Tuesday Morning Coffee with TradingMarkets
Tuesday Morning Coffee with TradingMarkets
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Good Morning! |
Stocks Rally in Europe, Asia … Daimler AG, Goldman Sachs Up in Premarket … Home Sales Expected Lower, Retail Sales Up Week Over Week … Floods
Contribute to Higher Food Prices … FCC Clears Path for Sirius, XM Merger … Best Buy Beats Estimates … Gore Endorses Barack Obama in Michigan … Tiger Woods Wins U.S. Open
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TradingMarkets 5 Business Stories You Need to Know |
FCC Approves Sirius, XM Merger – Barrons
The staff of the Federal Communications Commission, including its chair, has recommended that Sirius Satellite Radio’s proposed purchase of rival XM Satellite
Radio be allowed to go forward under certain conditions, including suspending any subscription rate hikes temporarily.
XMSR is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. today to tell us whether or not XMSR will be up or down
on Wednesday. Click here to register for free for your chance to win $1,000 each month by correctly guessing the direction of a stock!
Steady Fed-y – Wall Street Journal
In spite of hawkish rhetoric toward inflation in recent days, the Bernanke Fed is widely expected to leave the Fed funds rate unchanged when it meets next week.
Eurozone Inflation Boost Euro – Financial Times
Signs of rising inflation in the Eurozone on Monday helped stem the dollar’s gains against the Euro. Analysts suggest data could provide cover for rate hikes in the
near term.
Find out what CNBC contributor and TradingMarkets FX specialist Mark Whistler sees in the EUR/USD and a host of other currency pairs every Friday in his free weekly Conference Call. Click here to reserve your spot today!
Strong Aussie = Weak Australia? – Bloomberg
The suggestion that high rates for the Australian dollar may be starting to negatively impact the Australian economy lead to a sell off in the “Aussie” against major
currencies including the U.S. Dollar.
Will Goldman Impress Again? – CNN Money
Goldman Sachs handily beat analyst estimates in its earnings report this morning, continuing to show its ability to weather the financial storms of subprime mortgage debt and rising commodity prices that continue to batter its Wall Street peers.
Goldman Sachs is up three days in a row. It also has a Short Term PowerRating of 3. Is Goldman Sachs a stock that traders should consider buying, or a stock that traders should consider avoiding? Find out how to trade stocks like Goldman Sachs 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:
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As expected, Lehman Brothers Holdings
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PowerRating) reported a loss of $2.8 billion for the quarter. Shares of Lehman were up more than 5%, their third consecutive day of gains. - Adobe Systems
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PowerRating) reported quarterly EPS of 0.50 after the bell on Tuesday, beating analysts’ estimates. - Would-be acquirer InBev has warned Anheuser-Busch
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PowerRating) not to solicit alternative bids or risk InBev withdrawing its own $46.3 billion bid for the American brewer. - Best Buy
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PowerRating) reported earnings per share of 0.43 Tuesday morning before the open, topping estimates by several cents. - A ruling by the FCC on Monday clears the way for Sirius Satellite Radio
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PowerRating) to follow-through with its planned takeover of rival XM Satellite
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PowerRating). - Announcing earnings before the bell on Tuesday, Goldman Sachs
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PowerRating) reported earnings per share of $4.58, blowing away estimates.
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 |
| Abraxas Petroleum Corp. | ABP | 9 |
| Flow International Corp. | FLOW | 8 |
| Biomarin Pharmaceutical | BMRN | 8 |
| Energy Partners Ltd. | EPL | 8 |
| Aracruz Celulose S.A.. | ARA | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Gary Kaltbaum Live on Wednesdayy – TradingMarkets
Come see the markets the way a pro sees the markets. When it comes to spin-free market analysis, Gary Kaltbaum’s free weekly Conference Call is hard to beat.
Join Fox Business guest commentator and professional money manager Gary Kaltbaum tomorrow, Wednesday afternoon at 1 p.m. Eastern. Click the headline
above to reserve your spot today!
Sell to Open: A Guide to the Short Side of Options Trading – TradingMarkets
TradingMarkets contributor John Emery shows you the basic steps to becoming a successful writer or seller of options.
Learn How to Use Candlesticks to Stay Ahead of the Market – TradingMarkets
King of the Candlesticks, Steve Nison provides traders with this primer on how to use Japanese candlestick charting to improve your ability to anticipate – instead of
merely react to – the market’s moves.
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