Tuesday Morning Coffee with TradingMarkets

By | TradingMarkets.com | June 24, 2008 12:00 AM
Symbols: GM, HAL, GOOG, DRI, CC






Good Morning!


Futures Pointing to Negative Open ... Citi Gets $3 Billion from Kuwait Sovereign Wealth Fund ... FOMC Meeting Begins Today ... Toyota May Cut Sales Goal in 2008 ... GM Offers Rebates to Move Inventory ... Broadcom Co-Founder Pleads Guilty in Options Backdating Case ... UPS Cutting Earning Forecast, Cites Fuel Costs ...


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TradingMarkets 5 Business Stories You Need to Know



Bunge To Buy Corn Products
- MarketWatch

Agricultural giant Bunge's $4.8 billion bid for Corn Products sent the shares of the latter soaring to all-time highs as the commodities boom roars on.
Bunge Ltd. 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 Bunge will be Up or Down on Wednesday. Click here to register for free for your chance to win $1,000 by correctly guessing the direction of a stock!



Google Goes Wireless with Android - Wired


A free, open source mobile platform designed by Google looks to offer the "spirit of Linux and the reach of Windows" according to Daniel Roth in this special Wired report on Google's new Android phone.



Yen Weak Against Euro - Bloomberg


The quest for higher yields sends Japanese traders and investors out of the yen and into higher-yielding currencies in the West.




The Road to $2 Gas - MarketWatch

Is speculation in the oil market keeping prices higher than they should be? Congressional testimony from energy analysts and professional traders suggested yesterday that curbing speculation could halve the price consumers pay for gasoline at the pump.




GM: Auto Rebates R' Us - Wall Street Journal

Cuts in production and no interest loans of up to six years on selected 2008 models are among the plans to help General Motors fight off competition from rival Toyota Motors.



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:




  • Investors cheered Haliburton ( HAL | Quote | Chart | News | PowerRating) and its decision to end talks about a proposed takeover of Expro International Group PLC, sending shares of Haliburton higher by nearly 6%.




  • General Motors ( GM | Quote | Chart | News | PowerRating) is looking to offer no-interest loans for up to six years in an effort to help move its 2008 inventory of cars and trucks.






  • Darden Restaurants ( DRI | Quote | Chart | News | PowerRating) reports earnings today after the bell, with analysts expecting EPS of $0.75.






  • Google ( GOOG | Quote | Chart | News | PowerRating) announced that its new Android mobile phone platform was on track to be available in the second half of 2008 as originally planned.






  • Traders sold shares of Circuit City ( CC | Quote | Chart | News | PowerRating) on an analyst's conclusion that Blockbuster ( BBI | Quote | Chart | News | PowerRating) was unlikely to pay the agreed upon per share price to purchase the electronics retailer.






  • Agriculture giant Bunge Ltd. ( BG | Quote | Chart | News | PowerRating) announced on Monday that it would acquire Corn Products in a deal estimated between $4-5 billion.




For a list of today's highest PowerRating stocks, click here.







TradingMarkets 5 PowerRatings Stocks for Today


































Company
Symbol PowerRatings
NetScout Systems NTCT 9
Abiomed Inc. ABMD 9
World Acceptance Corporation WRLD 8
Sykes Enterprises Inc. SYKE 8
Skyworks Solutions Inc. SWKS 8





View More Stocks









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How to Use the Tick Index in Your Day Trading - TradingMarkets

TradingMarkets contributor Kunal Vakil shows traders how to use this shortest of short term indicators to recognize extremes in buying or selling pressure in the market.



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Original publication: June 24, 2008

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