Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Obama Wins North Carolina …Clinton Edges Obama in Indiana … 60,000 Feared Dead in Myanmar Cyclone Disaster … Sprint Nextel To Combine High Speed Network with Clearwire … Bernanke Urges Fed to Pay Interest on Bank Reserves … News Corp., Westwood One Report After the Close … U.S. Productivity Up on Lower Than Expected Labor Costs …
Asian stocks up … European stocks up … The dollar is moving higher against the Euro, Japanese yen … And the futures are trending lower in the hour before the bell.
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TradingMarkets 5 Business Stories You Need to Know |
Cisco Meets Lowered Expectations – CNN Money
Profits down but sales up for Cisco. After an initial after-hours bump, shares of Cisco slumped on CEO Chambers’ conservative guidance for the fourth quarter.
UBS Faces Tax Evasion Probe – Bloomberg
Federal investigators looking into possible tax evasion only add to the woes at European bank, UBS.
A Rally in the Greenback? – Bloomberg
Fears of inflation and the potential for higher interest rates in the United States helped the dollar gain on the Euro in recent trading.
Blodgett Doubts Future Microsoft/Yahoo Deal – Silicon Alley Insider
Shares of Yahoo! were higher on speculation that Microsoft would return to the bargaining table. Not so fast, says former analyst Henry Blodgett.
Disney: Parks, Motion Pictures and Profits – BBC News
Theme parks, “National Treasure 2” help boost Disney profits by 22% for the quarter ended March 29th.
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:
- Cisco
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PowerRating) reported earnings of $0.38 after the close on Tuesday, beating estimates by two cents. - With quarterly EPS of $0.58, Walt Disney
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PowerRating) handily beat Wall Street estimates. - Bank of America
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PowerRating) announced that it planned to complete its take over of Countrywide Financial despite an analyst report critical of the takeover. - Continued weakness in the homebuilding sector led to lower profits for Vulcan Materials
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PowerRating), which was down 3.7% after Monday’s earnings miss. - Yahoo
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PowerRating) closed higher today by more than 5% on speculation of resumed Microsoft negotiations or possible deal with Google.. - Sara Lee
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PowerRating) reported EPS of $0.22, narrowly missing analyst estimates by two cents. Shares were down sharply on the day. - Legg Mason
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PowerRating) reported a larger than expected quarterly loss of $1.81. It was the company’s first quarterly loss since going public.
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 |
| Inter Parfums Inc. | IPAR | 9 |
| Cavco Industries | CVCO | 9 |
| Wal-Mart Inc. | WMT | 8 |
| Texas Industries | TXI | 8 |
| Netflix Inc. | NFLX | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
UBS: Up or Down? – TradingMarkets
Do you think that UBS will close up or down on Thursday?  Play TradingMarkets Up or Down Daily Stock Contest and you could win over $11,000 in cash prizes for predicting the direction of a stock!
Trailing Stops and Profit Targets for Stock Traders – TradingMarkets
Learning how to exit trades properly is a key skill for stock traders to develop. TM contributor Billy Fisher presents a few of the tools you’ll need to build your own exit strategies.
Larry Connors Live Thursday at 1 pm – TradingMarkets
Join TradingMarkets CEO and co-founder Larry Connors and Senior Editor David Penn for their free weekly teleconference on today’s stock market. Find out how a professional trader buys and sells stock in this volatile environment. Larry will also share new swing trading strategies you can use immediately to improve your results as a trader.
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