Monday Morning Coffee with TradingMarkets
 |
Good Morning! |
Lehman Loses $2.8 Billion in Q2 … Floods Drive Corn to Record Highs … Shareholders Revolt at AIG … McDonald’s Same Stores Sales Up Internationally … Gasoline Averages $4 Gallon Nationwide … Oil Fears Drive Asian Stocks Lower … Siemans AG Earnings Outlook to Improve … Celtics Take 2-0 NBA Finals Lead Over Lakers …
Asian stocks down … European stocks down … The dollar is moving higher against the yen … And the futures are trending higher in the hour before the bell.
Join CNBC guest commentator and TradingMarkets FX specialist Mark Whistler as he
introduces his new Forex Elite Trading Seminar Tuesdy at noon. Click here to reserve your spot.
|
TradingMarkets 5 Business Stories You Need to Know |
GE’s NBC Universal Scores with “The Strangers” – Reuters
General Electric’s NBC Universal unit continues to produce, most recently with horror-thriller, “The Strangers,” which remained in the box office top five again this
weekend.
General Electric is our Featured stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. today to tell us whether or not General Electric will
be up or down on Tuesday. Click here to register for your chance to win $1,000 a month by correctly guessing the direction of a stock!
The country’s fourth largest investment bank reported that it would raise more capital than initially believed, as the company announced second quarter losses of nearly $3 billion.
Greenback Fate = Bernanke v. Trichet – DailyFX
Will the dollar rally resume? It all depends on which central bank is more determined to squeeze inflation from their domestic economies. DailyFX currency
specialists Boris Schlossberg, John Klicklighter, Terri Belkas, Antonion Sousa, Ilya Spivak and John Rivera look at the issues and the odds.
Have you been waiting for the right moment to start trading? Join CNBC guest commentator and TradingMarkets FX specialist has he guides you through THREE DAYS of life and labor as a forex trader. First learn the strategies, then watch Mark trade them live for three consecutive days. Click here to find out more about Mark Whistler’s Forex Elite Trading Seminar June 15, 16 and 17.
Undervalued Alcoa? – Barrons
The laggard among the big miners worldwide, Alcoa may be the subject of a takeover if competitors begin to recognize the company’s true value, according to a
weekend report from Barrons.
National Semiconductor Beats, Lags? – Schaeffers Research
Lower profit beats expectations. Is the chip downturn over and, if so, is National Semiconductor the best way for traders to play it?
National Semiconductor has a Short Term PowerRating of 2. Does this mean that National Semiconductor is a stock traders should consider buying or a stock that
traders should consider avoiding? Find out just how to trade 2-rated stocks like National Semiconductor with a free trial to our Short Term PowerRatings!
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:
-
National Semiconductor
(
NSM |
Quote |
Chart |
News |
PowerRating) ended the day up more than 4% on Friday after announcing that the company’s next fiscal year earnings per share would be higher by as much as 20%. - Higher fuel costs and cutbacks by air carriers contributed to another day of selling in shares of Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) on Friday. The stock finished the day down more than 5%. - American International Group
(
AIG |
Quote |
Chart |
News |
PowerRating) was the biggest decliner in the Dow industrials on Friday, losing more than 6%. AIG is reportedly under investigation by the SEC for alleged overvaluing of subprime mortgage related swaps. - Carl Icahn continued his campaign to force Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating) CEO Wang to sell the company to Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) – albeit at a premium to Microsoft’s original offer. Icahn accused the Yahoo! chief of “dancing around.” - A Federal Trade Commission probe into Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) and its alleged dominance of the computer processor market was announced today. - Ad sales for NBC were surprisingly strong given the concerns over the economy and consumer spending. NBC is owned by General Electric
(
GE |
Quote |
Chart |
News |
PowerRating), which was down 3% on Friday amid the overall bearish tone of the market.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Beacon Power Company | BCON | 10 |
| Encore Wire Corporation | WIRE | 8 |
| Teradyne Corporation | TER | 8 |
| Trinity Industries | TRN | 8 |
| Savient Pharmaceuticals | SVNT | 8 |
| View More Stocks |
|
TradingMarkets Tracking the Wizards |
Making Great Traders – The Best of the Week’s Trading Lessons – TradingMarkets
Did you miss Part 2 of our conversation with CANSLIM star trader Gil Morales? How about some insights into how to use directional movement (ADX) properly
from veteran trader Chuck LeBeau? Check out our review of the best of the week that was at TradingMarkets.com!
Jing Mai Wins the May Up or Down Stock Contest! – TradingMarkets
Many came, but only one is now richer by $1,000 for winning the TradingMarkets Up or Down Stock Contest for the month of May. Congratulations to Jing Mai –
our TradingMarkets Up or Down Stock Contest Stock Picker of the month! Competition for the June prize has just begun. So click the headline above for your
chance to win $1,000 each month by correctly guessing the direction of a stock!
The Benefit of Using Limit Orders over Market Orders – TradingMarkets
When it comes to taking – and exiting positions – two options typically confront traders: choose your price or take the price you get. TradingMarkets contributor
Timothy Sykes gives you the skinny on why the former option – limit orders – tends to be better for most traders, most of the time.
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.