Friday Morning Coffee with TradingMarkets
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Good Morning! |
April Payrolls Fall 20K, Called “Better than Expected” … Futures Soar on Jobs Data, Dollar Gains Against Euro, Yen … Technicians Celebrate Thursday Market Breakout … Toyota, Honda Sales Remain Strong … Clinton, McCain Continue to Push Gas Tax Holiday Scheme … Bank of America Uncertain on Countrywide Debt Support … Berkshire Hathaway Meeting Begins Today …
Asian stocks up … European stocks up … The dollar is moving higher against the Euro, Japanese yen … And the futures are trending higher in the hour before the bell.
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TradingMarkets 5 Business Stories You Need to Know |
Sun Micro’s Downside Surprise – Globe and Mail
Surprisingly slow sales in the U.S. market led to a third quarter loss for Sun Microsystems. The company’s stock sold off by 16% in afterhours trading on Thursday on the news.
Nortel Losses Continue in Q1 – Daily FX
DailyFX senior strategiest Kathy Lien looks at how the upcoming nonfarm payrolls report may affect the nascent rally in the U.S. dollar.
Nonfarm Payroll and the Dollar – Wall Street Journal
Nortel reported a loss for the first quarter that was larger than the year ago period. Costs related to restructing were blamed for shortfall.
Profits Down, Revenues Up at Comcast – New York Times
Pressure rose Friday on Britain’s Serious Fraud Office to reopen an investigation into BAE Systems after a court ruled that the regulator’s decision to drop a corruption enquiry into contracts with Saudi Arabia was unlawful.
Ballmer Balks at Higher Yahoo Bid – Bloomberg
Is a Microsoft hostile takeover of Yahoo in the works?
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:
- Exxon Mobil
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XOM |
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PowerRating) announced first quarter profits of $10.9 billion but still fell short of analyst expectations causing a pull back in the stock. - General Motors
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GM |
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PowerRating) reported U.S. auto sales of -16.3% and truck sales of -26.5%. - Shares of Las Vegas Sands
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LVS |
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PowerRating) fell nearly 6% after the casino operator reported disappointing earnings results. - After the close, competitor Wynn Resorts
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WYNN |
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PowerRating) missed estimates by $0.01. - Sun Microsystems
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JAVA |
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PowerRating) reported revenue of $3.27 billion, a 0.5% decline from the year ago quarter. - Before the market opened, Chevron
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CVX |
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PowerRating) reported earnings of $2.48 per share, which narrowly topped expectations.
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 |
| Stone Energy Corporation | SGY | 9 |
| HCP Inc. | HCP | 9 |
| W-H Energy Services | WHQ | 8 |
| Exco Resources Inc. | XCO | 8 |
| UltraTech Inc. | UTEK | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Haggerty: Key Price Zone Short Bias – TradingMarkets
Yesterday’s strength notwithstanding, traders should realize that the broader markets remain under pressure.
Call Options at Work: A Trader’s Guide – TradingMarkets
Liking the upside to the current market? Call options are a popular way to bet on the potential for higher prices.
Has Oil Peaked? – TradingMarkets
TradingMarkets contributor Dave Goodboy finds answers to the question that everyone–from traders to CNBC talking heads–are asking about oil.
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