Tuesday Morning Coffee with TradingMarkets
Asian stocks up … European stocks down … The dollar is moving higher against the yen … And the futures are
mixed to flat in the hour before the bell.
Session 5 of our Swing Trading College is Tuesday night at 6 p.m.
Eastern and will be led by TradingMarkets CEO and co-founder Larry Connors. Session Five focuses on strategies for trading exchange traded funds.Click here to learn more about one of the most popular products we have ever offered to short term traders!
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TradingMarkets 5 Business Stories You Need to Know |
The
Bud Buyout –
Could the rumors of a takeover of Anheuser Busch by European distille InBev turn out to be nothing more than
foam?
BUD was our TradingMarkets Up or Down Stock Contest Featured Stock on Friday. You’ve got until 4 p.m.
Eastern today to tell us whether or not you think BUD will be up or down on Wednesday. Register
now for
your chance to win $1,000 each month by correctly predicting the direction of a stock!
Housing
Slump Hammers Dollar – Bloomberg
Fears of a continued housing slowdown and the spectre of even more prolonged weakness in housing prices in
the United States continue to weigh on the dollar as traders began to back away from suspicions that the Federal
Reserve’s monetary accommodation was over.
Find out what TradingMarkets senior forex strategist Mark Whistler is seeing in the currency markets twice a day with a free trial to Forex Focus! Click here to learn more!
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 One of Three.
Verigy
A Show of Semiconductor Strength – Reuters
Beating estimates and raising guidance going forward, companies like Verigy are symptomatic of the optimisim
emanting from the semiconductor industry in recent weeks.
As a PowerRatings stock, however, Verigy has a Short Term PowerRating of 2. Does that make VRGY a
stock that short term traders should be considering for a buy, or a stock that short term traders should be
thinking about avoiding – or selling short? Find
out with a free trial to our Short Term PowerRatings!
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:
-
A Goldman Sachs downgrade from “buy” to “neutral” sent shares of Cheesecake Factory Inc.
(
CAKE |
Quote |
Chart |
News |
PowerRating) lower on Friday by more than 6%. - Good news in the semiconductor industry extends to suppliers and parts maker as well, as Verigy Ltd.
(
VRGY |
Quote |
Chart |
News |
PowerRating) announced on Friday that its third quarter earnings were above analyst expectations. - Foot Locker
(
FL |
Quote |
Chart |
News |
PowerRating) announced significant first quarter losses, but soothed investors by reaffirming their guidance for the full year. The stock was higher by more than 12% on Friday. - Reporting earnings on Friday, Goodyear Tire & Rubber
(
GT |
Quote |
Chart |
News |
PowerRating) announced that the company had exceeded analyst expectations. - A less than optimistic outlook from Royal Caribbean Cruises
(
RCL |
Quote |
Chart |
News |
PowerRating) sent shares sharply lower on Friday. - CA, Inc.
(
CA |
Quote |
Chart |
News |
PowerRating) announced a better than expected revenue forecast for 2009, surprising investors and sending the stock up nearly 4% on Friday. - A report that InBev NV of the Netherlands was considering buying Anheuser-Busch Company
(
BUD |
Quote |
Chart |
News |
PowerRating) sent shares of the American beer distributor soaring by more than 7% on Friday.
For a list of today’s highest PowerRating stocks, click
here.
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TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Cummins Inc. | 10 | |
| Real Networks | 9 | |
| Scientific Games Corp | 9 | |
| Owens Corning | 9 | |
| Norfolk Southern Corp | 9 |
More Stocks |
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TradingMarkets Tracking the Wizards |
TradingMarkets presents this excerpt from forex specialist Ed Ponsi’s book, Forex Pattern and Probabilities:
Trading Strategies for Trending and Range-bound Markets. Of all the indicators in the world, find out which one
Ponsi believes is “the ultimate.”
The
King of Quants: A Conversation with Emanuel Derman, Part 3 – TradingMarkets
Did you miss our Big Saturday Interview over the long holiday weekend?
Here’s Part 3 of “The King of Quants:
A Conversation with Emanuel Derman” featuring TradingMarkets CEO and co-founder Larry Connors and
legendary financial engineer, Emanuel Derman.
Up
or Down is Up for Grabs! – TradingMarkets
Coming into the homestretch of the TradingMarkets Up or Down Stock Contest for the month of May, we now
have a FIVE-WAY tie for first place! Click the headline to see the contest leaderboard, or to register for your
chance to win up to $11,000 by correctly guessing the direction of a stock!
Click
here to sign up for the Morning Coffee with TradingMarkets newsletter.