Tuesday Morning Coffee with TradingMarkets

Good Morning!

Stocks Plunge Early, Rally Late on Monday ... Citi, Wells Fargo Suspend Wachovia Feud ... Lilly Wins Ichan's Imclone with $6.5 Billion Bid ... Greenbacks Soar as Oil, Euro Decline ... Bank of America Cuts Dividend 50%

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TradingMarkets 7 Stocks You Need to Know for Tuesday

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

• Citigroup (C | Quote | Chart | News | PowerRating) has sued Wells Fargo (WFC | Quote | Chart | News | PowerRating) and Wachovia (WB | Quote | Chart | News | PowerRating) over the former's attempt to buyout the latter. Citigroup claims to have a prior deal with Wachovia for rights to portions of the troubled lender.
  
  
• Costco (COST | Quote | Chart | News | PowerRating) announces quarterly earnings Tuesday morning before the market opens. Analysts are expecting EPS of 0.93.
  
  
• Eli Lilly (LLY | Quote | Chart | News | PowerRating) agreed to buy ImClone Systems (IMCL | Quote | Chart | News | PowerRating) for $6.5 billion. Bristol Myers Squibb (BMY | Quote | Chart | News | PowerRating) will drop its hostile bid for the company.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

Revenge of the Free Markets - TradingMarkets
Treasury Secretary Paulson is already setting the wolves up to guard the sheep pen. Commentary on this and more from one of the biggest free-market proponents in the trading circle.

The Yen Loves Misery - TradingMarkets
In the midst of all this market misery, the Japanese Yen have actually gained strength in the currency trade. Why does the Yen do so well when the rest of the world is feeling the heat?

7 ETFs You Need to Know for Today - TradingMarkets
Exchange-traded funds followed the markets and sectors they track on Monday, leading to significant pullbacks in long and leveraged long ETFs and sizable gains in short and leveraged short funds.

TradingMarkets Daily PowerRatings Analysis

5 PowerRatings Stocks for the Next 5 Days: VPHM, TSYS, THFF, SHOO, ROCK - TradingMarkets
Looking for stocks that are likely to be higher than the average stock in the next few days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start!

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