Tuesday Morning Coffee with TradingMarkets

Good Morning!

Futures Pointing to Negative Open ... Citi Gets $3 Billion from Kuwait Sovereign Wealth Fund ... FOMC Meeting Begins Today ... Toyota May Cut Sales Goal in 2008 ... GM Offers Rebates to Move Inventory ... Broadcom Co-Founder Pleads Guilty in Options Backdating Case ... UPS Cutting Earning Forecast, Cites Fuel Costs ...

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TradingMarkets 5 Business Stories You Need to Know

Bunge To Buy Corn Products - MarketWatch
Agricultural giant Bunge's $4.8 billion bid for Corn Products sent the shares of the latter soaring to all-time highs as the commodities boom roars on. Bunge Ltd. is the Featured Stock in our TradingMarkets Up or Down Stock Contest. You have until 4 p.m. EST today to tell us whether you think Bunge will be Up or Down on Wednesday. Click here to register for free for your chance to win $1,000 by correctly guessing the direction of a stock!

Google Goes Wireless with Android - Wired
A free, open source mobile platform designed by Google looks to offer the "spirit of Linux and the reach of Windows" according to Daniel Roth in this special Wired report on Google's new Android phone.

Yen Weak Against Euro - Bloomberg
The quest for higher yields sends Japanese traders and investors out of the yen and into higher-yielding currencies in the West.

The Road to $2 Gas - MarketWatch
Is speculation in the oil market keeping prices higher than they should be? Congressional testimony from energy analysts and professional traders suggested yesterday that curbing speculation could halve the price consumers pay for gasoline at the pump.

GM: Auto Rebates R' Us - Wall Street Journal
Cuts in production and no interest loans of up to six years on selected 2008 models are among the plans to help General Motors fight off competition from rival Toyota Motors.

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:

• Investors cheered Haliburton (HAL | Quote | Chart | News | PowerRating) and its decision to end talks about a proposed takeover of Expro International Group PLC, sending shares of Haliburton higher by nearly 6%.
  

• General Motors (GM | Quote | Chart | News | PowerRating) is looking to offer no-interest loans for up to six years in an effort to help move its 2008 inventory of cars and trucks.
  
  
• Darden Restaurants (DRI | Quote | Chart | News | PowerRating) reports earnings today after the bell, with analysts expecting EPS of $0.75.
  
  
• Google (GOOG | Quote | Chart | News | PowerRating) announced that its new Android mobile phone platform was on track to be available in the second half of 2008 as originally planned.
  
  
• Traders sold shares of Circuit City (CC | Quote | Chart | News | PowerRating) on an analyst's conclusion that Blockbuster (BBI | Quote | Chart | News | PowerRating) was unlikely to pay the agreed upon per share price to purchase the electronics retailer.
  
  
• Agriculture giant Bunge Ltd. (BG | Quote | Chart | News | PowerRating) announced on Monday that it would acquire Corn Products in a deal estimated between $4-5 billion.
  

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 ... call us toll free at 1-888-484-8220, extension 1 now to see Kevin Haggerty's Professional Trading Service free for three days starting today!

Swing Trading College Session 8 - TradingMarkets
Session 8 will show traders how to apply our swing trading techniques to trading options. Calls, puts, spreads all can play a role in helping traders take advantage of short term opportunities in the markest. Find out how by joining us at the Swing Trading College today at 5 p.m. EST. Click the headline above for more information.

How to Use the Tick Index in Your Day Trading - TradingMarkets
TradingMarkets contributor Kunal Vakil shows traders how to use this shortest of short term indicators to recognize extremes in buying or selling pressure in the market.

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