Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Asian Stocks Higher, European Stocks Lower … Fifth Third to Raise $2 billion in Capital … Pfizer Reaches Deal to Postpone Generic Lipitor … Morgan Stanley
Beats Estimates, FedEx Misses … Berkshire Stands to Win Big if InBev Buys Bud … Dollar Gains Against Yen, Euro … Boston Celtics Rout L.A. Lakers to Win
NBA Championship …
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TradingMarkets 5 Business Stories You Need to Know |
Morgan Stanley Beats on Lower Revenues – Barrons
Shares of Morgan Stanley were lower in premarket trading as the company reported earnings that beat analyst estimates, though revenues were lighter than
expected.
Morgan Stanley is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. today to tell us whether or not you think Morgan Stanley will be up or down on Thursday. Click here to register for free for your chance to win $1,000 by correctly guessing the direction of a stock!
Profits Down, Forecast Strong at Best Buy – MarketWatch
Best Buy beat lowered earnings estimates on Tuesday, but the company’s positive forecast was not enough to keep traders from selling the stock – which ended
down more than 6% on the day.
Pound Slumps on Dovish BOE – Financial Times
Retreating from its inflation-fighting rhetoric, the Bank of England helped precipitate aggressive selling of the pound against the U.S. Dollar, Euro and Japanese Yen on
Tuesday.
FedEx Misses on Higher Revenues – Forbes
Missing earnings by $0.02, FedEx fell sharply in pre-market trading on Wednesday. Rising fuel costs have been among the challenges facing transport businesses
of all types, and the package delivery business has been no exception, as Ruthie Ackerman explains in this special report from Forbes.
Justice Clears Way for Merc to Buy NYMEX – Reuters
Will Merc sweeten its deal for NYMEX now that the Justice Department has given the planned acquisition its seal of approval?
CME Group has a Short Term PowerRating of 1. Does this make CME Group a stock that traders should consider buying or a stock that traders should consider
avoiding – or selling short? Learn how to trade stocks like CME Group with a free trial to our Short Term PowerRatings!
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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CME Group Inc.
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PowerRating) was the S&P 500’s biggest gainer on word that the Justice Department would allow CME’s purchase of NYMEX, the New York Mercantile Exchange. - Goldman Sachs
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PowerRating) blew away earnings estimates this morning before the open, having largely avoided the worst of the lending crisis that has haunted its Wall Street peers. - FedEx
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PowerRating) reported quarterly earnings Wednesday before the open of $1.45 per share, missing analyst estimates by $0.02. - Zions Bancorporation
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PowerRating) was down more than 10% on Tuesday as a Goldman Sachs report suggested tough times for regional banks through 2009. - Canadian Solar
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PowerRating) closed up more than 10% on news that the company was boosting its 2008 sales forecast by as much as $220 million. - Morgan Stanley
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PowerRating) reported earnings this morning before the bell, beating analyst estimates by $0.03 with EPS of $0.95. - In their earnings announcement Tuesday before the open, Best Buy
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PowerRating) topped analyst estimates by $0.06 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 |
| Quest Resources Corp | QRCP | 9 |
| UFP Technologies | UFPT | 8 |
| Tesco Corporation | TESO | 8 |
| ProShares UltraShort Financial ETF | SKF | 8 |
| UST Inc. | UST | 8 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Gary Kaltbaum Live at 1 p.m. EST – TradingMarkets
Join professional money manager and Fox Business guest commentator Gary Kaltbaum today at 1 p.m. Eastern for his live, weekly Conference Call. Learn how to
see the markets the way the pros see the markets with Gary Kaltbaum live today at TradingMarkets.com! Click the headline above to save your spot.
Kevin Haggerty Trader Conference Call Tomorrow at 12:30 p.m. EST. – TradingMarkets
Kevin Haggerty, professional trader and former head of the Fidelity Capital Markets trading desk, analyzes the current market and shows where traders can find
opportunity amidst the volatility. You can catch Kevin live at TradingMarkets Thursday afternoon by clicking the headline above to reserve your spot now.
Larry Connors Live on Thursday, at noon EST – TradingMarkets
Join TradingMarkets CEO and co-founder Larry Connors for his live, free weekly Conference Call at noon EST. Is it time to be buying pullbacks or selling
bounces? Take an inside look at the TradingMarkets Battle Plan for stocks and see where Larry is looking to find the best trading opportunities. That’s Thursday at
noon. Click the headline above to register. It’s free!
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