Monday Morning Coffee with TradingMarkets
 |
Good Morning! |
Dell Rallies on Earnings Beat … Consumer Spending Data Due Today … United, US Airways Merger Stalls … Lower Oil Prices Buoy Stocks … Kerkorian Pledges to Continue Tender Offer in Ford … UBS Tax Fraud Probe Continues
Asian stocks up … European stocks up … The dollar is moving higher against the British pound … And the futures are trending higher in the hour before the bell.
Join CNBC guest commentator and TradingMarkets forex specialist Mark Whistler this afternoon at 1 p.m. live at TradingMarkets for his weekly forex Conference Call. Come find out what Mark sees coming up ahead in the currency markets and how traders can position themselves to take advantage of these opportunities. Click here to reserve your spot!
|
TradingMarkets 5 Business Stories You Need to Know |
Marvell Tech Up in Extended Trading – CNN Money
Quarterly profits and revenues that beat analyst estimates drove shares of this telecommunications chip maker higher in afterhours trading on Thursday. Marvell Technologies Group’s chips are components for both the popular BlackBerry and iPhone devices.
Marvell Technology Group has a Short Term PowerRating of 7. Does this make the stock one that traders should consider buying or consider avoiding? Find out with a free trial to our Short Term PowerRatings today!
Strong sales in countries like Brazil, Russia, India and China – the so-called “BRIC” nations – helped boost revenues and earnings at the leading personal computer maker in the first quarter.
Greenback Bests Yen – Bloomberg
The American dollar looks headed for its second consecutive monthly gain against the Japanese yen. Easing oil prices are among the factors cited by analysts.
Find out whether or not TradingMarkets forex specialist Mark Whistler thinks that dollar will continue to gain against the yen in his free weekly Conference Call today at 1 p.m. Eastern. Click here to reserve your spot now!
Hoarding or Just Plain Trading? – BusinessWeek
Investigations into the soaring price of crude oil have so far not lead to evidence of market manipulation, as some critics of the oil markets have alleged.
Exxon Won’t Go Green – National Public Radio
Exxon shareholders turned away efforts by descendents of the Rockefeller family to steer the oil giant toward a more environmentally conscious agenda.
Exxon is our Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. on Sunday to let us know whether or not you think Exxon will be up or down on Monday. Click here to register for free for your chance to win up to $11,000 by correctly guessing the direction of a stock!
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:
-
Countrywide Financial
(
CFC |
Quote |
Chart |
News |
PowerRating) spiked higher on Thursday as the company set a date at which shareholders will vote on the planned buyout by Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating). - Evergreen Solar
(
ESLR |
Quote |
Chart |
News |
PowerRating) was cut from “neutral” to “sell” by Merrill Lynch, which cited concerns about overcapacity for the company’s solar panel parts. - Falling by more than 9% on Thursday, Men’s Wearhouse
(
MW |
Quote |
Chart |
News |
PowerRating) disappointed investors with quarterly earnings that were below analyst estimates. - Mastercard Inc.
(
MA |
Quote |
Chart |
News |
PowerRating) rallied to a new record of $308.77 on Thursday as the company announced that it was increasing its profit target due to increased consumer demand for credit. - Profits that beat expectations and raised guidance for the fiscal year 2009 lead to big gains for Big Lots
(
BIG |
Quote |
Chart |
News |
PowerRating) on Thursday. - Shares of Exxon
(
XOM |
Quote |
Chart |
News |
PowerRating) were off moderately on Thursday as an attempt to split off the company chairmanship from the job of the chief executive officer failed.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Wimm-Bill Dann Foods ADRs | WBD | 9 |
| Hess Corporation | HES | 9 |
| Valco Energy Inc. | EGY | 9 |
| Suncor Energy | SU | 8 |
| Stillwater Mining Company | SWC | 8 |
| View More Stocks |
|
TradingMarkets Tracking the Wizards |
Tune in to TradingMarkets.com at 1 p.m. on Friday for a free, live conference call with CNBC guest commentator and TradingMarkets forex specialist Mark Whistler. Will the dollar continue to gain against the yen? Will the Euro continue its bull run? Find out the answers to these and other questions on the minds of FX traders today at 1 p.m. with Mark Whistler. Click the headline above to reserve your spot!
The Importance of Prior Price Levels – TradingMarkets
Austin Passamonte discusses how traders can spot potential reversals by focusing on the behavior of markets as they approach key price levels they have tested in the past.
Predicting the Fed Funds Rate – TradingMarkets
TradingMarkets contributor Edward Talisse helps reveal some of the mystery surrounding Federal Reserve Fed funds rate decision-making – and how traders can profit from the Fed’s moves.
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.