Thursday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Finish Unchanged … Asian Stocks Advance on Weaker Yen … Obama Announces Housing Rescue Plan … Falling Oil Prices Hit Canadian Economy … Earnings on Deck for Today Include: EXPE, NEM, GG, HRL, S …

Find out what traders are saying about the new book by Larry Connors and Cesar Alvarez, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Reporting earnings Wednesday after the close, Hewlett Packard
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    announced earnings that were in-line with analyst expectations. Revenue for the first quarter was less than expected and the stock moved lower immediately after the earnings report.

  • Expedia Inc.
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    reports quarterly earnings Thursday before the market opens. Analysts are expecting earnings per share of 22 cents.

  • Also announcing fourth quarter earnings Thursday before the bell are a pair of gold mining companies. Goldcorp
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    is expected to report earnings per share of 12 cents. Newmont Mining Corporation
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    is expected to announce EPS of 0.26.

  • 51 cents per share is what analysts are expecting from Hormel Foods
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    when it reports quarterly earnings Thursday morning.

  • Analysts are expecting a loss of three cents per share when Sprint Nextel
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    announces quarterly earnings Thursday before the market opens.

  • Stabilizing sales of heart defibrillators were among the factors Medtronic Inc.
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    CEO William Hawkins credited for the company’s strong earnings performance, which beat analyst estimates by one cent on Tuesday.

  • Tesoro
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    reports quarterly earnings Thursday after the market closes. Analysts are expecting EPS of 91 cents.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
InterMune Inc. ITMN 10
Knight Capital Group Inc. NITE 9
CH Energy Group CHG 9
Western Refining Inc. WNR 8
Tesoro Corporation TSO 8

View More Stocks

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TradingMarkets Making Great Traders


Using Moving Averages to Gain a Trading Edge
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Options traders are always looking for tools to help them predict how the market will move. Options trader Bryan Perry discusses the popular and widely followed moving average, as a great tool to help traders profit in the long run.

How to Trade Gaps with the Odds in Your FavorTradingMarkets

Open gaps are merely one of numerous ways to keep yourself on the correct side of high-probability pending price direction. Professional trader Austin Passamonte examines some of the high-odds characteristics to these events, which can enables savvy traders to profit from repetitive patterns in the market.

TradingMarkets

Continued strength in the U.S. dollar as resulted in higher levels for the PowerShares DB U.S. Dollar Index Bullish ETF and lower levels for exchange-traded funds linked to international currencies like the CurrencyShares Japanese Yen Trust ETF.

TradingMarkets Daily PowerRatings Analysis


PowerRatings and the Trading Pause That Refreshes
TradingMarkets

Traders were in a wait and see mode following Tuesday’s dramatic sell-off. Find out what we need to see in order to know where the next edges for short term traders will be found.

Larry Connors Joins The Money Blogs! Click here to get a look at Larry Connors’ new blog featuring Larry Connors’ Trading Lesson of the Day for short term stock, ETF and options traders!

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