Thursday Morning Coffee with TradingMarkets
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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 Unit – Wall 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 Sales – MarketWatch
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 Fall – NY 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 Years – TheStreet
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.
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Ford
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PowerRating) agreed to sell its Jaguar and Land Rover luxury brands to Tata Motors
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PowerRating) for $2.3 billion in cash. - Shares of Jabil Circuit
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PowerRating) fell sharply after the company lowered third quarter guidance. - Deutsche Bank
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PowerRating) also issued a gloomy outlook, saying full year 2008 profit may fall short of projections due to the credit crisis. - After the market close, Oracle
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PowerRating) reported earnings of $0.30, in-line with estimates. However, sales growth disappointed and ORCL shares moved lower in the pre-market. - And, Paychex
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PowerRating) reported earnings that were in-line. - Before the market open, ConAgra Foods
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PowerRating) beat estimates by $0.22 per share and agreed to sell its trading unit for $2.13 billion..
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 |
| ALPHARMA | ALO | 8 |
| CHC Helicopter | FLI | 8 |
| MultiFineline Electronix | MFLX | 8 |
| Ceradyne | CRDN | 1 |
| A. M. Castle & Co. | CAS | 1 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Join Larry Connors at 12:00PM (ET) on Thursday – TradingMarkets
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 Investing – TradingMarkets
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Building Great Traders: The TradingMarkets Battle Plan for Stocks – TradingMarkets
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