Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Staples Acquires Corporate Express for $2.6 Billion … Major Central Banks Leaning Toward Rate Increases … Lehman Raises $6 Billion … XTO Energy To Buy Hunt Petroleum … Investment Grade Bond Yields Soar … Royal Bank of Scotland Announces “Satisfactory” First Half … JP Morgan Calls Mexico “Top Pick” for Latin America
Asian stocks up … European stocks up … The dollar is moving lower against the Australian, Canadian dollars … And the futures are trending higher in the hour before the bell.
Join CNBC guest commentator and TradingMarkets FX specialist Mark Whistler tomorrow at 1 p.m. as he introduces his new Forex Elite Trading Seminar. First learn the strategies, then watch Mark trade live for three consecutive days. Click here to find out more about Mark Whistler’s Forex Elite Trading Seminar in a free special presentation Thursday, June 12.
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TradingMarkets 5 Business Stories You Need to Know |
Coca Cola Earns Deutsche Bank Upgrade – Wall Street Journal
Anticipation that overseas sales – particularly in Latin America – will bolster Coca Cola’s bottom line led a Deustche Bank analyst to upgrade the shares of the company from “hold” to “buy” on Tuesday.
Coca Cola 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 Coca Cola will be up or down on Thursday. Click here to register for free for your chance to win $1,000 a month by correctly guessing the direction of a stock!
A pair of new refineries in Brazil will likely make Petrobras the world’s third largest refiner. Brazil’s largest oil refiner will boost capacity to 1 million barrels a day by 2014, analysts say.
Does the Greenback/Oil Relationship Still Exit? – Financial Times
Financial Times columnist John Authers analyzes the historic relationship between the U.S. Dollar and the price of oil and wonders if that nearly perfect inverse relationship – when the dollar goes down, the price of oil goes up – will remain intact.
Find out what TradingMarkets FX specialist Mark Whistler thinks about the U.S. dollar, the price of oil and a host of other FX-related issues every week in his free, weekly Conference Call, Fridays at 1 p.m. Eastern. Click here to reserve your spot!
Suicide is Painless – And Suspicious – New York Times
Convicted former hedge fund manager, Samuel Israel III, mysteriously disappeared an hour before being scheduled to report to prison to begin a 20-year sentence for conspiracy and fraud. Israel’s abandoned SUV was found on a bridge over the Hudson River on Monday with the phrase “Suicide is Painless” written on the hood.
Nvidia: The Game Goes On – Eurogamer.net
In this fascinating, in-depth interview with Nvidia’s vice president for content development, Roy Taylor talks about Nvidia’s role in both PC and console gaming, and what the next generation of games – and graphics chips – will bring to gamers over the next few years.
Nvidia has a Short Term PowerRating of 6. Does this make NVDA 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 and best way to find out. Click here to launch your free, 7-day trial subscription 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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A Deutsche Bank AG analysis of options trading activity in both Goldman Sachs
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PowerRating) and Citigroup
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PowerRating) – among others – suggests that traders are pricing in significant dividend cuts across the board in the financial services industry. - Nvidia
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PowerRating), one of the biggest makers of computer graphics chips, was downgraded today from “neutral” to “sell” by FTN Midwest, citing growing inventories and competition. - The death watch for Lehman Brothers Holding
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PowerRating) continues, with Wachovia Corp and Credit Suisse downgrading the stock due to Lehman’s larger than expected losses. - National City Corp
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PowerRating), the largest bank in Ohio, admitted to having a “Memorandum of Understanding” with the Federal Reserve Bank of Cleveland with regard to questions over asset quality, liquidity and risk management. - The less than optimistic forecast provided by Texas Instruments
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PowerRating) during its mid-quarter outlook led traders to sell the stock on Tuesday. - Anticipated revenue growth from operations overseas led Deutsche Bank AG to upgrade Coca Cola
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PowerRating) from “hold” to “buy.”
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 |
| Verigy Ltd. | VRGY | 9 |
| Sohu.com Inc. | SOHU | 9 |
| Gibraltar Industries Inc. | ROCK | 9 |
| Mindray Medical International | MR | 9 |
| Health Management Associates | HMA | 9 |
| View More Stocks |
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TradingMarkets Tracking the Wizards |
Gary Kaltbaum Live at 1 p.m. Eastern – TradingMarkets
Are you a member of Gary’s Gallery? 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.
Using Candlesticks to Stay Ahead of the Market – TradingMarkets
The undisputed King of Candlesticks, Steve Nison shares his unique insights into the world of Japanese candlestick trading in this new article available only at TradingMarkets.com!
How to Utilize the ISEE Index When Trading Options – TradingMarkets
What is the ISEE index and why is it the best tool for options traders and most of them don’t even know about it? TradingMarkets contributor Kurt Eckhardt gives TradingMarkets readers the skinny on this unique approach to analyzing option trader sentiment.
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