Tuesday Morning Coffee with TradingMarkets

Good Morning!

Index futures pointing to lower open ... Stocks lower overnight in Asia, Europe ... S&P 500 and Nasdaq remain deeply oversold ... Crude, gold, Euro, Japanese yen all continue to pull back from recent highs ... Pending Home Sales, UBS Same Store data due today ...

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TradingMarkets 5 Business Stories You Need to Know

Microsoft: Back on the Bid? - New York Times Blogs
Microsoft said that they would consider bidding again for Yahoo! if the Internet company gets rid of its current board - and current CEO and founder Jerry Yang.

Microsoft is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether Microsoft 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!

Will Loans Stave Off Rate Hikes? - Bloomberg
Living up to its nickname as the lender of last resort, the Bernanke Fed continues to look toward alternative ways of supporting liquidity in the capital markets without stoking inflation.

Previewing a Week of Forex News - DailyFX
What should forex traders be focused on during the week following the Independence Day holiday? DailyFX Chief Strategist Kathy Lien counts five things for forex traders to look out for - from the G7 Summit to the Bank of England rate decision.

Fannie, Freddie Fall Hard - Wall Street Journal
The fear that both Fannie Mae and Freddie Mac will suffer increased defaults on mortgages encouraged massive selling in both stocks on Monday. Both stocks were down by more than 16%.

InBev to Bud: Dump Your Board - Wall Street Journal
Microsoft isn't the only would-be acquirer calling for the removal of a stubborn board of directors. InBev, the Belgian brewer has demanded that the Anheuser-Busch board step aside to help facilitate its takeover of the all-American beermaker.

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:

• Shares of General Motors (GM | Quote | Chart | News | PowerRating) were higher early on Monday on the company's insistence that the only line under consideration for possible cancellation is their Hummer brand of SUVs.
  

• Both Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) were sold aggressively on Monday, with Freddie Mac down more than 25% by mid-day.
  
  
• A Barron's article this weekend suggested that earnings per share for egg producer Cal-Maine (CALM | Quote | Chart | News | PowerRating) may climb by 290%.
  
  
• Pepsi Bottling Group (PBG | Quote | Chart | News | PowerRating) reported earnings this morning before the bell, beating analyst estimates by $0.03.
  
  
• Microsoft (MSFT | Quote | Chart | News | PowerRating) announced that it would consider reopening its bid for Yahoo! (YHOO | Quote | Chart | News | PowerRating) if the company's board were to be replaced.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

Tips to Help You Avoid Sour Trades - TradingMarkets
TradingMarkets contributor Doug Fabian shows long term traders and investors how to kick the tires and check under the hood when it comes to mutual funds and ETF investing.

Trading is a Business - Treat it Like One - TradingMarkets
This evening is Session 9 of our popular Swing Trading College. Tonight will be the beginning of a two-part session on putting together a trading portfolio and treating your trading like a business. Join Larry Connors tonight at 5 p.m. EST. Click the headline above for more information.

Gary Kaltbaum Live Tomorrow! - 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 this volatile stock market in his free weekly Conference Call. Click the headline above to reserve your spot.

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