Tuesday Morning Coffee with TradingMarkets

Good Morning!

CME Group Earnings On Deck ... Apple's Earnings Continue to Impress ... Is the Pound Overvalued versus the Greenback? ... Icahn Joins Yahoo Board, Avoids Proxy Battle ... CAT Earnings Before the Bell Tuesday

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TradingMarkets 5 Business Stories You Need to Know

CME Group Makes Final Offer for NYMEX - Energy Risk
The value of the merger between CME Group and NYMEX has declined as CME shares have lost value since the deal was originally agreed upon in January 2008. CME Group announces earnings this morning before the market opens.

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

Macs, iPhones Boost Apple Earnings - CNN Money
Earnings up, announcement beats, but Apple's fourth quarter earnings forecast disappointed analysts who were expecting continued earnings outperformance.

About That Overbought Sterling ... - Financial Times
Investment editor John Authers takes the position that the overvalued British pound may not be so overvalued after all - especially in the context of a persistently weak American dollar.

Icahn Joins Yahoo Board - BusinessWeek
Agreeing to be seated on the Yahoo! board of directors along with two others from his slate, activist investor Carl Ichan avoids a nasty proxy battle with CEO and founder Jerry Yang and Yahoo!

Gaming the Trade in CAT - Schaeffer's Research
The analysts at Schaeffer's Research take a look at the technicals and sentiments behind Caterpillar, which announces earnings Tuesday morning before the bell.

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:

• Swiss pharmaceutical giant Roche announced a $43.7 billion bid for the 44% of Genentech (DNA | Quote | Chart | News | PowerRating) it does not already own.
  

• Wachovia (WB | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the opening bell. Analysts are expecting a loss of $0.78 per share.
  
  
• Disappointing results over the drug, Vytorin, that it is co-marketing with Merck, led to losses for Schering-Plough (SGP | Quote | Chart | News | PowerRating) on Monday.
  
  
• Bank of America (BAC | Quote | Chart | News | PowerRating) reported earnings on Monday that were lower than but not as bad as feared by analysts.
  
  
• In the latest move of the Great Yang/Icahn Showdown, the activist investor has agreed to accept three seats on the Yahoo! (YHOO | Quote | Chart | News | PowerRating) board of directors rather than follow-through on a proxy fight.
  
  
• Reporting earnings before the market opens on Tuesday, Caterpillar (CAT | Quote | Chart | News | PowerRating) is expected to announce EPS of $1.54.
  
  
• Analysts are expecting earnings per share of $3.86 when the CME Group Inc. (CME | Quote | Chart | News | PowerRating) reports earnings tomorrow before the bell.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

Swing Trading College: Putting It All Together - TradingMarkets
Session 10 in our popular Swing Trading College takes place tonight at 5 p.m. Eastern. Find out what you need to do to connect the dots of market analysis, trading execution, managing your money and controlling your emotions en route to becoming the greatest trader you can be. Click the headline above for more information.

Part-time Work Earns Full-time Pay? - TradingMarkets
TradingMarkets Select Contributor Austin Passamonte remind traders that while "working hard" is always an admirable goal, "working smart" should always be our ultimate destination.

"SEC = Securities Elevation Commission" - TradingMarkets
Another instant classic from Gary Kaltbaum, "SEC = Securities Elevation Commission," finds the King of Gary's Gallery telling it like it is when it comes to the government's, always, heavy-hand in the market.

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