Friday Morning Coffee with TradingMarkets
 |
Good Morning! |
Crude Oil Climbs Past $142 … Soft Cell Phone Demand Hurts Sony Ericsson Profits … InBev Bid for Anheuser Busch Turns Hostile as Bud Rejects Bid … General Motors Falls to Major Multi-Decade Low … Business Outsourcing Boosts Accenture Profits in Q3 … Stocks Headed for Worst June Since 1930s … Index Futures Pointing to Weak Open …
If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!
|
TradingMarkets 5 Business Stories You Need to Know |
Nike Behind the Earnings – The Oregonian
Unexpectedly high spending in advance of the Beijing Olympics and a softer U.S. market are among the challenges facing Nike in 2008.
Nike is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think Nike 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!
Wall Street’s Dueling Downgrades – Wall Street Journal
Who you callin’ “market underperform”?! As Wall Street analysts resort to mutually assured downgrades, all that is clear is that the troubles in the financial sector show little sign of enduring improvement.
Fed Calls at 2%. Will the ECB Raise? – DailyFX
DailyFX chief strategist Kathy Lien takes a close look at the impact of the Dow’s 350+ point down day on the nascent rally in the greenback.
Microsoft Beyond Bill – New York Times
Will a post-Gates Microsoft continue to take on the likes of Google and Apple? Or will the once-innovative company see its edge slowly erode over time?
InBev Goes Hostile in Quest for Bud – Financial Times
While Anheuser Busch claims the InBev $46.3 billion bid is too low, the Belgian brewer is preparing for a proxy battle.
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:
-
Bed Bath and Beyond
(
BBBY |
Quote |
Chart |
News |
PowerRating) bounded higher by more than 4% on the announcement that profits were not as bad as expected given the retrenchment in consumer spending. - Missing revenue and earnings estimates and disappointing analysts with its forecast, Blackberry-maker Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating) lost more than 13% in trading on Thursday. - The Wall Street Journal reported that Anheuser Busch
(
BUD |
Quote |
Chart |
News |
PowerRating) has rejected the $46.3 billion unsolicited bid from the Belgian brewer, InBev. - Goodyear Tire and Rubber
(
GT |
Quote |
Chart |
News |
PowerRating) plunged 11% on the news that the company would spend more than $1 billion a year on plants and equipment. - Goldman Sachs suggested that Citigroup
(
C |
Quote |
Chart |
News |
PowerRating) may have to writedown an additional $8.9 billion for the second quarter. Citigroup was down 6% on the day. - An Oympic year marketing push continues to weigh on Nike
(
NKE |
Quote |
Chart |
News |
PowerRating) and its bottom line. The sporting goods company beat analyst estimates but warned of a challenging consumer environment in the U.S. - KB Homes
(
KBH |
Quote |
Chart |
News |
PowerRating) announced a loss of $3.30 per share in its earnings announcement this morning before the open, a larger loss than analyst’s had anticipated.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Innophos Holdings Inc. | IPHS | 10 |
| Satcon Technology Corporation | SATC | 9 |
| PC-Tel Inc. | PCTI | 9 |
| Rackable Systems Inc. | RACK | 8 |
| Western Digital Corporation | WDC | 8 |
| View More Stocks |
|
TradingMarkets Making Great Traders |
Forex Friday’s with Mark Whistler – TradingMarkets
From interest rates to inflation and from central banks to technical breakouts … let veteran forex trader Mark Whistler put the world of currency trading into perspective for you every Friday at 1 p.m. Eastern. Click the headline above to reserve your spot today.
Haggerty’s Open House Ends Today – TradingMarkets
Today is your last chance to take a free look over the shoulder of pro trader and former head of trading for Fidelity Capital Markets, Kevin Haggerty. Expanded daily commentary, stock selections, market updates and strategy alerts … There’s still time for you to see the best of what Kevin Haggerty puts together for traders every day. So click the headline above or call us toll free at 1-888-484-8220, extension 1.
5 PowerRating Stocks for the Next 5 Days – TradingMarkets
Looking for stocks that are likely to outperform the average stock over the next few days? Our “5 PowerRatings Stocks for the Next 5 Days” column is a great place to start!
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.