Tuesday Morning Coffee with TradingMarkets
 |
Good Morning! |
Fannie Mae Suffers $2 Bn Loss, Will Cut Dividend … Oil Nearing New Record … Legg Mason Announces Larger than Expected Loss … Canada Backs Columbia Trade Agreement … UBS To Cut 5,000+ Jobs … Investors Nervous Before Cisco Earnings …
Asian stocks down … European stocks down … The dollar is moving lower versus the euro, Japanese yen … And the futures are trending lower in the hour before the bell.
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 |
Sprint Nextel: Sell Off or Spin Off – BusinessWeek
Tough times at Sprint have the company considering sale or spin off of its Nextel division. A potential takeover by Deutsche Telekom is also being rumored.
Jerry Wang: After the Bid – Yodel Anecdotal
Yahoo CEO Jerry Wang muses on the company’s future in the wake of Microsoft’s aborted takeover bid at his blog Yodel Anecdotal.
USD/CAD = OIL? – DailyFX
Does the U.S. Dollar/Canadian Dollar pair offer traders a way to play the bull market in oil? Daily Fx currency analyst, Ilya Spivak finds correlation in the makets.
Marvel’s Money-Making Iron Man – L.A. Times
It’s first totally independent production, Marvel Enterprises’ “Iron Man” was a box office hit. Robert Downey Jr. plays the wealthy industrialist turned superhero.
Strike Hits General Motors – The Detroit News
Kansas strike only adds to woes facing American automakers during economic slowdown.
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:
- Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating) rallied late in the day to finish down 15% after Microsoft withdrew its bid for the company. - Shares of Sprint
(
S |
Quote |
Chart |
News |
PowerRating) rallied on the news that the company was considering selling or spinning off Nextel as an independent entity. - Fannie Mae
(
FNM |
Quote |
Chart |
News |
PowerRating) announced earnings before the open on Tuesday, reporting a first quarter net loss of $2.57 per share. - Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating) announced that it planned to complete its take over of Countrywide Financial despite an analyst report critical of the takeover. - Reporting earnings before the market opens on Tuesday, Sara Lee
(
SLE |
Quote |
Chart |
News |
PowerRating) announced earnings per share of of $0.22. - The box office success of “Ironman” encouraged traders to bid shares of Marvel Entertainment
(
MVL |
Quote |
Chart |
News |
PowerRating) higher by more than 9% on Monday. - Shares of General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) lost more than 3% on news of a labor dispute at a plant in Kansas.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Northstar Realty | NRF | 9 |
| First Advantage Corporation | FADV | 9 |
| Netflix Inc. | NFLX | 8 |
| J.A. Solar Holdings | JASO | 8 |
| Bankrate Inc. | RATE | 8 |
| View More Stocks |
|
TradingMarkets Tracking the Wizards |
Sprint: Up or Down? – TradingMarkets
Do you think that Sprint will close up or down on Tuesday? Play TradingMarkets Up or Down Daily Stock Contest and you could win over $11,000 in cash prizes for predicting the direction of a stock!
Put Options at Work: A Trader’s Guide – TradingMarkets
Looking for a way to sell recent market strength? Put options are the vehicle of choice for traders looking to take advantage of the potential for lower prices.
Forex Trader Top 3: Euro Bounce, Oil Looking Higher and Aussie Interest Rates – TradingMarkets
Forex expert Mark Whistler breaks down the outlook for currency traders given strength in the Euro and the potential for a pause in rates in Australia.
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.