Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
FOMC Rate Decision at 2:15 p.m. Eastern … High Gas Prices Limit Auto Sales … ADP Employment Report Suggests Job Gains … Economy Expanded At Same 0.6% Rate in Q1 as Q4 … Treasuries Fall on Positive Economic, Jobs Data … Procter, GM Beat Estimates … Time Warner to Split Off Cable Division …Â Precious Metals Lower … Price Softness Lowers Profits, Revnues at Garmin
Asian stocks down … European stocks down … The dollar is moving higher against the Euro, Japanese yen … And the futures are trending higher in the hour before the bell.
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TradingMarkets 5 Business Stories You Need to Know |
FOMC Decision: Quarter Point Or Bust? – Forbes
The Federal Reserve Board’s Open Market Committee announces its decision on its Fed funds rate this afternoon, with analysts expecting a modest cut and language suggesting that further rate cuts may be unlikely.
Earnings Double at Mastercard – Chicago Tribune
Increased use of its credit cards helped Mastercard realize double profts for the first quarter, the company reported yesterday.
The End of Easy Money? – DailyFX
DailyFX’s chief currency strategest Kathy Lien weighs in on why the Federal Reserve’s aggressive rate cutting policy needs to stop…
Third Quarter Profits Up at Procter & Gamble – Bloomberg
Cost controls and revenues from grooming products helped boost the bottom line of this leading personal products company.
GM Reports $3.25 BN Loss in First Quarter – Bloomberg
Massive losses notwithstanding, General Motors managed to beat analyst expectations due to strong sales overseas.
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:
- Visa
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PowerRating) rose more than 6% after reporting Q2 earnings of $0.52, beating the consensus estimate by $0.07. - Shares of MasterCard
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PowerRating) surged more than 12% after the company delivered much better than expected earnings. - The Food and Drug Administration (FDA) rejected the Merck’s
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PowerRating) application for a new drug. MRK lost more than 10%. - After the close, Express Scripts
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PowerRating) reported earnings of $0.70, beating estimates by $0.03. - Flextronics
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PowerRating) also beat estimates by $0.03 per share. - Before the market open, Procter & Gamble
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PowerRating) reported EPS of $0.82.General Motors
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PowerRating) reported a quarterly loss of $5.74 per share.
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 |
| RPC Inc. | RES | 10 |
| Tredegar Corp. | TG | 9 |
| Euroseas Ltd. | ESEA | 9 |
| Union Drilling | UDRL | 8 |
| TricoMarine Services | TRMA | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
How to Avoid Trade Taxes Using an IRA – TradingMarkets
TradingMarkets contributor Dave Goodboy highlights some of the potential tax benefits of trading in your Individual Retirement Account or IRA.
Trading is a Game of Probability – TradingMarkets
Long-time trader and TradingMarkets co-founder Kevin Haggerty helps traders see the market the way the pros do in the hours leading up to the FOMC rate decision later today.
Put Options at Work: A Trader’s Guide – TradingMarkets
Thinking about making a bet against this overbought stock market? Trader and TradingMarkets contributor John Emery provides a basic options tutorial on how to use put options in anticipation of lower prices.
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