Monday Morning Coffee with Trading Markets

Monday Morning Coffee with TradingMarkets

Good Morning!

Allied Waste, Republic Services to Merge ... Citigroup Looks Toward Job Cuts ... Bunge Acquires Corn Products for $4.4 Billion ... Index Futures Off Highs ... Motorola Down in Pre-Market as "Sell" Ratings Increase ... Goldman: Sell Financials, Overweight Energies ... Comedian George Carlin Dead at 71 ...

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TradingMarkets 5 Business Stories You Need to Know

Daimler's Big Share Buyback - Bloomberg
The share buyback program recently announced by Daimler AG rivals that of both Toyota and BMW. The Daimler AG program has a price tag of approximately $9 billion.

Daimler AG is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. today to tell us whether or not you think Daimler AG will be up or down on Tuesday. Click here to register for free for your chance to win $1,000 by correctly guessing the direction of a stock!

Technical Take: Michael Kahn of Barron's - Barron's
What drove the markets higher this spring - too much buying or not enough selling? Barron's Michael Kahn weighs the evidence in his latest "Getting Technical" column.

The Dollar = Oil + Fed - DailyFX
What is a dollar worth? Two of the biggest factors in the direction of the greenback will be front and center this week, according to DailyFX chief strategist Kathy Lien, who analyzes both the Oil Summit in Saudi Arabia and the FOMC rate decision.

Bunge Buys Corn Products - Wall Street Journal
The $4.4 billion merger between Bunge Ltd. and Corn Products International only reinforces how the booming worldwide demand for agricultural products is dramatically reshaping the landscape for businesses in this industry group.

Goldman Sachs Cuts Jobs - Financial Times
Et tu, Goldman? The dreaded "H" word - "headcount" - has come under increased use at Goldman Sachs, with reports that the investment bank will be making cuts in its merger and acquisitions department by as much as 10%.

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:

• The Supreme Court of Canada has cleared the way for the leveraged buyout of BCE (BCE | Quote | Chart | News | PowerRating) by the Ontario Teachers Pension Plan. The $51 billion deal represents the largest LBO in world history.
  

• Huntington Bancshares Inc. (HBAN | Quote | Chart | News | PowerRating) announced that loan losses would be within previously forecast levels, heartening investors on Friday who bid the stock higher by more than 29% on Friday.
  
  
• A UBS AG analyst report suggests that further writedowns from Citigroup (C | Quote | Chart | News | PowerRating) means that the company is likely to announce a loss for the second quarter.
  
  
• Anticipated lighter demand in both Asia and Europe led a Citigroup analyst to downgrade shares of SanDisk (SNDK | Quote | Chart | News | PowerRating) from "buy" to "hold."
  
  
• Legendary value investor David Dreman has called for the ouster of Washington Mutual (WM | Quote | Chart | News | PowerRating) CEO, Kerry Killinger, in the wake of the bank's massive losses on subprime and adjustable rate mortgages.
  
  
• An improved 2008 outlook and an announced $1 billion stock buy back program helped send shares of Western Union (WU | Quote | Chart | News | PowerRating) higher by more than 8% on Friday.
  
  
• Daimler AG (DAI | Quote | Chart | News | PowerRating) announced plans for a $9 billion stock buyback - and news of its first electric cars to be marketed by 2010.

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

TradingMarkets 5 PowerRatings Stocks for Today

TradingMarkets Making Great Traders

Welcome to Haggerty's House! - TradingMarkets
For three days, traders will have a chance to look over the shoulder of pro trader and former head of trading for Fidelity Capital Markets, Kevin Haggerty. Expanded daily commentary, stock selections, market updates and strategy alerts ... click the headline above or call us toll free at 1-888-484-8220, extension 1 now to trade the Kevin Haggerty Professional Trading Service free for three days starting today!

Aaron Brown: The Poker Wizard of Wall Street - TradingMarkets
Find out in this interview how professional trader and long time poker aficionado, Aaron Brown, plays his hand both in trading and sport.

TradingMarkets Making Great Traders - TradingMarkets
Eddie Kwong provides his weekly digest of the best of the week that was at TradingMarkets - from an interview with Aaron Brown, hedge fund manager and author of The Poker Face of Wall Street, to the latest trading techniques from legendary trader, Larry Williams.

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