Tuesday Morning Coffee with TradingMarkets
 |
Good Morning! |
DOJ Clears Sirius-XM Merger… Bank of China Profit Climbs 31%… Fortress Investment Group Slips into the Red… European Money Market Rates Rise to Highest Level in 2008… MGIC Raises Capital, Sells $745M in Stock and Debt.
Asian stocks up… European stocks up… Treasuries rise… Dollar drops… And the futures are pointing to a higher open.
Take the TradingMarkets Path to Professional Trading – Level 1 course and immediately improve your trading. It’s free! Start here.
|
TradingMarkets 5 Business Stories You Need to Know |
XM, Sirius Move Closer to Improbable Merger – Wall Street Journal
The Justice Department approved the merger of Sirius and XM, saying the deal will not harm competition.
MGIC Sells $745 Million in Stock, Debt to Raise Cash – Bloomberg
MGIC Investment, the largest U.S. mortgage insurer, raised $745 million, more than it projected, with the sale of stock and convertible debt after a record fourth-quarter loss.
Fortress Posts Q4 Loss – Reuters
Hedge fund and private equity company Fortress Investment Group reported a fourth-quarter loss due to higher compensation costs.
Valero to Fall Short of Lowered Profit Mark – MarketWatch
Valero Energy moves into the energy spotlight on Tuesday, likely to trade weaker after the gasoline producer said it would miss its first-quarter earnings target because of rising prices for raw materials and unexpected costs incurred at its refineries.
Dollar Gives Up Gains As Risk Appetite Returns – Daily FX
After a quiet holiday week-end traders returned to the currency market emboldened to take on more risk by plowing into the high yielders as equity markets across the globe recorded triple digit gains.
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:
-
JPMorgan Chase
(
JPM |
Quote |
Chart |
News |
PowerRating) increased its offer for Bear Stearns
(
BSC |
Quote |
Chart |
News |
PowerRating) to $10 a share, from $2 a share, and agreed to buy 39.5% of the company without a shareholder vote. - Sirius Satellite Radio
(
SIRI |
Quote |
Chart |
News |
PowerRating) won U.S. anti-trust approval from the the Justice Department to complete its acquisition of XM Satellite Radio
(
XMSR |
Quote |
Chart |
News |
PowerRating). - Sherwin-Williams
(
SHW |
Quote |
Chart |
News |
PowerRating) lowered first quarter guidance to $0.56 – $0.61 range per share, versus estimates of $0.77. - Shares of Tiffany & Co.
(
TIF |
Quote |
Chart |
News |
PowerRating) jumped after the company reported earnings that beat estimates by $0.06. - Before the market open on Tuesday, Fortress Investment Group
(
FIG |
Quote |
Chart |
News |
PowerRating) missed estimates by -$0.60, reporting a quarterly loss of -$0.43 per share.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 Top PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| iShares Silver Trust | SLV | 9 |
| Randgold Resources | GOLD | 9 |
| United States Oil Fund ETF | USO | 8 |
| TXCO Resources | TXCO | 8 |
| Trico Marine Services | TRMA | 8 |
| View More Stocks |
|
TradingMarkets Tracking the Wizards |
Building Great Traders: The TradingMarkets Battle Plan for Stocks – TradingMarkets
The TradingMarkets Battle Plan for Stocks is your daily “How To” trading guide, filled with the quick, to-the-point commentary and analysis, as well as what you as a short-term stock trader need most.
5 Secrets to Successful Stock Investing – TradingMarkets
Our FREE REPORT: 5 Secrets to Successful Stock Investing will teach you everything you need to know about buying the right stocks at the right time.
Investing Wisdom from Billionaire Ken Fisher – TradingMarkets
Few money managers are more visible than Ken Fisher, CEO and Founder of Fisher Investments. In this interview with Mr. Fisher, you will find out why–and how he is positioning the accounts of his high net worth clients.
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.