Tuesday Morning Coffee with TradingMarkets

  • April 1, 2008
  • Ashton Dorkins

Good Morning!

UBS Reports $12B Loss on $19B Write-down, Chairman Steps Down… Deutsche Bank to Write-down $3.9B… Lehman Brothers to Raise $3B via Stock Sale… Microsoft Unlikely to Raise Yahoo! Offer.

Asian, European, stocks rise… Dollar higher versus euro… Dollar rises versus yen… 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!


TradingMarkets 5 Business Stories You Need to Know

UBS Seeks Fresh Capital Injection, Expects $19 Billion in Write-Downs – Wall Street Journal

UBS will ask shareholders to approve up to $15.07 billion in additional funds as it flagged a quarterly loss of more than $12 billion on write-downs of $19 billion.

Deutsche Bank to Write Down Record $3.9 Billion – Bloomberg

Deutsche Bank AG, Germany’s biggest bank, will write down $3.9 billion of loans and asset-backed securities and said markets are deteriorating.

Lehman to Raise $3 Billion to Quash Stability Fears – Reuters

Lehman Brothers said it plans to raise $3 billion of capital to quash questions about its stability.

What’s Wrong with Wall St. and How to Fix It – CNN Money

Bankers fell victim to their love of risk, leverage, and high pay. But after the government moves in to clean up the mess, things will be different – for a while.

Doubts Greet Treasury Plan on Regulation – New York Times

As Treasury Secretary Henry M. Paulson Jr. laid out an ambitious plan to overhaul the regulatory apparatus that oversees the nation’s financial system on Monday, lawmakers and lobbyists from an array of industries opposed to the plan predicted that most of it would be dead on arrival.

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
Netflix NFLX 9
Zoll Medical ZOLL 8
MEMC Electronic Materials WFR 8
Universal Corp. UVV 8
Terra Industries TRA 8

View More Stocks

TradingMarkets Tracking the Wizards

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.

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.

A Quick Tutorial in MACD, Part I: Basic Concepts – TradingMarkets

In this article, Gerald and Marvin Appel discuss how to calculate the MACD and some basic ways to interpret it.

Click here to sign up for the Morning Coffee with TradingMarkets newsletter.