Wednesday Morning Coffee with TradingMarkets

By | TradingMarkets.com | August 20, 2008 09:00 AM
Symbols: HPQ, AIG, BTU, MEE, WCG








Good Morning!

Lehman's Considers Sale of Money Management Division ... Goldman Likes Morgan Stanley ... Forex Seasonality and USD/CAD ... Global Sales Buoy HP Profits ... Producer Prices Up, Home Starts Down


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:




  • Energy stocks were among the most impressive performers to the upside on Tuesday, with Peabody Energy Corporation ( BTU | Quote | Chart | News | PowerRating) and Massey Energy Company ( MEE | Quote | Chart | News | PowerRating) both climbing by more than 7%.



  • Among the biggest decliners in the Dow industrials was American International Group ( AIG | Quote | Chart | News | PowerRating), which lost nearly 6% on Tuesday.




  • Hewlett-Packard ( HPQ | Quote | Chart | News | PowerRating) beat analysts' earnings estimates by three cents in its report Tuesday after the markets closed.



  • A settlement with U.S. prosecutors in a Medicaid fraud case sent shares of WellCare Health Plans ( WCG | Quote | Chart | News | PowerRating) soaring by more than 10%.



  • BJ's Wholesale ( BJ | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the bell. Analysts are expecting EPS of $0.57.



  • Shares of Lehman Brothers Holdings ( LEH | Quote | Chart | News | PowerRating) fell more than 12%, rapidly closing in on the historic, multi-year July lows.



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







TradingMarkets 5 PowerRatings Stocks for Today


















Company
Symbol PowerRatings
Koppers Holdings Inc. KOP 9
Myriad Genetics Inc. MYGN 9
National Instruments Corporation NATI 9
Parexel International Corporation PRXL 9
United Stationers Inc. USTR 9





View More Stocks





TradingMarkets Making Great Traders

Intermarket Reversal Setting Up - TradingMarkets

The prizefight between the financials and the energies continues with the energies taking the latest round on Tuesday. Kevin Haggerty, TradingMarkets columnist and former senior vice president for Equity Trading at Fidelity Capital Markets, helps you handicap the next move in this stock market match.


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.


7 ETFs You Need to Know for Today - TradingMarkets

The Chinese continue to lead in Olympic gold medals, but their ETFs are sorely lagging. The iShares FTSE/Xinhua 25 index ETF, FXI, was down on today along with other Asian ETFs.







TradingMarkets 5 Business Stories You Need to Know

Lehman Brothers' Lament - New York Times


Sales of all or part of the investment banks money management division is being considered as part of an increasingly desperate effort to reverse Lehman Brothers'
fortunes.


Lehman Brothers 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 Lehman Brothers 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!


Goldman: Buy Morgan Stanley, Sell Citi - Bloomberg

A Citigroup analyst suggests an unlikely pairs trade for aggressive investors and traders looking for bargains among Wall Street's battered financials.


Forex for All Seasons - DailyFX

Seasonality? It's not just for stocks any more as DailyFX's quantitative analyst David Rodriguez explains in this discussion of the USD/CAD.


HP's Powerful Profits - Wall Street Journal

Among some of the unheralded stars of the current stock market are biotechnology companies, which are being acquired by larger pharmaceuticals at a dramatic pace. Barron's provides their list of a few of those biotechs most worth watching.


Prices Up, Construction Down - BusinessWeek

Soaring producer prices and further declines in new home construction remind investors of the box the economy is in.


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


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


Original publication: August 20, 2008

How to Successfully Trade ETFs

Do you want to learn how to trade more successfully, more consistently ... and with more confidence? If so, then the TPS strategy is for you.

Hundreds, if not now thousands, of ETF traders successfully use the TPS trading strategy to find the best ETF trade set-ups each day to place winning trades.

FREE NEWSLETTERS

What Stocks and ETFs are headed up and down this week?

Our Weekly Newsletter covers this in dept and gives performance information on the previous week.

TradingMarkets Weekly Newsletter

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Tuesday February 21 01:00 PM
Presented By Phil Suarez
Thursday February 23 12:30 PM
Presented By Kevin Haggerty
* Attendance is strictly limited and seats are filled on a first-come, first-served basis.