Wednesday Morning Coffee with TradingMarkets
 |
Good Morning! |
Futures Trending Higher Before the Open … Monsanto Beats Estimates … FOMC Rate Announcement Today 2:15 p.m. EST … Illinois to Sue Countrywide … Consumer Confidence Falls to Lowest Levels Since 1992 … Goldman Among Those Revising Optimistic Outlook on Banks … Housing Bust Erases Four Years of Price Gains … Dow Chemical Raises Prices, Cuts Production
If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!
|
TradingMarkets 5 Business Stories You Need to Know |
Monsanto: Good Bad and Ugly – Vanity Fair
Monsanto beat analyst estimates by $0.10 a share in its earnings announcement this morning. Find out the good, bad and ugly about one of the most important agricultural biotech corporations in the world in this fascinating Vanity Fair investigation.
Monsanto is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think Monsanto 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!
Nike Earnings Due After the Close – Forbes
Forbes takes a look at how Nike’s masterful marketing has made the company almost synonymous with one of the greatest golfers ever to play the game.
Trading the FOMC Announcement – DailyFX
If you are a FX trader, then there aren’t many people you’d rather have guide you through a Fed fund rate announcement than DailyFx’s chief strategist Kathy Lien, who sets the table in her latest piece, “How to Trade the Fed Rate Decision.”
Blackberry Still Unbeatable – Crackberry.com
Research in Motion’s Blackberry continues to drive earnings. So have you learned to stop worrying and love the Blackberry? If you’re wondering what the fuss is about, then take a look at this primer from the number one website for Blackberry addicts, Crackberry.com
UPS: About that Guidance … – Seeking Alpha
Blogger Steve Farrington provides an interesting take on the most recent corporate casualty of the crude oil boom, United Parcel Service, which lowered its second quarter earnings forecast due to high fuel costs and a slowing economy.
For more stories as they happen, go to our Breaking News section.
|
TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
-
Completing terms on a joint agreement and seniority rules, Northwest Airlines Corp.
(
NWA |
Quote |
Chart |
News |
PowerRating) and Delta Air Lines Inc.
(
DAL |
Quote |
Chart |
News |
PowerRating) have removed the final obstacles to a merger of the two companies. Shares of both air carriers were up by more than 7% and 5%, respectively. - Analysts are expecting earnings per share of $0.85 when Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating) announces earnings today after the market closes. - Dow Chemical
(
DOW |
Quote |
Chart |
News |
PowerRating) announced that it would raise prices and cut back production in an effort to deal with the high cost of raw materials. - Nike
(
NKE |
Quote |
Chart |
News |
PowerRating) reports earnings today after the close, with analysts expecting EPS of $0.96. - Blaming high fuel costs and the slowing economy, UPS
(
UPS |
Quote |
Chart |
News |
PowerRating) lowered its profit forecast for the second quarter. The stock was down more than 6% on Tuesday. - Agribusiness king Monsanto
(
MON |
Quote |
Chart |
News |
PowerRating) announced earnings of $1.45 for the quarter this morning before the bell, handily beating analyst estimates.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| Xyratex Ltd. | XTRX | 9 |
| Stoneridge Inc. | SRI | 9 |
| The Mosaic Company | MOS | 9 |
| Methanex Corporation | MEOH | 9 |
| Western Digital Corporation | WDC | 9 |
| View More Stocks |
|
TradingMarkets Making Great Traders |
Gary Kaltbaum Live at 1 p.m. Eastern – TradingMarkets
Join professional money manager and Fox Business guest commentator Gary Kaltbaum today at 1 p.m. EST 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.
Welcome to Haggerty’s House! – TradingMarkets
Today is the final day of Kevin Haggerty’s Open House. Traders have spent the past two days looking over the shoulder of pro trader and former head of trading for Fidelity Capital Markets, Kevin Haggerty. Expanded daily commentary, stock selections, market updates and strategy alerts … There’s still time for you to get your look at the best of what Kevin Haggerty puts together for traders every day. So click the headline above or call us toll free at 1-888-484-8220, extension 1!
How Seasonalities Affect Futures Trades – TradingMarkets
TradingMarkets contributor Larry Schneider explains how seasonal patterns can be analyzed and used by futures traders to help anticipate price moves.
Click here to sign up for the Morning Coffee with TradingMarkets newsletter.