Tuesday Morning Coffee with TradingMarkets

Good Morning!

Microsoft Announces Xbox-Netflix Online Movie Plan ... Jerry Yang Vows to Defend Yahoo! ... DailyFX's 5 Key Forex Events for the Week ... Waste Management Companies Look to Merge ... IndyMac Reopens Under Federal Control ...

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TradingMarkets 5 Business Stories You Need to Know

Netflix Onlilne Via XBox - Hollywood Reporter
The announcement from Microsoft helped kick off the E3 videogame conference yesterday. The deal had been anticipated since the CEO of Netflix joined Microsoft's board of directors in 2007.

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

Yang's Yahoo! - New York Times
Is it possible that the much-maligned man at the center of the controversy between Yahoo!, Microsoft and Carl Ichan is the one person who has Yahoo!'s interests most at heart?

DailyFX's Weekly Forex Watch List - DailyFX
Terri Belkas, currency analyst for DailyFX, highlights the five key events that forex traders will be focused on this week.

Waste Wars - Reuters UK
Waste Management launches an $6.2 billion, unsolicited bid for Republic Services, which is in merger talks with Allied Waste Industries

IndyMac is Back - Wall Street Journal
Under government supervision, the recently-failed bank reopened on Monday and suspended all foreclosures on its mortgages.

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:

• Washington Mutual (WM | Quote | Chart | News | PowerRating) suffered its steepest decline since going public on a report from Lehman Brothers that the bank could report losses of $26 billion in 2008.
  

• In other merger - or would-be merger - news, Yahoo! (YHOO | Quote | Chart | News | PowerRating) today announced that it had rejected another offer from Microsoft (MSFT | Quote | Chart | News | PowerRating) that would have involved breaking up the company.
  
  
• Waste Management (WMI | Quote | Chart | News | PowerRating) launched an unsolicited $6.2 billion bid for Republic Services (RSG | Quote | Chart | News | PowerRating), which is currently in merger negotiations with Allied Waste Industries (AW | Quote | Chart | News | PowerRating).
  
  
• Netflix (NFLX | Quote | Chart | News | PowerRating) is poised to announce plans to distribute films and movies over the Internet for subscribers who use Microsoft's XBox video console system.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

Swing Trading College Session 10 Tonight! - TradingMarkets
Part of becoming a successful professional-caliber trader is acting like one. Let TradingMarkets CEO Larry Connors guide you on the path toward becoming a great trader by showing you how to treat your trading like a business.

Kaltbaum's Conference Call Tomorrow Afternoon - TradingMarkets
Are you a part of Gary's gallery? Join Fox Business guest analyst, professional money manager and long-time TradingMarkets contributor Gary Kaltbaum for his weekly conference call Wednesday at 1 p.m. Eastern. Come learn how to see the markets the way a pro sees that markets.

What Can Dow Theory Do for You? - TradingMarkets
TradingMarkets contributor Dave Goodboy provides this helpful primer on the most basic - and most important - concepts in Dow theory.

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