Quantcast
 
New book by Larry Connors Click here Improve your trading - See how



Wednesday Morning Coffee with TradingMarkets

By David Penn | TradingMarkets.com
Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Good Morning!

Merrill Sells Stock to Raise $8.5 Billion in New Capital ... Traders Follow the Bouncing Banks ... Can the Dollar Keep Climbing? ... Alcatel-Lucent Lose CEO and Chairman ... A Technician's Analysis of Stocks, Crude Oil and the American Dollar ...

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 5 Business Stories You Need to Know

Merrill Lynch's Big Mess - The Guardian
The Wall Street brokerage takes another step toward recovery through an $8.5 billion stock sale.

Merrill Lynch 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 Merrill Lynch will be Up or Down on Thursday. 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!

Financial Stocks Strike Back - Wall Street Journal
Derided days ago as bouncing merely on the basis of short-covering, financial stocks led the markets higher again for a 200+ rally day in the Dow on Tuesday..

More Upside for the Greenback? - DailyFX
DailyFX chief strategist Kathy Lien weighs in on the likelihood of the U.S. dollar continuing its surprising, month-long advance in her latest column, "Dollar Rally Set to Continue."

The Alcatel-Lucent Breakdown - BusinessWeek
The departure of the joint venture's CEO and Chairman bodes ill for the telecom combination - at least in the near term.

Rising Dollar, Falling Crude - Financial Sense
The latest technical look at stocks, the U.S. dollar and crude oil, courtesy of Frank Barbera of The Gold Stock Technician, in his column, "Assessing the Calm."

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:

  • Starbucks (SBUX | Quote | Chart | News | PowerRating) announced that it would be eliminating nearly 1,000 jobs and closing stores internationally in a bid to cut costs.

  • Reporting earnings today before the market opens, Garmin (GRMN | Quote | Chart | News | PowerRating) is expected to announce EPS of $1.00.

  • Falling prices for crude oil encouraged further selling in oil-related shares such as Apache (APA | Quote | Chart | News | PowerRating), which was lower on Tuesday.

  • Comcast (CMCSA | Quote | Chart | News | PowerRating) is expected to report earnings per share of $0.23 when the company announces earnings today before the bell.

  • Increased pricing power helped U.S. Steel (X | Quote | Chart | News | PowerRating) report earnings yesterday that surpassed analyst expectations. The stock ended up, by more than 14%.

  • Analysts are expecting EPS of $0.24 when Allied Waste (AW | Quote | Chart | News | PowerRating) reports earnings Wednesday after the market closes.

  • Selling $8.5 billion in new shares and dumping billions in mortgage-related securities, Merrill Lynch (MER | Quote | Chart | News | PowerRating) continued its efforts to shore up its capital base.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Rent-A-Center Inc. RCII 9
W&T Offshore Inc. WTI 8
Tetra Technologies Inc. TTI 8
Unit Corporation UNT 8
Sanderson Farms Inc. SAFM 8
View More Stocks

TradingMarkets Making Great Traders

Gary Kaltbaum's Weekly Conference Call Today! - TradingMarkets
Are you a member of Gary's Gallery? Join Fox Business guest commentator and long-time TradingMarkets contributor Gary Kaltbaum in his weekly Conference Call today at 1 p.m. Eastern at TradingMarkets.com. Come see the markets the way a pro sees the markets. Click the headline above to register for this free event.

Leave It to the Government - Really? - TradingMarkets
And if you haven't seen Gary Kaltbaum's latest column, "Leave it to the Government - Really?", then click the headline above to read Gary's latest take on the ongoing heavy hand of the federal government when it comes to the financial markets.

Part-Time Work Earns Full-Time Pay - TradingMarkets
TradingMarkets Select Contributor Austin Passamonte shows traders that there is an important difference between working smart and merely working hard when it comes to improving trading performance.

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


>> See more articles by David Penn
Stocks RSS Bookmark and Share
Related Articles
More Related Articles >>
PREMIER SPONSORED LINKS
TRADE CENTER
 
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.