Thursday Morning Coffee with TradingMarkets

Good Morning!

ConAgra to Sell Trading Unit for $2.1B… Oracle Disappoints… Williams-Sonoma Lowers Forecast… Lennar Falls into the Red … KPMG at Fault in Lender’s Bankruptcy… Meriwether in Trouble Again, 10-Years After LTCM Collapse… Money Market Rates Climb.

Asian stocks mixed… European stocks up… Dollar higher versus euro… And the futures are pointing to a higher open.

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TradingMarkets 5 Business Stories You Need to Know

ConAgra to Sell Trading UnitWall Street Journal

ConAgra agreed to sell its commodity trading and merchandising division to hedge fund Ospraie Management for $2.13 billion.

Oracle Shares Slide on Disappointing SalesMarketWatch

Shares of Oracle slid as much as 8% in pre-market trading Thursday after the company’s quarterly sales disappointed Wall Street.

Inquiry Assails Accounting Firm in Lender’s FallNY Times

A sweeping five-month investigation into the collapse of one of the nation’s largest subprime lenders points a finger at a possible new culprit in the mortgage mess: the accountants.

Euro Consolidates Gains – A Run for 1.6000?Daily FX

After a wave of profit taking in early European session that was triggered by technical rather than fundamental concerns, the EUR/USD recovered most of its losses.

Banks Post Worst Earnings in 17 YearsTheStreet

As the mortgage crisis unfolds, many of the largest banks and thrifts have been making ever-higher provisions for loan-loss reserves.

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:

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
ALPHARMA ALO 8
CHC Helicopter FLI 8
MultiFineline Electronix MFLX 8
Ceradyne CRDN 1
A. M. Castle & Co. CAS 1

View More Stocks

TradingMarkets Tracking the Wizards

Join Larry Connors at 12:00PM (ET) on ThursdayTradingMarkets

Hosted by TradingMarkets Senior Editor David Penn, we will conduct a Live Teleconference with Larry Connors, trader, Founder and CEO of TradingMarkets.com on the current state of the markets and much more…

5 Secrets to Successful Stock InvestingTradingMarkets

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.

Building Great Traders: The TradingMarkets Battle Plan for StocksTradingMarkets

The TradingMarkets Battle Plan for Stocks is your daily “How To” trading guide, filled with the quick, to-the-point commentary and analysis, as well as what you as a short-term stock trader need most.

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