Friday Morning Coffee with TradingMarkets
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Good Morning! |
Celtics Beat Lakers in Game 1 of NBA Finals … Jobs Data Expected to Reveal Losses in May … Apple’s Plans for a Faster iPhone to Challenge Blackberry … AIG Under Investigtion by Justice, SEC … Verizon to Buy Alltel … Broadcom Fraud Case Goes Sensational with New
Indictment … Oil Nears $130 … Lehman May Seek Up to $5 Billion In New Capital … National Semi Up Big in Premarket
Asian stocks up … European stocks down … The dollar is moving higher against the Canadian dollar … And the futures are trending lower in the hour before the bell
Double your FX fun with Mark Whistler today at TradingMarkets! At noon Eastern, Whistler will provide an introduction to his new Forex Elite Trading Seminar, which allows traders to “look over the shoulder” of a pro forex trader for three days as he explains what works – and does not work – when trading currencies. Then at 1 p.m. Eastern., tune in for Mark’s regular forex Conference Call to learn what opportunities for FX traders he is watching right now. Click here to register for the Forex Elite Trading Seminar presentation.
To save your spot for Mark’s weekly Conference Call, click here.
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TradingMarkets 5 Business Stories You Need to Know |
Steady demand for steel among emerging economies led Nucor to raise its profit forecast for the second quarter.
Nucor is the Featured stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. today to tell us whether you think Nucor will be up or down
A faster iPhone may be the next big thing from Apple, as the company attempts to woo customers away from the popular Blackberry. The new phone would be
designed to work with what are called “third generation” wireless networks that many potential international customers are used to.
Tighter Money in Euroland? – Financial Times
The potential for higher interest rates as the ECB considers steps to curb inflation, helped boost the Euro against the dollar and yen on Thursday.
Join CNBC guest commentator and TradingMarkets FX specialist Mark Whistler as he introduces his new Forex Elite Trading Seminar Friday at noon. Then stick
around for his weekly Conference Call immediately afterward at 1 p.m. as he brings listeners up to speed on what he is seeing in the FX markets. Click here to reserve your spot!
SEC Investigates AIG on Swaps – Wall Street Journal
Both the Justice Department and the Securities and Exchange Commission are looking into the way that American International Group valued – or overvalued – credit default swaps related to subprime mortgages.
Verizon to Buy Alltel for $28.1 Billion – Bloomberg
Verizon Wireless confirmed on Thursday that it would be paying $28.1 billion for Alltel. The move will make Verizon the largest cell phone company in the U.S.
Verizon has a Short Term PowerRating of 4. Does this mean that Verizon is a stock that traders should consider buying, or consider avoiding? Find out with a free trial to our Short Term PowerRatings!
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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Strong same stores sales were the case for two of America’s most popular retailers in Wal-Mart
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PowerRating) and Costco
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PowerRating) where consumers took advantage of affordable pricing for fuel, food and pharmaceuticals. - Confirmation that Verizon
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PowerRating) would indeed buy Alltel for $28.1 billion drew investors and traders to the stock, bidding it higher by more than 5% going into the close on Thursday. - UBS
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PowerRating) bounded higher by more than 6% on news that the company was getting out of the municipal bond business. The bank’s inability to find a buyer means that 280 workers will also be let go. - Rising sales on declining profits were not the combination investors and traders of Smithfield Foods
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PowerRating) were hoping for. The disappointment led to a 6% correction in the stock in Thursday’s trading. - Strong profits in the fourth quarter and for the year did little to mend investor disappointment over Del Monte’s
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PowerRating) warning of a less profitable 2009. The stock plunged more than 11% on Del Monte’s news. - Overseas demand for steel encouraged Nucor
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PowerRating) to raise its profit target for the current quarter. Shares of the steelmaker were higher by more than 8% on Thursday.
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 |
| Encore Wire Corporation | WIRE | 8 |
| Sadia S.A. | SDA | 8 |
| Trimble Navigation Limited | TRMB | 8 |
| Perdigao S.A. | PDA | 8 |
| China Finance Online ADS | JRJC | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
You Can Trade FX! – TradingMarkets
Let CNBC guest commentator and TradingMarkets currency specialist Mark Whistler show you how to succeed as a trader in the 24-hour market of international
currencies. Today at 12 noon Eastern / 9 a.m Pacific, Mark will provide an introduction to his special Forex Elite Trading Seminar, a new program geared to help
new and intermediate level FX traders alike get started in what is truly the market of the 21st century.
How to Eliminate the Frustration of Using Stop Losses – TradingMarkets
Anyone who trades knows that stop losses give and stop losses take away. TradingMarkets contributor Jason Alan Jankovsky helps traders figure out how to best
think about and use stop losses in their trading.
Currency Pairs Selling Their Personalities – TradingMarkets
TradingMarkets contributor Grace Cheng helps forex traders get to know the main currency pairs, their trading tendencies and what factors influence their movement
in this informative FX primer.
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.