Tuesday Morning Coffee with TradingMarkets

Good Morning!

Discover Sues Mastercard, Visa ... Hiring Believed to Have Slowed in Q3 ... Bernanke: Oil Adding to Inflation Risk ... Apple Unveils Blackberry Killer ... Fed Futures Point to September Rate Hike ... Lehman Warns of $2.8 Billion Loss ... Ford Tender Offer Attracts Investors ... Canadian Dollar Lower Before Rate Decision

Asian stocks down ... European stocks down ... The dollar is moving higher against the Euro ... And the futures are trending lower in the hour before the bell.

Join CNBC guest commentator and TradingMarkets FX specialist Mark Whistler as he guides you through THREE DAYS of life and labor as a forex trader. First learn the strategies, then watch Mark trade them live for three consecutive days. Click here to find out more about Mark Whistler's Forex Elite Trading Seminar June 15, 16 and 17.

TradingMarkets 5 Business Stories You Need to Know

Blackberry, Meet iPhone 3G - MacWorld
With a $199 price tag, Apple's upgraded iPhone is set to take on the Blackberry for the title of the businessperson's number one smartphone.

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

Lehman to Raise Capital - Wall Street Journal
Larger than expected losses at the investment bank mean that Lehman's will recognize its first net loss since 1994 - and that the company will need to raise at least $6 billion in additional capital.

Euro Rally or Greenback Bounce? - Financial Times
Will a "monetary decoupling" of the Euro from the U.S. Dollar help keep the rally in the Euro alive? Wolfgang Munchau of the Financial Times weighs in with a pro-Euro perspective.

The EUR/USD was one of three charts that TradingMarkets FX specialist Mark Whistler highlighted yesterday in his Forex Top 3 Chart Setups column. Find out what Mark is thinking about the Euro and the rest of the forex markets - and how you can succeed trading them - at a special presentation of the Forex Elite Trading Seminar today at noon Eastern. Click here to reserve your spot at this special, free FX discussion.

Icahn v. Yahoo Rages On - Wall Street Journal
Activist investor Carl Icahn broadened his criticism of Yahoo!'s leadership beyond the company's refusal to accept Microsoft's unsolicited bid for the company. Yahoo! countered that it had a plan to deliver improved performance going forward.

UBS: WaMu's Losses Larger - Bloomberg
A UBS AG analysts' prediction that WaMu will lose as much as $22 billion over the next three years was significantly larger than the bank's own estimate. Traders, in the short term, sided with the analyst, sending WaMu lower by more than 17% on Monday.

Washington Mutual has a Short Term PowerRating of 8. But if you think every high Short Term PowerRating stock is an automatic buy, then you need to read this article by TradingMarkets co-founder and CEO Larry Connors that reminds us that some high Short Term PowerRatings stocks are better than others.

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:

• Krispy Kreme (KKD | Quote | Chart | News | PowerRating) provided investors with its first profitable quarter in more than three years due to lower expenses and the sale of two franchises.
  

• Investors in Altria Group (MO | Quote | Chart | News | PowerRating) were heartened by news that the U.S. Supreme Court would revisit a lower court ruling that called for the company to pay $79.5 million in damages to an Oregon plaintiff.
  
  
• A precautionary salmonella warning forced McDonald's (MCD | Quote | Chart | News | PowerRating) to stop putting raw tomatoes on its sandwiches in the U.S. But news of higher May store sales kept the stock price moving higher on Monday.
  
  
• UBS is estimating that Washington Mutual (WM | Quote | Chart | News | PowerRating) will lose nearly $22 billion between now and 2011 due to losses related to mortgage lending. This number is significantly higher than Washington Mutual's own estimates.
  
  
• With its weekend box office hit, "Kung Fu Panda", DreamWorks Animation (DWA | Quote | Chart | News | PowerRating) was higher by more than 5% on the first trading day of the week.
  
  
• Apple (AAPL | Quote | Chart | News | PowerRating) has unveiled a new iPhone geared toward attracting business customers with its faster, "third generation" access to the Internet. AT&T (T | Quote | Chart | News | PowerRating) will be the only other U.S. provider.
  

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Tracking the Wizards

Become a Better Forex Trader Today! - TradingMarkets
24 hour markets. No commissions. No subprime lending write downs. You know why so many traders are turning to FX. Come join TradingMarkets FX specialist and CNBC guest commentator Mark Whistler has he shows you the tools and strategies that successful FX traders rely on every day in the markets. Click the headline above to reserve your spot for this special, free presentation.

Session 7 Swing Trading College Today - TradingMarkets
TradingMarkets co-founder and CEO Larry Connors leads Session 7 of one of our most popular programs we offer traders: the TradingMarkets Swing Trading College. Session 7 continues to look at swing trading techniques for the e-mini index futures, particularly the e-mini S&P 500. Click the headline above to find out how you can get a seat at the Swing Trading College.

TradingMarkets Stock Picker Jing Mai is Best in May - TradingMarkets
So many contenders. But the champion stock picker in our TradingMarkets Up or Down Stock Contest for May is Jing Mai. Jing Mai's stock-picking prowess last month was worth $1,000 in prize money. And competition for the June prize has just begun. So click the headline above for your chance to win $1,000 each month by correctly guessing the direction of a stock!

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