Tuesday Morning Coffee with TradingMarkets
 |
Good Morning! |
Staples Raises Bid for Corporate Express … Analysts Anticipate Losses at Lehman … U.S. Factory Orders
Expected Lower … Lehman May Need to Raise Up to $4 Billion in Capital Against Losses … Toll Suffers Third
Consecutive Quarterly Loss … Bernanke Speaks on Economic Growth This Morning … GM Holds Annual
Meeting as Auto Sales Data Looms …
Asian stocks down … European stocks down … The dollar is moving lower against the euro … And the futures
were trending higher in the hour before the bell
Join TradingMarkets CEO and co-founder Larry Connors for Session 6 of our Swing Trading College. The Swing Trading College is one of the most popular programs we have ever offered short term traders. Click here to find out what all the fuss is about!
|
TradingMarkets 5 Business Stories You Need to Know |
Wachovia Forces Out its Chief – New York Times
The board of directors at the fourth largest bank in the U.S. finally decided that the company’s debt problems
would be better solved by new leadership and voted to relieve their 8-year CEO, Kennedy Thompson, of his
duties at the firm.
Wachovia is the Featured stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m.
today to let us know whether you think Wachovia will be up or down on Wednesday. Click here to register for your chance to win $1,000 a month by correctly guessing the direction of a stock!
As the investment bank prepares to announce its first quarterly loss since becoming a public company, a growing
number of analysts believe that Lehman may need to raise as much as $3-4 billion in new capital.
More Problems for the Pound – DailyFX
DailyFX’s senior currency strategist Boris Schlossberg takes a look at the challenges facing the GBP/USD in his
latest commentary and analysis.
Find out what CNBC guest commentator and TradingMarkets FX specialist Mark Whistler thinks of the pound
and a number of other widely traded currencies in his free, live weekly Conference Call. Join Mark Whistler this
Friday at 1 p.m. Eastern. Click here to reserve your spot now!
Toll Brothers Suffers Quarterly Loss – Wall Streeet Journal
The builder of luxury homes is hardly immune to the effects of the housing market slowdown, as Toll Brothers
announces its third consecutive quarterly loss this morning before the bell.
Deutsche Bank provided the upgrade for this and a host of other oil refiners. Is this analysis from Seeking Alpha
suggesting the trade?
Tesoro has a Short Term PowerRating of 3. Does this mean that the stock is closer to being the kind of stock
that traders should buy in the short term – or sell? Find out with a free trial to our Short Term PowerRatings today!
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:
-
News that the Centro smartphone was taking customers away from the iPhone boosted shares of Palm
(
PALM |
Quote |
Chart |
News |
PowerRating) which manufactures the Internet-capable device. - An upgrade from Deutsche Bank AG helped oil refiners such as Tesoro
(
TSO |
Quote |
Chart |
News |
PowerRating) move higher on Monday. - Lehman Brothers
(
LEH |
Quote |
Chart |
News |
PowerRating) was among a number of Wall Street investment banks that saw its debt rating downgraded by Standard and Poor’s on Monday. - Acorda Therapeutics
(
ACOR |
Quote |
Chart |
News |
PowerRating) was a standout stock on Monday as investors bid shares higher in the wake of positive clinical trial results for the biotech company’s multiple sclerosis drug. - Toll Brothers
(
TOL |
Quote |
Chart |
News |
PowerRating) announced quarterly earnings this morning before the bell, reporting EPS of – $0.59, a loss that was not as severe as analysts had expected. - The board of directors of Wachovia
(
WB |
Quote |
Chart |
News |
PowerRating) finally removed CEO Ken Thompson, while Washington Mutual(
WM |
Quote |
Chart |
News |
PowerRating) announced that Kerry Killinger would be replaced as chairman – though Killinger will stay on asCEO.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Trex Company Inc. | TWP | 9 |
| North American Energy Partners | NOA | 8 |
| Valassis Communications | VCI | 8 |
| Santander Bancorp Holdings | SBP | 8 |
| U-Store-It Trust | YSI | 8 |
| View More Stocks |
|
TradingMarkets Tracking the Wizards |
Market Wizard and co-author of one of the most popular books on trading, STREET SMARTS, Linda
Raschke will participate in a live interview with TradingMarkets co-founder and CEO Larry Connors Thursday at
4:30 p.m. Eastern. Got a question for Linda? Click the headline above to reserve your spot and to send us a
question you would like Larry to ask one of the best and most popular traders in the business.
Swing Trading College Session 6 Tuesday at 5 p.m. Eastern – TradingMarkets
Join TradingMarkets CEO and co-founder Larry Connors Tuesday afternoon at 5 p.m. Eastern for Session 6 of
the Swing Trading College. Session 6 is the first of a two part lesson on swing trading E-mini index futures – one
of the most popular trading vehicles for short term traders. Let Larry help you become a better trader. Click the
headline above to learn more or enroll.
Let the Profits Ride: Methods of Long Term Trading – TradingMarkets
TradingMarkets contributor Billy Fisher points out some of the ways that traders “know when to fold ’em” when
trading over the long term.
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.