Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Index futures edging higher … Financials leading stocks rally in Europe … Asian stocks higher … Derivatives traders downgrade Fannie Mae, Freddie Mac … WPP launches hostile bid for Taylor Nelson … Oil prices rebound … Bernanke presses for wider Fed mandate …
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 |
Biogen Idec’s Pricing Power – Forbes
Higher prices for its widely-used multiple schlerosis drugs, Avonex and Tysabri, are likely to boost Biogen Idec’s bottom line according to one analyst – though the effects of the price hike are not likely to be felt until after the second quarter.
Biogen Idec is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether Biogen Idec 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!
Templeton Dies at 95 – Wall Street Journal
Legendary investor and philanthropist, father of the Templeton mutual fund family and pioneer of international investing, Sir John Templeton died at his home in the Bahamas on Tuesday. He was 95.
Will the ECB Prod the Fed Toward Higher Rates? – DailyFX
With the Bernanke Fed reluctant to raise its rate and the ECB hinting that its recent rate hike was “all for now,” which central bank is likely to blink first? DailyFX Chief Strategist Kathy Lien weighs in with comparative quotes from central bankers and policy makers on both sides of the Atlantic.
Metals Prices Buoy Alcoa Profits – CNN Money
Alcoa benefits from high aluminum prices as quarterly earnings edge more conservative estimates, though net income was down more than 20% year over year.
“I’m From the Fed And I’m Here to Help” – Financial Times
Fed chairman Bernanke on Tuesday proposed new regulations that would allow big investment banks to borrow emergency capital from the Federal Reserve.
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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In spite of shrinking profit margins and steep discounts on big ticket items, Saks
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SKS |
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PowerRating) saw its shares bounce on Tuesday from significantly oversold conditions. Saks closed up by more than 3%. - Apple Inc.
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AAPL |
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PowerRating) announced plans to sell its iPhone 3G on Friday July 11th at 8 a.m. across time zones. Apple, up more than 2% on Tuesday, gained for the third day in a row. - Anheuser-Busch
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BUD |
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PowerRating) asked a federal judge to block the planned, $43.6 billion takeover by Belgian beermarker, InBev. The stock was virtually unchanged on Tuesday. - Shaw Group
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SGP |
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PowerRating) reports earnings Wednesday after the close. Analysts are expecting earnings per share of $0.63. The stock was up more than 4% on Tuesday, marking its fourth consecutive higher high. - Reporting earnings on Tuesday after the closing bell, Alcoa
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AA |
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PowerRating) announced EPS of $0.66, in line with analyst estimates. The stock had closed lower by more than 3% in advance of the earnings report. - Shares of VMWare
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VMW |
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PowerRating) were down more than 24% on Tuesday on news that the company had ousted its CEO and co-founder Diane Greene and was lowering its revenue forecast for the second quarter. - Biogen Idec
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BIIB |
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PowerRating) was among the big gainers among health care stocks today as the company elected to raise the price on its multiple sclerosis drugs. The stock closed higher by nearly 7%.
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 |
| Royale Energy Inc. | ROYL | 9 |
| Credo Petroleum Corporation | CRED | 9 |
| Rackable Systems Inc. | RACK | 8 |
| Nam Tai Electronics | NTE | 8 |
| Ion Geophysical Corporation | IO | 8 |
| View More Stocks |
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TradingMarkets Making Great Traders |
Gary Kaltbaum Live Today! – TradingMarkets
Are you a member of Gary’s Gallery? Join Fox Business guest commentator and TradingMarkets regular contributor Gary Kaltbaum as he helps investors and traders navigate the market in his free weekly Conference Call. Click the headline above for to reserve your spot.
Tips for Trading During Earnings Season – TradingMarkets
TradingMarkets contributor Dave Goodboy helps you set your stock sights in the right direction as traders are inundated with earnings announcements for the second quarter.
Kevin Haggerty Trader Conference Call at 12:30 p.m. EST Tomorrow – 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 by clicking here to reserve your spot now.
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