Tuesday Morning Coffee with TradingMarkets

Good Morning!

Home Depot Reports Before the Bell ... Nvidia's Chip Problem ... More Downside to AUD/USD ... EA Backs Out of Take Two Bid ... Is a Fannie, Freddie Bailout Inevitable?

If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!

TradingMarkets 7 Stocks You Need to Know for Today

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

• Rising prices and an analyst downgrade encouraged traders to sell shares of the Hershey Company (HSY | Quote | Chart | News | PowerRating), which were down by more than 9% on Monday.
  
  
• Analysts are expecting earnings per share of $0.76 when Target (TGT | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the open.
  
  
• Electronic Arts (ERTS | Quote | Chart | News | PowerRating) announced that it was withdrawing its $2 billion bid for Take-Two Interactive Software (TTWO | Quote | Chart | News | PowerRating) - though the two software gaming companies remain in negotiations.
  
  
• Fears that the U.S. government will be forced to bailout both Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating), led to aggressive selling in shares of both companies on Monday.
  
  
• Home Depot (HD | Quote | Chart | News | PowerRating) reports quarterly earnings Tuesday before the bell. Analysts are expecting EPS of $0.61.
  
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

Still Just a Bear Market Rally - TradingMarkets
Follow-through day notwithstanding, Fox Business contributor and TradingMarkets regular Gary Kaltbaum casts a doubtful eye at the staying power of the current rally in stocks.

Session 14: Swing Trading College Tonight! - TradingMarkets
In the final sessions of the TradingMarkets Swing Trading College, traders will continue to monitor real live trading of a $100,000 account.

7 ETFs You Need to Know for Today - TradingMarkets
In the final hour of trading on Monday, leveraged inverse ETFs for the main market indexes bounced by 4% or more from oversold conditions. Tuesday's 7 ETFs includes ProShares UltraShort Oil & Gas exchange-traded fund DUG.

TradingMarkets 5 Business Stories You Need to Know

Home Depot Reports on Tuesday - Seeking Alpha
With Lowe's better than expected earnings report on Monday, will Home Depot hold serve for the home improvement retailers?

Home Depot is the Featured Stock in our Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think Home Depot will be Up or Down on Wednesday. Click here to play our TradingMarkets Up or Down Stock Contest for your chance to win $1,000 a month by correctly guessing the direction of a stock!

Trouble in Chipland? - Wall Street Journal
Problems with their most recent graphics chips for laptops - and the absence of an official recall effort - are raising eyebrows among Nvidia customers.

Aussie Down, Dollar Up? - New York Times
The suggestion that the Reserve Bank of Australia might lower its benchmark rate helped encourage traders to sell the Aussie, which continues to lose ground to the U.S. dollar.

Electronic Arts Backs Away from Take Two Bid - New York Times
Although remaining in negotiations, Electronic Arts has officially withdrawn its $2 billion bid for rival software game maker, Take Two Interactive Software.

About that Fannie, Freddie Bailout - Reuters
Fears that troubles for the mortgage finance giants might be worse than expected drove down shares of Fannie Mae and Freddie Mac, and depressed the markets in general on Monday.

For more stories as they happen, go to our Breaking News section.

Click here to sign up for the Morning Coffee with TradingMarkets newsletter.