Thursday Morning Coffee with TradingMarkets

Good Morning!

Washington Mutual, Lehman Lead Financials Lower ... New Zealand Cuts Its Rate to 7.5%, Brazil Raises to 13.75% ... $35 Billion Tanker Deal Pending Until January ... General Motors Gains More than 6% ... ImClone Says "Too Low" to Bristol Bid

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TradingMarkets 7 Stocks You Need to Know for Thursday

Here are 7 stocks for traders for Thursday from TradingMarkets.com:

• The Pentagon has announced that it will be unable to award a $35 billion dollar tanker contract before January. Both Boeing (BA | Quote | Chart | News | PowerRating) and Northrop Grumman (NOC | Quote | Chart | News | PowerRating) are competing for the contract initially awarded to Northrop Grumman.
  
  
• A narrowed range for revenues and earnings did not affect the in-line guidance provided by Texas Instruments (TXN | Quote | Chart | News | PowerRating), which encouraged traders to bid shares of the stock higher at the open, though the stock closed lower on the day.
  
  
• Shares of Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) fell on Wednesday by another near 7%, making its year-to-date decline just shy of 90%.
  
  
• Campbell Soup {CPB|CPB] reports earnings Thursday morning before the market opens. Analysts are expecting EPS of $0.25.
  
  
• ImClone Systems (IMCL | Quote | Chart | News | PowerRating) rejected a bid from Bristol Meyers Squibb (BMY | Quote | Chart | News | PowerRating), saying the company was worth more and that a potential bidder that remained unnamed was willing to pay $70 per share compared to Bristol Meyers $60 per share.
  

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

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Developer and trader of mechanical systems and featured speaker at TradingMarkets 2008, Art Collins, talks about the systems and practices that have brought him trading success.

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TradingMarkets Daily PowerRatings Analysis

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Whether markets are trending or moving sideways, buying the oversold and selling the overbought remains a sound strategy for swing traders.

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