Monday Morning Coffee with TradingMarkets

By | TradingMarkets.com | November 10, 2008 09:00 AM
Symbols: GM, MSFT, WFC, YHOO, F








Good Morning!

Stocks End Week on High Note ... Asian Stocks Advancing as China Announces $586 Billion Stimulus Package ... Rate Cuts and Spending Encouraged by G-20 to Stave Off Economic Crisis ... Nortel, DISH Networks, Starbucks Report Earnings Today ...


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TradingMarkets 7 Stocks You Need to Know for Monday

Here are 7 stocks for traders for Monday from TradingMarkets.com:



  • Steve Ballmer of Microsoft ( MSFT | Quote | Chart | News | PowerRating) said that the company was no longer interested in trying to work out a merger deal involving Yahoo! ( YHOO | Quote | Chart | News | PowerRating)



  • General Motors ( GM | Quote | Chart | News | PowerRating) widely missed analyst earnings estimates and warned of a significant shortage of cash in the first quarter of 2009 if the company does not get some kind of assistance. The company is also halting talks of a potential merger with Chrysler to focus on immediate financial concerns. Ford Motor Company ( F | Quote | Chart | News | PowerRating), which also reported earnings on Friday, similarly missed estimates and expressed grave concern over its deteriorating cash situation.



  • Wells Fargo ( WFC | Quote | Chart | News | PowerRating) raised more than $11 billion in a stock offering designed to help raise capital for the bank's acquisition of Wachovia ( WB | Quote | Chart | News | PowerRating).



  • Starbucks ( SBUX | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 0.13 when the company reports Monday after the bell.


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







TradingMarkets 5 PowerRatings Stocks for Today


















Company
Symbol PowerRatings
Life Partners Holdings Inc. LPHI 9
Telecom System TSYS 8
Cryolife Inc. CRY 8
Integral Systems ISYS 8
Beneficial Mutual Bancorp BNCL 7





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Original publication: November 10, 2008

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