Friday Morning Coffee with TradingMarkets
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Good Morning! |
Wal-Mart Sales Weaker than Expected … Slower Sales of Trucks, SUVs at Toyota … BofE Holds Cash Rate at 5% … Citi Settles with SEC … Jobless Claims
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TradingMarkets 5 Business Stories You Need to Know |
Wal-Mart Goes Wobbly – Forbes
Wal-Mart may have been the headline retailer to report weaker than expected same store sales on Thursday. But the slowdown in consumer spending has affected
other discount stores, as well.
Wal-Mart is the Featured Stock in Our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. today to tell us whether Wal-Mart will be Up or Down on Monday. 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!
Toyota’s Tougher Times – New York Times
Falling demand for both large-size pickups and sports utility vehicles have resulted in slower sales for Japan’s top automaker, Toyota.
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Bank of England Stands Pat at 5% – Financial Times
As expected, the Bank of England decided to leave its benchmark rate unchanged. The pound has been in a sharp sell-off against the U.S. dollar since mid-July.
Citigroup Settles for $7 Bn – BusinessWeek
Citigroup will pay $7 billion as part of a settlement reached with the Securities and Exchange Commission that requires the bank to make whole investors who bought
Citigroup’s auction-rate securities.
About Those Jobs – Wall Street Journal
Jobless claims reached a six-year high, adding to a sour economic context of falling home values, stagnant wages and high energy costs.
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:
- Intel
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PowerRating), Advanced Micro Devices
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PowerRating) and SanDisk
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PowerRating) gained more than 3%, 4% and 6% respectively on Thursday as traders continued to bid technology stocks higher. - American International Group
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PowerRating) reported its third straight quarterly earnings loss on Thursday. The stock, which had been moving higher, fell by more than 18%. - Citigroup [C|C} agreed to spend $7 billion to buy back auction rate securities it had sold to individuals and small businesses as part of a settlement with the Securities and Exchange Commission.
- Fannie Mae
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PowerRating) reports earnings Friday morning before the market opens. Analysts are expecting a loss of $0.69 per share. - Shares of Wal-Mart
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PowerRating) lost more than 6% on Thursday after reporting lower than expected same stores sales.
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 |
| Clayton Williams Energy Inc. | CWEI | 9 |
| Exide Technologies | XIDE | 8 |
| Powell Industries Inc. | POWL | 8 |
| Tupperware Brands Inc. | TUP | 8 |
| Team Inc. | TISI | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Gauging Market Sentiment, Part 1 – TradingMarkets
TradingMarkets Select Contributor Mike Stathis begins a multi-part series into market forecasting. Part 1 discusses the importance of and tools necessary for
measuring the mood of the market.
7 ETFs You Need to Know for Friday – TradingMarkets
Strength in technology ETFs, pullbacks in China and Hong Kong related funds as well as financials characterize the market for ETF traders on the last trading day of
the week.
target=”_blank”>Do You Want Better Results Trading Funds? Here’s how … – style=”color:#999999″>TradingMarkets
TradingMarkets contributor Doug Fabian shows long term traders and investors how to kick the tires and check under the hood when it comes to mutual funds and
ETF investing.
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