Monday Morning Coffee with TradingMarkets
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Good Morning! |
Cuomo Sets Sights on Citi … Yahoo! Meeting End with Yang On Top … Slowing Growth Limits Aussie Rate Hike Options … Bull Market in Crude Threatens Bull Market in Globalization … How to Spot a Market Bottom
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TradingMarkets 5 Business Stories You Need to Know |
Cuomo vs Citigroup? – Wall Street Journal
New York Attorney General Andrew Cuomo hints at fraud, destruction of evidence charges as the SEC subpoenas Citigroup for records on how the company handled its auction-rate securities.
Citigroup is the Featured Stock in our Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think Citigroup will be Up or Down on Tuesday. Click here to play our TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!
Yahoo! Stands By its Man – BusinessWeek
Yahoo shareholders continue to back the team on the field, with few signs of second guessing the company’s decision to rebuff Microsoft’s attempted takeover.
Aussie Likely Stands at 7.5% – DailyFX
Slowing job growth is among the reasons why analysts believe the Australian central bank will keep its benchmark rate at 7.25%
Can Globalization Still Pay its Way? – New York Times
Crude oil’s latest victim? Globalization, as the rising cost of crude oil drags the cost of international shipping higher with it.
Waiting to Hate Stocks – Barron’s
In his unique curmudgeonly fashion, Barron’s Alan Abelson reminds us once again of what sort of sentiment is truly required long before any talk of markets bottoming should be heeded.
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:
- General Motors
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PowerRating) reported a massive quarterly loss of more than $15 billion . Declining sales in North America were among the factors blamed. - At the annual shareholder meeting of Yahoo!
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PowerRating), embattled CEO and founder Jerry Yang said that the company would soon see results from its new web strategy. - With union contracts expiring over the weekend, workers at Verizon
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PowerRating) are not anticipated to immediately launch an already-authorized strike. - By a 3-2 vote, the Federal Communications Commission found that Comcast
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PowerRating) had operated improperly in blocking Internet access from customers who use peer-to-peer (P2P) file sharing. - According to published reports, Wal-Mart
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PowerRating) has been warning its managers and workers of the likelihood of renewed organized labor activity should a Democrat win the Presidential election in November. - Reporting earnings Monday morning before the market opens, Humana
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PowerRating) is expected to announce EPS of $1.18. - Citigroup
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PowerRating) acknowledged that it had received subpoenas from the SEC about its dealing in auction-rate securities and potential violations of federal securities laws.
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 |
| VNUS Medical Technology Inc. | VNUS | 9 |
| Westinghouse Air Brake | WAB | 8 |
| Tupperware Brands | TUP | 8 |
| Quantum Fuel Systems | QTWW | 8 |
| Omega Protein Corporation | OME | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Let Your Trading System Lead – TradingMarkets
In part 3 of TradingMarkets Select Contributor Markus Heitkoetter’s “9 Tips to Trading Without Emotion”, traders are reminded to focus on following their trading strategy, not their profits and losses.
Dedication and Discipline: Market Timing with Tom DeMark, Part 2 – TradingMarkets
Click the headline above to read the second part of our interview with trader and market timer Tom DeMark, who has worked with some of the best traders in the business from Paul Tudor Jones to Stephen Cohen.
The 4 Staples of Interpreting Price Action – TradingMarkets
TradingMarkets Select Contributor Chris Capre provides this primer on what traders need to know about how prices move – and why – before they trade.
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