Monday Morning Coffee with TradingMarkets
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Good Morning! |
JPMorgan Chase to Increase Offer for Bear Stearns… Tiffany & Co., Walgreen Beats Estimates… Marathon to Gain Stake in Ship Owner… Credit Crunch Hurting Savers… Wall Street Firms to Cut 34,000 Jobs.
Asian stocks mixed… European stocks down… Dollar rises… And the futures are pointing to a higher open.
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TradingMarkets 5 Business Stories You Need to Know |
J.P. Morgan Nears Deal To Increase Bear Bid – Wall Street Journal
J.P. Morgan Chase is near an agreement to quintuple the price it will pay for Bear Stearns to $10 a share, according to a person familiar with the situation.
Tiffany Says Profit Exceeded Analysts’ Estimates – Bloomberg
Tiffany & Co., the world’s second- largest luxury-jewelry retailer, said fourth-quarter profit fell, beating some analysts’ estimates after international revenue surged and the company boosted sales of more-profitable pieces.
Wall Street’s Crisis – The Economist
What went wrong in the financial system – and the long, hard task of fixing it.
Pension Savings Hit as Credit Crunch Continues – Reuters
Hard-pressed consumers are being forced to ditch retirement savings to meet the soaring cost of living, a survey showed on Monday.
Retail Stars of the Recession – Time
While many chain stores are shutting down due to the lagging economy, some are thriving in spite of it.
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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Nike
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PowerRating) jumped 8.4% after beating earnings estimates. - Carnival Corp.
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PowerRating) also gained 8.4% after reporting earnings above expectations. - Shares of CIT Group
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PowerRating) plunged as much as 42%, before closing down 17%, after Fitch Ratings said the company may need to use a $7.3 billion backup credit line. - Bain Capital and its Chinese partner dropped their $2.2 billion bid for 3Com
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PowerRating) after failing to reach an agreement that would satisfy the U.S. government’s national security concerns. - After the close, Palm
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PowerRating) missed estimates by -$0.02, reporting a loss of -$0.16 per share. - Before the market open on Monday, Walgreen
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PowerRating) beat estimates by $0.02. - Do you think Goldman Sachs
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PowerRating) will close up or down on Tuesday? Play TradingMarkets Up or Down Daily Stock Contest for the chance to win $1000 every month by predicting the direction of a stock.
For a list of today’s highest PowerRating stocks, click here.
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TradingMarkets 5 Top PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| iShares Silver Trust | SLV | 9 |
| Randgold Resources | GOLD | 8 |
| SPDR S&P Metals & Mining ETF | XME | 8 |
| Terra Industries | TRA | 8 |
| Petroleum Development | PETD | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Investing Wisdom from Billionaire Ken Fisher – TradingMarkets
Few money managers are more visible than Ken Fisher, CEO and Founder of Fisher Investments. In this interview with Mr. Fisher, you will find out why–and how he is positioning the accounts of his high net worth clients.
How to Leverage Your Trading Dollars with Ultra ETFs – TradingMarkets
There may be as many ways to trade the market as there are traders who want to do so. But the difference between the professionals and the amateurs when it comes to trading is that the majority of professional traders know that the edge lies in buying markets when they are weak and selling them when they are strong.
5 Secrets to Successful Stock Investing – TradingMarkets
Our FREE REPORT: 5 Secrets to Successful Stock Investing will teach you everything you need to know about buying the right stocks at the right time.
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