Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Index Futures Pointing to Firm Opening … Yahoo! Rises on Rumor of Renewed Microsoft Interest … Corporate Job Cuts Top 81K in June, Says Challenger … Circuit City Dips on Blockbuster Bid Withdrawal … GM China Sales Slow … United Health Lowers Profit Forecast for Year …
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!
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TradingMarkets 5 Business Stories You Need to Know |
GM’s Wagoner Under the Gun – Or Not? – Wall Street Journal
While heads roll on Wall Street, GM CEO Rick Wagoner remains at the helm of the world’s largest automaker, despite the company’s stock tumbling by more than 80% on his watch.
General Motors 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 General Motors 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!
Blockbuster Backs Off Circuit City Bid – Bloomberg
A “second look” at the books had led Blockbuster to finally walk away from its plan to buy electronics retailer, Circuit City.
ECB: Hawkish and Hated? – DailyFX
DailyFX currency analyst Terri Belkas takes a look at the ramifications of the European Central Bank’s determination to fight Eurozone inflation by raising the rate on the Euro.
Consumers to Automakers: We Want Smaller Cars – AFP
The inability to provide car buyers with the smaller, fuel-efficient models they want in the era of $4 gasoline continues to leave dealership lots loaded with SUVs and supersized pickup trucks.
Microsoft Not Done with Yahoo! Yet – Wall Street Journal
If Microsoft can’t have Yahoo!, then the software giant seems content on winning Yahoo!’s search business through a variety of big media partnerships that could lead to the end of Yahoo! as we know it if successful.
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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Pet-Smart
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PowerRating) the recession-beater? Positive remarks about the pet-store’s ability to withstand a slowing economy encouraged traders to bid the stock higher by more than 6%. - Concerns about the effect of a slowing economy on aluminum demand led Credit Suisse to lower quarterly profit estimates for Alcoa
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PowerRating). The stock was among the leaders to the downside in the Dow. - A Minnesota judge ruled that Wal-Mart
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PowerRating) violated state employment law with regard to overtime, breaks. The plaintiffs were awarded more than $6 million in compensatory damages. - An analyst upgrade to “outperform” boosted shares of Celgene
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PowerRating) by more than 8% on Tuesday. - Starbucks
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PowerRating) announced plans to close 600 “underperforming” stores between now and the middle of fiscal 2009. - Lower trading volumes were blamed by traders selling shares of CME Group
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PowerRating), which were down more than 6% on the day. - Better than expected June sales led traders to bid shares of General Motors
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PowerRating) higher on Tuesday. GM June sales were down 8% rather than the 21% analysts had expected.
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 |
| National Presto Industries Inc. | NPK | 9 |
| Gulf Island Fabrication Inc. | GIFI | 9 |
| Trimble Navigation Ltd. | TRMB | 8 |
| Sykes Enterprises Inc. | SYKE | 8 |
| Royale Energy Inc. | ROYL | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
What’s Your Beef? Choosing the Right Cattle Future – TradingMarkets
TradingMarkets contributor Dave Goodboy is all hat AND all cattle when it comes to breaking down the livestock futures market.
Haggerty’s Open House Extended! – TradingMarkets
Just in time for the Independence Day Holiday, TradingMarkets is extending our first ever trader’s open house featuring Kevin Haggerty’s Professional Trading Service through the end of the week! Expanded daily commentary, stock selections, market updates and strategy alerts … There’s still time for you to see 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.
Stock Trading and Intraday Weakness – TradingMarkets
When you absolutely, positively want to buy low and sell high, waiting for the “pullback after the pullback” is one winning approach.
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