 12, 2008
  • David Penn

Good Morning!

Citi Likes Amazon’s E-Book Reader … Waste Management Bids Again for Republic … Fewer Traders Doubting the U.S. Dollar … Auction Rate Securities Drag Wachovia Earnings Lower … AMD Steps Up in Graphics Chip Fight with Nvidia

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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
Avant Immunotherapeutics AVAN 9
Olympic Steel Inc. ZEUS 8
Walter Industries Inc. WLT 8
Volterra Semiconductor VLTR 8
Olin Corporation OLN 8

View More Stocks

TradingMarkets Making Great Traders

The Trend is (Still) Your Friend – TradingMarkets

In Part 2 of his article on Market Forecasting Tools, TradingMarkets Select Contributor Mike Stathi helps traders understand how to treat and trade trending markets the right way.

Still A Confirmed Rally – TradingMarkets

Is the bounce in stocks worth believing in? Professional money manager and Fox Business News guest analyst Gary Kaltbaum suggests that the falling price of oil is one signal that traders may be able to begin putting their money to work in stocks.

7 ETFs You Need to Know for Today – TradingMarkets

Weakness in Latin America, including Brazil, continued, with ETFs representing both regions falling to multi-month lows. Semiconductors and small cap stocks advanced and gold-related ETFs continued their meltdown.

TradingMarkets 5 Business Stories You Need to Know

Amazon Rally Kindled by Kindle – BusinessWeek

Shares of Amazon.com soared on news that Citigroup analysts were increasingly optimistic about sales of Amazon.com’s Kindle Reader, embedded software that lets users read e-books.

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Waste Management Boosts Bid – MarketWatch

Increasing its hostile bid for Republic Services, Waste Management has offered a premium of more than 8% over its previous bid. The company, which had been planning a merger with Allied Waste Industries, said it would consider the new Waste Management offer.

The Not-So-Late Great Greenback Bounce – Financial Times

The growing consensus that central bankers worldwide may have to lower rates before the United States’ Fed is forced to raise them is one of many factors helping move the greenback higher.

Wachovia Cites Settlement in Larger Loss – Bloomberg

Wachovia blames the cost of its auction-rate securities settlement on its lower than expected second quarter loss. The company also plans to layoff nearly 7,000 workers.

Chipmakers: Game On – Wall Street Journal

Advanced Micro Devices continues to slug it out with Nvidia for graphics chip supremacy in the hearts, minds and PC cabinets of video gamers everywhere.

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

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