Friday Morning Coffee with Trading Markets
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Good Morning! |
General Electric Meets Estimates … Dow Acquires Rohm & Haas … Apple’s iPhone G3 Debuts Today … Bank of England Keeps Rate at 5% … Walgreens to Slow Expansion … Bailout Rumors Surround Fannie, Freddie …
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TradingMarkets 5 Business Stories You Need to Know |
Dow to Pay $15.4 Billion in Cash for Rohm & Haas – BusinessWeek
Dow Chemical’s purchase price for the chemical company represents a 75% premium over the pre-announcement share price for Rohm & Haas.
Dow Chemical is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m.EST today to tell us whether Dow Chemical will be Up or Down on Monday. Click here to register for free for your chance to win $1,000 by correctly guessing the direction of a stock!
General Electric Announces Spin-off – Bloomberg
One day before their pre-market earnings announcement for the second quarter, General Electric reports that they will be spinning off both its Consumer and Industrial group in an effort to boost GE’s sagging stock price.
The BoE Stands Pat on Rates – Financial Times
Caught between squeezing the economy and fighting inflation, the Bank of England on Thursday took the middle route of neither raising nor lowering its benchmark rate, which still stands at 5%.
Walgreen’s Expansion Plan on Hold – Wall Street Journal
In an unexpected announcement, Walgreen’s reported that it would significantly slow the pace of new stores in the United States. The company’s stock has been under significant pressure since mid-June, falling more than 20%.
A Fannie, Freddie Bailout? – CNN Money
Rumors that the government is preparing for the possibility of having to bail out both Fannie Mae and Freddie Mac send shares of both mortgage lenders lower on Thursday.
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:
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Toyota Motor Corporation
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PowerRating) announced plans to make its popular hybrid car, the Prius, in the United States. Toyota closed marginally higher by a little over 1%. - Shares of Alcoa
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PowerRating) soared on record prices for aluminum brought about by a decision by smelters in China to reduce output. The stock was higher by more than 9% on the day. - Federal income tax rebates were credited for boosting June sales for retailers such as Wal-Mart
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PowerRating) and Costco
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PowerRating). Both stocks ended Thursday lower by less than 2%. - Speculation that Fannie Mae
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PowerRating) and Freddie Mac
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PowerRating) may ultimately need to be bailed out by the Federal government encouraged further selling by investors and traders on Thursday. Fannie Mae was down by more than 13%. Freddie Mac plunged more than 22%. - Dow Chemical
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PowerRating) made its largest acquisition ever in buying chemical company Rohm & Haas for $18.8 billion – including financing from Berkshire Hathaway and the Kuwait Investment Authority. Dow Chemical ended Thursday lower by more than 4%.
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 |
| Tetra Technologies Inc. | TTI | 9 |
| Salesforce.com Inc. | CRM | 9 |
| Trinity Industries Inc. | TRN | 8 |
| Grupo Simec S.A.B. | SIM | 8 |
| Activision Inc. | ATVI | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Women Share First Place in Stock Contest – TradingMarkets
The results are in and it appears that for the first time, two traders will share the first place prize in our TradingMarkets Up or Down Stock Contest. There’s plenty of time for you to get in the game and compete for the July prize so if you have not already registered, click the link above and get ready to make your stock picks!
How to Profit from Trends by Identifying Non-Trending Markets – TradingMarkets
Non-trending markets are often a nightmare for traders. TradingMarkets Select Contributor Bennet McDowell shows how to make those directionless markets work for you.
Copper: The Ugly Metal That Trades So Beautifully – TradingMarkets
TradingMarkets’ own Dave Goodboy provides this primer on one of the more popularly traded – and widely used – commodities in the world.
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