Tuesday Morning Coffee with TradingMarkets

  • July 8, 2008
  • David Penn

Good Morning!


Index futures pointing to lower open … Stocks lower overnight in Asia, Europe … S&P 500 and Nasdaq remain deeply oversold … Crude, gold, Euro, Japanese yen all continue to pull back from recent highs … Pending Home Sales, UBS Same Store data due today …

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TradingMarkets 5 Business Stories You Need to Know


Microsoft: Back on the Bid? – New York Times Blogs

Microsoft said that they would consider bidding again for Yahoo! if the Internet company gets rid of its current board – and current CEO and founder Jerry Yang.

Microsoft is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether Microsoft 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!

Will Loans Stave Off Rate Hikes? – Bloomberg

Living up to its nickname as the lender of last resort, the Bernanke Fed continues to look toward alternative ways of supporting liquidity in the capital markets without stoking inflation.

Previewing a Week of Forex News – DailyFX

What should forex traders be focused on during the week following the Independence Day holiday? DailyFX Chief Strategist Kathy Lien counts five things for forex traders to look out for – from the G7 Summit to the Bank of England rate decision.

Fannie, Freddie Fall Hard – Wall Street Journal

The fear that both Fannie Mae and Freddie Mac will suffer increased defaults on mortgages encouraged massive selling in both stocks on Monday. Both stocks were down by more than 16%.

InBev to Bud: Dump Your Board – Wall Street Journal

Microsoft isn’t the only would-be acquirer calling for the removal of a stubborn board of directors. InBev, the Belgian brewer has demanded that the Anheuser-Busch board step aside to help facilitate its takeover of the all-American beermaker.

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:

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company
 Symbol PowerRatings
Olympic Steel Inc. ZEUS 9
Wind River Systems Inc. WIND 9
Schnitzer Steel Industries Inc. SCHN 9
T-3 Energy Services Inc. TTES 9
Exide Technologies XIDE 9

View More Stocks

TradingMarkets Making Great Traders


Tips to Help You Avoid Sour Trades – TradingMarkets

TradingMarkets contributor Doug Fabian shows long term traders and investors how to kick the tires and check under the hood when it comes to mutual funds and ETF investing.

Trading is a Business – Treat it Like One – TradingMarkets

This evening is Session 9 of our popular Swing Trading College. Tonight will be the beginning of a two-part session on putting together a trading portfolio and treating your trading like a business. Join Larry Connors tonight at 5 p.m. EST. Click the headline above for more information.

Gary Kaltbaum Live Tomorrow! – TradingMarkets

Are you a member of Gary’s Gallery? Join Fox Business guest commentator and TradingMarkets regular contributor Gary Kaltbaum as he helps investors and traders navigate this volatile stock market in his free weekly Conference Call. Click the headline above to reserve your spot.

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