Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Motorola to Split into Two Companies… Clear Channel’s $19B Deal Nears Collapse… Ford Agrees to Sell Jaguar, Land Rover… Take-Two Rejects EA Offer… Jabil Circuit Lowers Guidance… Deutsche Bank Issues Cautious Outlook… Durable Goods Orders Drop.
Asian stocks mixed… European stocks down… Dollar drops… And the futures are pointing to a lower open.
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TradingMarkets 5 Business Stories You Need to Know |
Motorola to Split Off Mobile Unit – Wall Street Journal
Motorola’s board said it will separate its mobile devices operations and its broadband and mobility-solutions unit.
Ford Motor Sells Land Rover, Jaguar to India’s Tata – Bloomberg
Ford agreed to sell Jaguar and Land Rover to Tata Motors Ltd. for less than half what it paid for the two brands as demand for the luxury vehicles drops.
Banks Balk at Paying for Clear Channel Deal – NY Times
The $19.5 billion sale of the radio broadcaster Clear Channel Communications to two private equity firms is in jeopardy.
Euro Takes 1.5700 on IFO Blowout – No Weakness in Sight – Daily FX
The IFO survey of business sentiment printed a much stronger 104.8 versus expectations of 103.5 helping to rally the EUR/USD more than 100 points in a matter of minutes.
Bear Stearns Launches First Managed ETF – SmartMoney
The race to launch the first actively managed exchange-traded fund has come to an end. And an unlikely victor crossed the finish line first: Bear Stearns.
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:
- Fortress Investment Group
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PowerRating) reported a loss for the fourth quarter, missing estimates by a wide margin. - Shares of Penn National Gaming
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PowerRating) rose after Fortress Investment Group said it still plans to buyout the casino operator. - Monsanto
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PowerRating) jumped 9.9% after the company raised its 2008 full-year earnings guidance. - MGIC Investment
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PowerRating) fell 7.9% after the mortgage insurer needed to raise $745 million via a stock and debt sale. The company reported a record loss in Q4. - The Wall Street Journal reported the $19 billion deal to take Clear Channel
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PowerRating) private was near collapse, due to the credit crisis. - Yahoo!
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PowerRating) rose after Citigroup issued a "buy" note in expectation of a higher bid from Microsoft. - After the close, Jabil Circuit
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PowerRating) beat estimates by $0.02 but lowered guidance for the third quarter.
For a list of today’s highest PowerRating stocks, click here.
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TradingMarkets 5 Top PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| ProShares UltraShort Russell 2000 Growth | SKK | 8 |
| ProShares UltraShort Financials | SKF | 8 |
| MultiFineline Electronix | MFLX | 8 |
| NightHawk Radiology | NHWK | 8 |
| Aurizon Mines | AZK | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
How to Leverage Your Trading Dollars with Ultra ETFs (part II) – TradingMarkets
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Building Great Traders: The TradingMarkets Battle Plan for Stocks – TradingMarket
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