Monday Morning Coffee with TradingMarkets

  • June 16, 2008
  • David Penn

Good Morning!

Securities Fraud Charges Pending Against Bear Stearns Hedge Fund Managers … AIG CEO Sullivan Steps Down … Sirius, XM Satellite Radio Merger Approved by FCC Staff … Lehman Brothers Reports $2.8 Billion Q2 Loss as Expected … Nvidia, AMD Develop Next Generation Graphics Chips …


Asian stocks up … European stocks down … The dollar is moving higher against the Euro … And the futures are largely flat in the hour before the bell.

Take the TradingMarkets Path to Professional Trading – Level 1 course and immediately improve your trading. It’s free! Start here!

TradingMarkets 5 Business Stories You Need to Know


Does Yahoo Deal Make Too Much of Google? – The Independent

Yahoo!’s Microsoft-avoiding deal with Google threatens to give the search engine titan even more control over advertising online – a development that many UK

advertisers in particular are not looking forward to with much optimism.

Google is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You

have until 4 p.m. today to tell us whether you think Google will be up or down on Tuesday. Click here to register for free for your chance to win $1,000 each month by correctly guessing

the direction of a stock!

Bear Stearns Fund Managers

Face Criminal Charges – Wall Street Journal

Investigators are prepared to indict a pair of Bear Stearns hedge fund managers whose collapsing funds were among the first casualties of the subprime mortgage lending

crisis.

Dollar Bounce or Dollar

Rally? – DailyFX

The DailyFX currency analyst team takes a look at the odds that the U.S. Dollar will continue to move higher against rivals such as the Euro.

Find out what CNBC guest commentator and TradingMarkets FX specialist Mark Whistler sees in the EUR/USD and a host of other currency pairs every Friday at his free

weekly Conference Call. Click here to reserve your spot today!

AIG Replaces CEO Sullivan –

Financial Times

Executive changes at the top of the world’s largest financial institutions continue as American International Group announces the end of Martin Sullivan’s three-year

tenure as CEO.

Microsoft After Yahoo – Washington Post

Its bid to takeover Yahoo having failed, can Microsoft create an niche for itself in the online advertising space on its own?

Microsoft has a Short Term PowerRating of 4. Do you think this means Microsoft is a stock that traders should consider buying, or a stock that traders should

consider avoiding? Find out how to trade stocks like Microsoft 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:

  • Days after rallying on optimism on overseas sales, shares of Coca Cola
    (
    KO |
    Quote |
    Chart |
    News |
    PowerRating)     fell on Friday on the news that bottler Coca Cola Hellenic would

    be cutting sales and profit forecasts for the year due to rising raw materials costs.

  • Capital-raising and dividend-cutting appear to be in the future for Fifth Third Bancorp
    (
    FITB |
    Quote |
    Chart |
    News |
    PowerRating)    , according to analysts at BMO Capital Markets.

    The stock was among Friday’s biggest losers.

  • In the face of a $46.3 billion dollar bid from Belgian brewer InBev, Anheuser-Busch
    (
    BUD |
    Quote |
    Chart |
    News |
    PowerRating)     announced that it was in talks about a possible deal

    with Mexican beer maker, Grupo Modelo instead.

  • Lehman Brothers Holdings
    (
    LEH |
    Quote |
    Chart |
    News |
    PowerRating)     was among the day’s biggest gainers as investors bid the stock higher on news that Blackrock had purchased

    shares of the company during a secondary offering earlier this week.

  • Yahoo!
    (
    YHOO |
    Quote |
    Chart |
    News |
    PowerRating)     announced that it has ended talks with Microsoft
    (
    MSFT |
    Quote |
    Chart |
    News |
    PowerRating)     and instead completed a search partnership deal with rival Google
    (
    GOOG |
    Quote |
    Chart |
    News |
    PowerRating)    .

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company
 Symbol PowerRatings
Mexico Energy Corp MXC 9
Abraxas Petroleum Company ABP 9
WSI Industries Inc. WSCI 8
Western Digital Corp WDC 8
Verigy Ltd. VRGY 8

View More Stocks

TradingMarkets Tracking the Wizards


Making Great Traders – The Best of the Week’s Trading Lessons – TradingMarkets

Did you catch TradingMarket’s contributor Steven Gabriel”s discussion of how he became “almost” a trader for a living? Eddie Kwong sits down with this physician

turned physician/trader to learn how he does it. Last week’s lessons also featured a great analytical piece from reigning King of the Candlesticks, Steve Nison,

discussing ways that traders can use Japanese candlesticks techniques to anticipate – rather than merely react to – market moves. Read all this and more in our review

of the best of the week that was at TradingMarkets.com!

May Up or Down Contest Winner Counts on Luck and Past

Performance – TradingMarkets

Meet Jing Mai – who is $1,000 richer after becoming the TradingMarkets Up or Down Stock Contest Winner for the month of May.

The Importance of Knowing Your Trading Style –

TradingMarkets

Which markets will I trade? How will I analyze them? What strategies will work best for me? TradingMarkets Select Contributor Toni Hansen helps traders answer

these questions in her latest article for TradingMarkets.

Click here to sign up for the Morning Coffee with

TradingMarkets newsletter.