Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Obama Secures Democratic Nomination for President, Clinton Refuses to Concede … Bernanke Hints of End to Monetary Accommodation, Supports “Strong Dollar” … ADP Reports Job Gains … Lehman Down in Pre-Market … Carl Icahn Looks to Replace Yahoo! CEO Yang … Soros Warns of Oil,
Commodity Bubble …
Asian stocks up … European stocks down … The dollar is moving lower against the Euro, yen … And the futures are trending lower in the hour before the bell.
Market Wizard and co-author of one of the most popular books on trading, STREET SMARTS, Linda Raschke will participate in a live interview with TradingMarkets co-founder and CEO Larry Connors Thursday at 4:30 Eastern. Got a question for Linda? Click here to reserve your spot and to send us a question you would like Larry to ask one of the best and most popular traders in the business.
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TradingMarkets 5 Business Stories You Need to Know |
Toyota Gaining on GM – CNN Money
Monthly sales for Toyota come as close as ever to eclipsing those of rival General Motors, as American consumers turn away from SUVs and pickups.
Toyota is the featured stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. today to let us know whether or not Toyota will be up or down on Thursday. Click here to register for your chance to win $1,000 a month by correctly guessing the direction of a stock!
After first attempting to seed the Yahoo! board with pro-Microsoft members, billionaire activist investor Carl Icahn has refocused his efforts to call for the removal of
Yahoo! CEO and co-founder Jerry Yang, whom Icahn believes has been an obstacle to the Microsoft deal.
Bernanke Comments Boost the Greenback – DailyFX
With a few cautionary words on the dangers of inflation to the U.S. economy, Fed chairman Bernanke’s remarks were widely believed to help extend the reversal in
gold and oil – and buoy the rally in the U.S. dollar.
Have you been waiting for the right moment to start trading? Join CNBC guest commentator and TradingMarkets FX specialist as he guides you through THREE
DAYS of life and labor as a forex trader. First learn the strategies, then watch Mark trade them live for three consecutive days. Click here to find out more about Mark Whistler’s Forex Elite Trading Seminar June 15, 16 and 17.
Lehman and the Hedge Fund – New York Times
Hedge fund manager David Einhorn continues his withering criticism – and his sizeable bets – against the investment bank, which he thinks is in far more trouble than it
has admitted. Critics, including Lehman CEO Erin Callan, accuse Einhorn of merely talking his book.
Tyson Foods Eradicates Exposed Chicken – USA Today
Tyson Foods reported that 15,000 chickens had been found to be exposed to a mild case of bird flu and would be eradicated. According to officials with the
Arkansas Livestock and Poultry Commission, the outbreak does not represent a threat to human health.
Tyson Foods has a Short Term PowerRating of 7. Does this mean that Tyson Foods is closer to being a stock that traders should consider buying or a stock that
traders should consider avoiding? A free trial to our Short Term PowerRatings is the fastest way to find out. Click here to start your free, 7-day trial today!
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:
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Carl Icahn announced his plan to seek the ouster of Jerry Wang, CEO of Yahoo!
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PowerRating) for his refusal to support Microsoft’s unsolicited takeover efforts. - Lexicon Pharmaceuticals
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PowerRating) were up more than 4% intraday on Tuesday on news that the biotech company’s gastrointestinal drug had been “fast tracked” by the Food and Drug Administration. - Tyson Foods
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PowerRating) lost nearly 9% as investors and traders learned that the meat company would be eradicating 15,000 chickens that were discovered to have been exposed to mild form of bird flu. - The end of the Big Truck era? That’s what the market appears to be saying to both Ford
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PowerRating) and General Motors
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PowerRating) as disappointing sales of both SUVs and pickup trucks led both stocks lower on Tuesday. - Shares of Monsanto
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PowerRating) hit a record today as analysts suggested that continued high and rising prices for agricultural products will continue to benefit thecompany’s earnings picture.
- Although still posting a decline in auto sales, Toyota Motors
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PowerRating) continues to gain on General Motors ‘s monthly sales numbers in the U.S. market.
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 |
| Optium Corporation | OPTM | 10 |
| On Semiconductor Corporation | ONNN | 9 |
| Encore Wire Corporation | WIRE | 8 |
| Vimpel Communications | VIP | 8 |
| Tetra Tech Inc. | TTEK | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
A trader’s trader and co-author of one of the most popular trading books in recent history, Street Smarts, Linda Raschke will hold a live interview with
TradingMarkets co-founder and Street Smarts co-author Larry Connors Thursday at 4:30 Eastern. Spaces are STRICTLY limited. So click the headline above
to reserve your spot today!
Gary Kaltbaum’s Weekly Conference Call Today! – TradingMarkets
Are you a member of Gary’s Gallery? Join Fox Business guest commentator and long-time TradingMarkets contributor Gary Kaltbaum in his weekly conference
call today at 1 p.m. Eastern at TradingMarkets.com. Come see the markets the way a pro sees that markets. Click the headline above to register for this free event.
Learn the Best Times of the Day for the Best Trades – TradingMarkets
TradingMarkets contributor Kunal Vakil guides you through the trading day, highlighting how short term traders can take advantage of the market’s intraday tendencies.
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