Thursday Morning Coffee with TradingMarkets
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Good Morning! |
Retail Earnings Up at Costco, Big Lots … Fewer SUVs, Trucks, More Cars from GM … Sears Reports Worse Losses Than Expected … Upward Revision Expected to GDP … Dollar Rallies to One-Week High Against Euro …
Asian stocks up … European stocks up … The dollar is moving higher against the yen … And the futures are mixed in the hour before the bell.
Join TradingMarkets CEO and co-founder Larry Connors today at noon for his free, live weekly teleconference at TradingMarkets.com. Find out where the biggest pullbacks and the greatest opportunities for short term stock traders lie this afternoon at 12. Click here to reserve your spot.
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TradingMarkets 5 Business Stories You Need to Know |
Privatizing Expedia? – LA Times
Rumors that chairman Barry Diller may seek to take the Internet travel planning website private sent the stock higher on Wednesday.
Expedia is the featured stock in our TradingMarkets Up or Down Stock Contest. You’ve got until 4 p.m. Eastern to tell us whether or not Expedia will be up or down on Friday. Click here to register for our free contest and your chance to win $1,000 a month by correctly guessing the direction of a stock.
Costco reported earnings that were above analyst expectations this morning, with strong revenues from lower priced food and gasoline. Sears, for its part, announced profits and revenues that were less than expectations.
About That Dollar Rally – DailyFX
DailyFX chief strategist Kathy Lien talks about how a disappointing durable goods number lead to blunting the greenback’s new-found strength.
Find out what CNBC guest commentator and TradingMarkets contributor Mark Whistler has to say about the FX markets in his free, live weekly teleconference on Friday, May 30 at 1 p.m. at TradingMarkets.com. Click here to reserve your spot now!
Bear Stearns Post-Mortem – Wall Street Journal
A look back on how Bear Stearns got into trouble in the mortagage debt debacle and some speculation on how the chain of events leading to the sale of the company might have been avoided. Part Three of Three.
Dark Clouds Over Dell – Forbes
A recent New York judge’s ruling that Dell engaged in “misleading, deceptive and unlawful business conduct” toward its customers only added to the concerns that investors have about computer maker Dell.
Dell has a Short Term PowerRating of 3. Does that make Dell a stock that traders should be thinking about buying or thinking about selling? A free trial to our Short Term PowerRatings is the fastest way to find out.
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:
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Dow Chemical
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PowerRating) announced its decision to raise prices on all products by as much as 20% by the first of June to deal with rising commodity costs. - Hedge fund manager David Einhorn claimed that the $6 billion raised by Lehman Brothers
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PowerRating) will not be enough to cover the company’s credit-related losses. - Reporting earnings before the bell on Thursday, Costco
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PowerRating) announced earnings of $0.67 per shares, beating analyst estimates. - Shares of Dryships
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PowerRating) were up more than 9% on Wednesday as the business of transporting commodities across international waters continues to benefit shippers. - Fears of sluggish advertising sales growth led investors and traders to sell shares of Viacom
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PowerRating) on Wednesday. The stock was down by more than 4% on the day. - Dell
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PowerRating) is scheduled to report earnings on Thursday after the close. Analysts are expecting EPS of $0.33. - Expedia
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PowerRating) moved higher by more than 4% on Wednesday as speculation grew that Barry Diller, chairman of the company, would seek to take the company private.
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 |
| STEC Inc. | STEC | 9 |
| FieldPoint Petroleum Company | FPP | 9 |
| Warren Resources Inc. | WRES | 8 |
| NextWave Wireless | WAVE | 8 |
| TiVo Inc. | TIVO | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Come join Kevin Haggery, professional traders and former head of the Fidelity Capital Markets trading desk, as he breaks down the current market and shows where traders can find opportunity amidst the volatility. You can catch Kevin live at TradingMarkets at 12:30 p.m. today by clicking the headline above to reserve your spot now.
Trading Catastrophe: A First-Timer’s Big Loss – TradingMarkets
Sooner or later it happens to every trader: the Big Loss. Forex trader Rob Booker discusses his first time in this excerpt from his book, Adventures of a Currency Trader.
Larry Connors Live at Noon – TradingMarkets
Join TradingMarkets CEO and co-founder Larry Connors for his live, free weekly teleconference today at 12 noon Eastern. Stocks on pullback, markets overbought and rallying higher, the VIX becoming more and more stretched … all this and more are a regular part of Larry’s comprehensive weekly analysis and conversation. Click the headline above to reserve your spot..
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