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Thursday Morning Coffee with TradingMarkets

By David Penn | TradingMarkets.com
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Good Morning!

Stocks Rally Early, But Finish Off Highs ... Fed Continues Flat Rate Policy As Economic Outlook Improves ... Asian Markets Advance ... Euro Bounce Against Greenback Continues ... 9s and 10s Complete Top 25 PowerRatings Stocks Roster .... Most Oversold ETFs for Today Include EZA, IAU, PBW ...

Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Retail giant, Wal-Mart (WMT | Quote | Chart | News | PowerRating) announces its fiscal second quarter 2010 results Thursday before trading starts. The company is expected to report an EPS of 85 cents.

  • Hip clothing retailer, Urban Outfitters (URBN | Quote | Chart | News | PowerRating) is forecast to announce an EPS of 26 cents prior to the opening bell Thursday morning.

  • A loss of 8 cents is the projected fiscal fourth quarter result for Elizabeth Arden (RDEN | Quote | Chart | News | PowerRating), which is expected to report Thursday morning before the trading day.

  • Dr. Pepper Snapple (DPS | Quote | Chart | News | PowerRating) has traders anxiously awaiting an EPS of 50 cents for its fiscal second quarter 2009 before the bell on Thursday.

  • After the close on Thursday, traders can expect to hear the scheduled earnings report from Kohl's (KSS | Quote | Chart | News | PowerRating). An EPS of 74 cents for their fiscal second quarter 2010 is expected.

  • Before the bell, Gildan Activewear (GIL | Quote | Chart | News | PowerRating) reports earnings with a forecast fiscal third quarter EPS of 29 cents.

  • A loss of 4 cents/share is what investors expect for Briggs & Stratton (BGG | Quote | Chart | News | PowerRating). BGG reports its fiscal fourth quarter of 2009 on Thursday before trading begins.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
California Pizza Kitchen Inc. CPKI 10
Research in MotionRIMM 9
Senior Housing Properties Trust SNH 9
Amlyn Pharmaceuticals AMLN 8
General Electric GE 7
View More Stocks

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 Making Great Traders

Dynamic Exits: How to Properly Exit a Trade - TradingMarkets
Larry Connors explores the two dynamic exit strategies that he has adopted, and which also tested the best, to properly exit stock and ETF trades.

Trading Successfully When the News is Bad - TradingMarkets
Everywhere you look, any conversation you listen to, it is about the economy and its impact on our lives. TradingMarkets contributor Nazy Massoud discusses four steps traders can take to succeed in uncertain market conditions.

How to Properly Trade a Range Bound Instrument, Part 1 - TradingMarkets
Although it is obvious how to profit from an up trending or down trending market, it is not as apparent how a trader can take advantage of a sideways market. Here's a resolution to help traders navigate this sideways action.

TradingMarkets 7 ETFs You Need to Know for Today

Financial ETFs Lead Markets Higher as Bonds Begin to Pullback Once Again - TradingMarkets
The bid was back under financials on Wednesday as oversold conditions have drawn buyers back into the market. Up well over 4% intraday but falling off its highs late in the session was the Direxion Daily Financial Bull 3x Shares ETF.

Click here to sign up for Larry Connors' Trading Lesson of the Day.


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