Tuesday Morning Coffee with TradingMarkets
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Good Morning! |
BP Trending Lower Before Earnings … Merrill Lynch to Raise $8.5 Billion … The Greenback’s Stealth Rally Continues … Can “Covered Bonds” Save the Mortgage
Market? … Presidential Race Shifts Toward Economic Themes
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TradingMarkets 5 Business Stories You Need to Know |
BP Reportedly Missing Safety Goals – Houston Chronicle
BP continues to struggle to live up to safety expectations years after an explosion at one of its largest refineries killed 15.
BP is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether BP will be Up or Down on
Wednesday. Click here to play our TradingMarkets Up or Down Stock Contest for your
chance to win $1,000 a month by correctly guessing the direction of a stock!
href=”https://www.marketwatch.com/news/story/merrill-raising-85-bln-selling/story.aspx?guid=%7BA7AF92E3%2D5F8A%2D45A6%2DAEF8%2D59B966E260
DF%7D”>
Merrill Sells Stocks – MarketWatch
CEO John Thain announces a plan to raise $8.5 billion in new capital. Just under half of the new offering has already been spoken for by the Singaporean sovereign
wealth fund, Temasek Holdings.
Are Doubts Fading on the
Dollar? – DailyFX
Up four days in a row and seven out of the last eight, the U.S. dollar continues to move higher. Will the greenback bounce last? The DailyFX currency analyst crew
of Schlossberg, Kicklighter, Rodriguez, Rivera, and Spivak weigh the odds.
Big Banks Like Paulson Plan –
Bloomberg
Treasury secretary Hank Paulson outlines a “covered bond” program as a potential new source for mortgage financing. Wells Fargo, Citigroup, Bank of America,
and JP Morgan Chase cheered the news.
Obama, McCain Duel Over Economy – Wall Street Journal
In the wake of Democrat Barack Obama’s trip abroad, both he and Republican John McCain turn their attentions to widespread concerns over the health of the
economy.
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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Amgen
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AMGN |
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Chart |
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PowerRating) reported earnings of $1.14 after the close on Monday, handily beating analyst’s estimates for the quarter. - Among the bigger losers in the financial sector on Monday was American International Group
(
AIG |
Quote |
Chart |
News |
PowerRating), which lost more than 12% on the day. - US Steel
(
X |
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Chart |
News |
PowerRating) is expected to report earnings per share of $3.91 this morning before the market opens. - Rising feed prices contributed to the earnings shortfall at Tyson Foods Inc.
(
TSN |
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Chart |
News |
PowerRating), which reported a disappointing third quarter on Monday. - Reporting earnings today after the close, Electronic Arts
(
ERTS |
Quote |
Chart |
News |
PowerRating) is expected to announce a loss of $0.33 per share. - Wireless growing, landlines declining and lower than expected sales of high speed Internet to residential customers were all a part of the quarter Verizon
(
VZ |
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Chart |
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PowerRating) reported yesterday, in which the company beat earnings estimates by two cents. - BP
(
BP |
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Chart |
News |
PowerRating), formerly known as British Petroleum, reports earnings this morning before the market opens. Analysts are expecting EPS of $2.69.
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 |
| Natural Gas Services Group | NGS | 9 |
| FLIR Systems Inc. | FLIR | 9 |
| Teco Energy Inc. | TE | 8 |
| Saint Jude Medical Inc. | STJ | 8 |
| Spartan Stores Inc. | SPTN | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Swing Trading College Session 12: Real. Live. Trading. – style=”color:#999999″>TradingMarkets
For many traders in our Swing Trading College, the live trading with Steve Primo is the most important part of the course. Tonight, in Session 12, traders will get the
chance to watch professional trader Steve Primo trade a real $100, 000 account. For more details on the TradingMarkets Swing Trading College, click the headline
above.
The Beauty of Combinational Strategies – TradingMarkets
There’s more than one way to trade options. And combining strategies can help you minimize risk and maximize profit potential at the same time. TradngMarkets
Select Contributor Len Yates explains.
3 Funds to Help You Battle the Bears – TradingMarkets
Tired of sitting on the sidelines during all the selling? TradingMarkets Select Contributor Toni Turner shows you the tools you need to survive – and thrive – in down
markets.
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TradingMarkets newsletter.