Tuesday Morning Coffee with TradingMarkets
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Good Morning! |
Index Futures Point to Selling at the Open … Oil Surges Past $142 … CIT Exiting Lending Business, Shares Higher In Premarket … Constellation Brands Beats Earnings Estimates … Technicians Say 65% of S&P 500 is “Oversold” … Tax Evasion Probe Deepens at UBS … InBev Sticking with Bud Bid …
If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!
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TradingMarkets 5 Business Stories You Need to Know |
Campbell Soup: Our Stock is Good Food – Forbes
Who cares about high commodity prices? Campbell Soup is full-speed ahead with a prediction that earnings will be at the upper end of their forecast range for the year.
Campbell Soup is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. Eastern today to tell us whether you think Campbell Soup will be Up or Down on Wednesday. Click here to register for free for your chance to win $1,000 by correctly guessing the direction of a stock!
Lehman’s Double-Digit Drop – Wall Street Journal
Rumors that Lehman Brothers might be taken over – but for less than market value – helped send shares of the investment bank tumbling on the first trading day of a holiday-shortened week.
Japanese Yen Up, Japanese Stocks Down – Financial Times
Stronger than expected business sentiment in Japan was credited for helping boost the yen, even as Japanese stocks closed lower.
Ruined by an Accounting Rule – New York Times
When it comes to the problems of Wall Street these days, Blackstone’s Steven A. Schwartzman knocks the number-crunchers. Dealbook’s Andrew Ross Sorkin tells us why.
Microsoft After Yahoo – BusinessWeek
Will an acquisition of “semantic” search engine Powerset help the Redmond software giant close the gap on Google?
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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Goldman Sachs
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PowerRating) noted today as oil prices continued higher than demand, not speculation, was the source of the crude oil market’s strength. - Ebay
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PowerRating) lost a French lawsuit over counterfeit luxury items sold through its online auctions. The company was directed to pay more than $63 million in damages. - Lehman Brothers Holdings
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PowerRating) fell more than 10% on Monday amid rumors that the investment bank may be taken over at a price below market value. - H&R Block
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PowerRating) surprised analysts with an above-expectations earning report on Monday, along with plans for a $2 billion share buy back program. - In an effort to spin its failed deal with Microsoft
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PowerRating), Yahoo!
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PowerRating) is now claiming that it believes Microsoft was never truly interested in buying the company anyway. - Campbell Soup
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PowerRating) announced plans for a $1.2 billion stock buy back amid news that the soup maker’s earnings growth for the year would be near the top of its forecast.
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 |
| Talbots Inc. | TLB | 9 |
| Western Digital Corporation | WDC | 9 |
| Wind River Systems Inc. | WIND | 8 |
| Integral Systems Inc. | ISYS | 8 |
| Scientific Games Corporation | SGMS | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Direction is Key to Using ADX Correctly – TradingMarkets
TradingMarkets contributor Chuck LeBeau talks about spotting trends using Average Directional Movement and helps dispel many myths and misconceptions about this widely used technical indicator.
Haggerty’s Open House Extended! – TradingMarkets
Just in time for the Independence Day Holiday, TradingMarkets is extending our first ever trader’s open house featuring Kevin Haggerty’s Professional Trading Service for another week! Expanded daily commentary, stock selections, market updates and strategy alerts … There’s still time for you to see the best of what Kevin Haggerty puts together for traders every day. So click the headline above or call us toll free at 1-888-484-8220, extension 1.
5 PowerRatings Stocks For the Next 5 Days – TradingMarkets
Looking for stocks that are likely to outperform the average stock over the next five days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start!
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