Thursday Morning Coffee with TradingMarkets

Good Morning!

Washington Mutual, Lehman Lead Financials Lower … New Zealand Cuts Its Rate to 7.5%, Brazil Raises to 13.75% … $35 Billion Tanker Deal Pending Until January … General Motors Gains More than 6% … ImClone Says “Too Low” to Bristol Bid

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TradingMarkets 7 Stocks You Need to Know for Thursday

Here are 7 stocks for traders for Thursday from TradingMarkets.com:

  • The Pentagon has announced that it will be unable to award a $35 billion dollar tanker contract before January. Both Boeing
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    and Northrop Grumman
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    are competing for the contract initially awarded to Northrop Grumman.

  • A narrowed range for revenues and earnings did not affect the in-line guidance provided by Texas Instruments
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    , which encouraged traders to bid
    shares of the stock higher at the open, though the stock closed lower on the day.

  • Shares of Lehman Brothers Holdings
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    fell on Wednesday by another near 7%, making its year-to-date decline just shy of 90%.

  • Campbell Soup {CPB|CPB] reports earnings Thursday morning before the market opens. Analysts are expecting EPS of $0.25.

  • ImClone Systems
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    rejected a bid from Bristol Meyers Squibb
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    , saying the company was worth more and that a potential bidder that remained unnamed was willing to pay $70 per share compared to Bristol Meyers $60 per share.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Sapient Corporation SAPE 9
Ultratech Inc. UTEK 8
SAP Ag SAP 8
Netscout Systems Inc. NTCT 8
Cabot Microelectronics Corporation CCMP 8

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