Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Citigroup to Sell $12B in Leveraged Loans… UPS Issues Earnings Warning… Boeing Delays Dreamliner Launch… Circuit City Beats Forecasts… Sealy Beats Estimates… Motorola Names New CEO… WaMu Rejects JPMorgan Chase.
Asian stocks down… European stocks mixed… Dollar lower across the board… And the futures are indicating a lower open.
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TradingMarkets 5 Business Stories You Need to Know |
Fed Weighs Its Options in Easing Crunch – Wall Street Journal
The Federal Reserve is considering contingency plans for expanding its lending power in the event its recent steps to unfreeze credit markets fail.
WaMu Rejected J.P. Morgan Acquisition Bid – MarketWatch
Washington Mutual turned down a takeover offer from J.P. Morgan Chase before it reached a deal this week to get a $7 billion capital infusion from an investor group led by private equity firm TPG.
Citigroup May Sell $12 Billion of Loans – Bloomberg
Citigroup is in talks to sell $12 billion of loans at a loss to Apollo Management LP, Blackstone Group LP and TPG Inc. as part of an effort to shrink the bank’s balance sheet.
The Food Chain: As Prices Rise, Farmers Spurn Conservation – NY Times
Farmers are spurning payments from a conservation program for a chance to cash in on crops.
Obama: $1 Million in a Minute – BusinessWeek
The latest salvo in the Presidential hopeful’s Web campaign is a site designed to process a million dollars in 60 seconds.
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:
- Alcoa
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PowerRating) missed first quarter estimates by $0.04 on a 52% drop in earnings. - Shares of Advanced Micro Devices
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PowerRating) fell 4.9%, after the company announced Q1 earnings will be lower than expected. AMD also plans to reduce its workforce by 10%. - Washington Mutual
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PowerRating) raised $7 billion in cash from a group of investors, led by TPG, Inc. WaMu also issued earnings guidance substantially below forecasts, slashed its dividend and announced 3,000 job cuts. - Novellus Systems
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PowerRating) issued first quarter guidance below consensus estimates. - Antigenics
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PowerRating) surged nearly 23%, on huge volume, after the company’s kidney cancer drug was approved for use in Russia. - After the market close, Sealy
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PowerRating) reported earnings of $0.17, versus consensus estimates of $0.10. - Before the market open, Circuit City
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PowerRating) beat estimates by $0.17 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 |
| Dime Community Bancshares | DCOM | 9 |
| Superior Industries International | SUP | 8 |
| Rambus | RMBS | 8 |
| Rick’s Cabaret International | RICK | 8 |
| Perot Systems | PER | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Avoiding Errors: The Dumb and Avoidable Mistakes Traders Make – TradingMarkets
No one likes to lose money. Ever. But the veteran trader knows there are two kinds of losses. Those caused by being on the wrong side of the market and those caused by doing something dumb and avoidable.
A Short History of Options – TradingMarkets
If you have never looked at options or options trading before, then you owe it to yourself to spend a few minutes acquiring some knowledge about these incredible trading and investing instruments.
Free Report! 5 Secrets to Short Term Stock Trading Success – TradingMarkets
There are times when the markets are so exuberant that buying high and selling higher works. But there is only one edge that has stood the test of time when it comes to short-term trading: buying weakness and selling strength.
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