Thursday Morning Coffee with TradingMarkets
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Good Morning! |
Will a merger with Dish Save DirecTV? … Cisco Boosts Tech Stocks … Greenback Rallies Rate Hike or Not … Selling Facebook Shares … AIG Announces $5 Billion
in Writedowns …
If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!
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TradingMarkets 5 Business Stories You Need to Know |
DirecTV + Dish Network? – Reuters
Following the lead of the two leading satellite radio broadcasters, DirecTV and rival Dish Network may be moving closer to a merger, according to published
reports.
DirecTV is the Featured Stock in our Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think DirecTV will be Up or Down on Friday. Click here to play our TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!
Cisco Beats, Boosts Tech Stocks – Network World
Surpassing analysts’ earnings estimates by a penny and maintaining a conservative but positive forecast was enough to send traders and investors alike on a hunt for
rising Cisco shares on Wednesday.
Can the Dollar Keep Rising? – DailyFX
Dollar bulls don’t need no stinkin’ rate hike to keep their rally flags waving proudly. At least that’s how traders seems to be feeling in the wake of the Fed’s decision to
stand pat earlier this week. DailyFX strategists John Kicklighter and Antonio Sousa analyze how long these feelings are likely to last.
AIG: More than $5 Billion in Writedowns – Bloomberg
The housing slump continues to bleed financial companies dry as the world’s largest insurer reported that its quarterly earnings had been completely devoured by
mortgage-related losses.
Insiders Selling Facebook – BusinessWeek
Growing numbers of executive at the social networking company, Facebook, are unloading their shares in the company. And they are not waiting around for quality
bids, either.
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:
- Cisco
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CSCO |
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PowerRating) beat earnings estimates by a penny Tuesday evening after the market closed. The stock closed up more than 6% on Wednesday. - A UBS analyst reported that Microsoft
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MSFT |
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PowerRating) was planning a $20 billion share buyback program to help boost the company’s falling stock price. - Cardinal Health
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CAH |
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PowerRating) reports earnings Thursday morning before the market opens. Analysts expect EPS of $0.95. - An accounting change has helped AMBAC Inc.
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ABK |
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PowerRating) make its largest quarterly earnings gain since the company went public 17 years ago. The stock closed up more than 23%. - Traders made Freddie Mac
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PowerRating) one of the worst performers in the S&P 500 on Wednesday after the mortgage giant reported its fourth straight quarterly loss and would be cutting its dividend from a quarter to a nickel. - Whole Foods Inc.
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WFMI |
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PowerRating) fell by more than 13% on Wednesday after missing analyst estimates by seven cents in its earnings announcement after the bell on Tuesday. - Reporting earnings Thursday morning before the bell, DirecTV
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DTV |
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PowerRating) is expected to announce earnings per share of $0.40.
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 |
| Encore Acquisition Company | EAC | 9 |
| Clayton Williams Energy Inc. | CWEI | 9 |
| Boston Beer Inc. | SAM | 8 |
| Rigel Pharmaceuticals Inc. | RIGL | 8 |
| Western Union Company | WU | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Battle Plan Conference Call Today at Noon – TradingMarkets
Join TradingMarkets CEO and co-founder Larry Connors and TradingMarkets Editor David Penn as they provide their analysis of the market in the near term, as
well as tips and strategies that short term swing traders can use to take advantage of the increase in volatility. The Conference Call begins at 12 noon Eastern. Click
the headline above to reserve your spot.
How to Beat the Bear Market – TradingMarkets
Bear markets thrive on hope and despair. TradingMarkets Select Contributor John Nyaradi shows traders how they can not only survive but actually prosper when
stocks seem capable of only moving lower.
Midnight Trader Earnings Play: Sirius Satellite Radio – TradingMarkets
With earnings due Thursday for Sirius Satellite, Midnight Trader author Brooks McFeely lets traders know what to expect, what to watch for, and how to play any
surprise to the upside or downside.
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