Wednesday Morning Coffee with TradingMarkets

  • April 23, 2008
  • Ashton Dorkins

Good Morning!

Yahoo Net Rises… Boeing Earnings Jump… Delta and Northwest Posts Huge Losses… Ambac Reports Wide Loss… WebMD Guides Below Consensus… UPS Earnings In-line… Genzyme Beats Estimates… Murdoch to Buy Newsday for $580M.

Asian stocks up… European stocks down… Dollar higher… And the futures are pointing to a lower open.

Would you like to improve your trading? TradingMarkets would like to invite you to a private 30-minute conference call with TradingMarkets CEO and Founder Larry Connors on Thursday April 22, 2008 at 1:00 pm ET.

Larry will discuss the upcoming new TradingMarkets Swing Trading College (STC). STC is a 14-session, online course which will provide you with the latest trading research and strategies to professionally swing trade stocks, options, ETFs, E-minis, and futures. Click here to sign-up.

TradingMarkets 5 Business Stories You Need to Know

Yahoo Net Rises; Microsoft Unmoved – Wall Street Journal

Yahoo’s profit more than tripled on an investment gain. Revenue rose 9% despite weakness in online-ad sales. But Microsoft’s CEO said good results wouldn’t lead his company to raise its bid.

Boeing 1st Quarter Net Jumps 38%, Commercial Air, Defense Operations Revenue Up – MarketWatch

Boeing’s first-quarter earnings jumped 38% to $1.21 billion, or $1.62 a share, from $877 million, or $1.13 a share, a year earlier, helped in part by its commercial airplane and defense businesses.

Ambac Posts Loss on CDO Writedowns, New Business Drop – Bloomberg

Ambac Financial Group, the bond insurer that lost 93 percent of its stock market value in the past year, posted a wider loss than analysts estimated after $3.1 billion in charges for subprime-mortgage securities.

Murdoch Moving to Buy Newsday for $580 Million – New York Times

A tentative deal to buy his third New York newspaper would tighten Rupert Murdoch’s grip on American news media.

Delta Reports $6.39B Quarterly Loss – CNN Money

Battered airline says high fuel costs and falling market share resulted in a $6.1 billion non-cash charge.

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
USANA Health Sciences USNA 8
TomoTherapy TOMO 8
Syniverse SVR 8
VeriFone PAY 8
Netflix NFLX 8

View More Stocks

TradingMarkets Tracking the Wizards

Place Your Bets: Order Types For Stock Trading – TradingMarkets

Beginning traders often believe that there is only one way to enter a stock trade. Nothing could be further from the truth! Believe it or not, there are over 40 unique order types available to the stock trader.

4 Oversold Stocks for Traders – TradingMarkets

Feeling as if the recent market strength has left you behind? Our Short Term PowerRatings have helped uncover at least four oversold stocks that traders still looking to buy weakness should consider.

Free Report! The Only 3 Options Trading Strategies You’ll Ever Need – TradingMarkets

There may be as many ways to trade the market as there are traders who want to do so. But the difference between the professionals and the amateurs when it comes to trading is that the majority of professional traders know that the edge lies in buying markets when they are weak and selling them when they are strong.

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