Tuesday Morning Coffee with TradingMarkets

  • April 22, 2008
  • Ashton Dorkins

Good Morning!

Royal Bank of Scotland’s $24B Cash Call… McDonald’s Earnings Rise… AT&T, Dupont Profits Jump… CME Misses Estimates… United Health Misses Forecast, Lowers Outlook… Wyeth Profit Falls… Lockheed-Martin Net Increases… UAL Reports Wider Loss.

Asian stocks mixed… European stocks up… Dollar down… And the futures are pointing to a lower open.

Would you like to improve your trading? TradingMarkets would like to invite you to a private 30-minute conference call with TradingMarkets CEO and Founder Larry Connors on Tuesday April 22, 2008 at 4:30 pm ET.

Larry will discuss the upcoming new TradingMarkets Swing Trading College (STC). STC is a 14-session, online course which will provide you with the latest trading research and strategies to professionally swing trade stocks, options, ETFs, E-minis, and futures. Click here to sign-up.

TradingMarkets 5 Business Stories You Need to Know

RBS Seeks $24 Billion Capital Boost – Wall Street Journal

Royal Bank of Scotland, stretched by the credit crisis and its ABN Amro purchase, took a further $11.69 billion in pretax write-downs and will ask shareholders to approve a $23.78 billion rights issue while seeking disposal of noncore assets.

AT&T Profit Expands More than 20% – MarketWatch

AT&T reported first-quarter earnings jumped 22%, as the giant phone company added 1.3 million net wireless customers and was largely unaffected by a slowing U.S. economy.

DuPont Profit Jumps 26% on Crop Seeds, Pesticides – Bloomberg

DuPont, the third-biggest U.S. chemical company, said first-quarter profit rose 26 percent as record grain prices boosted sales of pesticides and genetically modified corn and soybean seeds.

Oil: How High from Here? – BusinessWeek

Prices could reach new record highs as traders bid up oil in reaction to a weak U.S. dollar brought on by low interest rates.

2008 Fortune 500: Wal-Mart’s No. 1 – CNN Money

The retail giant is on top for the second year in a row, while AT&T moves up and GM slips. See who ranks where on the definitive list of America’s largest companies and why.

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
USANA Health Sciences USNA 8
NightHawk Radiology NHWK 8
Cheniere Energy LNG 8
Meritage Homes MTH 8
JAKKS Pacific JAKK 8

View More Stocks

TradingMarkets Tracking the Wizards

The Last Good Trade: Bank of America (BAC) – TradingMarkets

Bank of America was in the news yesterday because its announcement of $2 billion in write-downs and word that the company had a 77% decline in profits in the first quarter…

Tips to Help You Trade Like the Pros – TradingMarkets

Few other fields have more published rules and guidelines than trading.

Free Report! The Only 3 Options Trading Strategies You’ll Ever Need – TradingMarkets

There may be as many ways to trade the market as there are traders who want to do so. But the difference between the professionals and the amateurs when it comes to trading is that the majority of professional traders know that the edge lies in buying markets when they are weak and selling them when they are strong.

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