Friday Morning Coffee with TradingMarkets
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Good Morning! |
Chevron Earnings Pre-Market Friday … Sub 2% GDP Growth and Downward Revisions … Jobs and the U.S. Dollar Rally … Apple’s High Quality Cash Problem
… Bristol to Buy All of ImClone
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TradingMarkets 5 Business Stories You Need to Know |
Chevron Goes Offshore in Africa – East Bay Business Journal
In the face of continued attacks and harassment by Nigerian militants, Chevron began producing oil from one of its offshore holdings off the African nation’s coast.
Chevron 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 Chevron 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!
The Economy’s Slow Growth Syndrome – New York Times
1.9% GDP growth for the second quarter, downward revisions to past quarters and growing unemployment insurance rolls suggest an economy that is still under
pressure.
Payrolls and the Greenback – DailyFX
What can forex traders expect from the jobs report due out Friday mornnig? DailyFX strategists Terri Belkas and Antonio Sousa look at the likely impact on the
dollar whether the employment news is surprisingly positive, surprisingly negative, or something in between..
Spending Apple’s Money – BusinessWeek
Its cash hoard soaring to Microsoft-like levels, Apple may face its next biggest challenge in figuring out what to do with all that money.
Bristol Wants All of ImClone – Wall Street Journal
Bristol Meyers Squibb offered more than $4.3 billion for the outstanding shares of Imclone Systems that it does not already own. The bid represented a premium of
nearly 30% on the share price.
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:
- Eli Lilly
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PowerRating) trained and encouraged its sales force to minimize the side effects of its schizophrenia treatment, Zyprexa, according to documents filed in lawsuit
against the pharmaceutical company. - General Motors
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PowerRating) reports earnings Friday morning before the opening bell. Analysts are expecting an earnings per share loss of $2.63. - Bristol-Meyers Squibb
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PowerRating) announced its intention to buy those shares of ImClone Systems
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PowerRating) that it does not already own for just over $4.3 billion. ImClone shares soared on the news. - Jobs cuts and surprisingly strong sales led to a 5-cent earnings beat from Motorola
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PowerRating) on Thursday. - Against a backdrop of downtrending prices for crude oil, Exxon Mobil
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PowerRating) reported earnings on Thursday that were less than expected. Chevron
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PowerRating) reports earnings on Friday before the market opens. Analysts are expecting EPS of $3.03.
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 |
| Balchem Corporation | BCPC | 9 |
| Westwood Holdings | WHG | 8 |
| Tootsie Roll Industries Inc. | TR | 8 |
| Sohu.com Inc. | SOHU | 8 |
| Perrigo Company | PRGO | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
The 4 Staples of Interpreting Price Action – TradingMarkets
TradingMarkets Select Contributor Chris Capre provides this primer on what traders need to know about how prices move – and why – before they trade.
Trade 17 Commodities At Once?! – TradingMarkets
Want to trade commodities, but not sure which one or ones to track? One easy way to get in the commodities game is to trade them all – at the same time – using a
new commodities exchange-traded fund, as TradingMarkets own Dave Goodboy explains.
A Simple Strategy with Powerful Results – TradingMarkets
How did you finish the week and month? Traders following along with Kevin Haggerty got more than just a look at how professionals plan for and play the end of month.
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