Friday Morning Coffee with TradingMarkets

  • July 25, 2008
  • David Penn

Good Morning!


Black & Decker Earnings and the Housing Market … Banks Lead Stocks Lower on Thursday … Swiss Franc and Japanese Yen Disappoint Currency Traders …
Costly Crude Can’t Stop Southwest Air … Ford Trucks Too Tough, Automaker to Focus on Cars

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TradingMarkets 5 Business Stories You Need to Know


Black & Decker Earnings Friday Before the Bell – Seeking Alpha

How will the implosion of the U.S. housing market effect the bottom line of companies like Black & Decker? With the company reporting earnings Friday morning,
investors won’t have to wait long to find out.

Black & Decker is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether Black & Decker 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!


Banks Retreat with a Vengeance – New York Times

Banks giveth and banks taketh away … After being driven higher in recent days by speculative buying – and more than a little short-covering – financial stocks
dragged the markets lower on Thursday.

Et Tu, Franc and Yen? – Financial Times

Have the Swiss franc and Japanese yen – two currencies on opposite ends of the interest rate spectrum – fulfilled their roles as safe havens? Mansoor Mohi-uddin,
currency strategist at UBS, suggests that the answer is “no.”

Wall Street Journal

Southwest Airlines’ fuel-hedging program continues to be a winner as the company reported an increase in second quarter profits of 15%.


Ford Reports Losses of $8.7 Bn – Bloomberg

With $8 billion in writedowns for the second quarter, Ford announced that it would be converting truck plants into automobile-making factories.

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

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
Goodrich Petroleum Company GDP 9
James River Coal Company JRCC 9
Ultimate Software Group Inc. ULTI 8
W&T Offshore WTI 8
Olympic Steel Inc. ZEUS 8

View More Stocks

TradingMarkets Making Great Traders

Up or Down Contest Enters Final Week – TradingMarkets

With less than one week to go in the TradingMarkets Up or Down Stock Contest for July, “hbrown” leads the pack with several competitors within striking distance.
Are you in the game? Click the headline to register for free for your chance to win $1,000 a month by correctly guessing the direction of a stock!

Horizontal Debit Spreads – TradingMarkets

TradingMarkets Select Contributor Len Yates provides a primer on another often-misunderstood options trading strategy that isn’t just for the professionals any
more.

The Short and Long of $SPX/XLE Trades – TradingMarkets

Did you miss the latest from K.H.? Click the headline above to catch the most recent column from a former senior vice president for equity trading at Fidelity Capital
Markets and long-time TradingMarkets regular, Kevin Haggerty.

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