Friday Morning Coffee with TradingMarkets

Good Morning!

Stocks Slide After One-Day Bounce … Asian Markets Move Lower … Yen Slips Against Euro on Japan Recession Fears … Top ETFs for the Week Include: FAZ, RHO, SKF, RXD, SIJ … Earnings on Deck for Today Include: ANN, HRB, PBR …

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“In Short Term Trading Strategies That Work, Larry Connors has crafted a worthy success to How Markets Really Work, utilizing a quantitative approach to identifying opportunities that take advantage of market trends and pullbacks. Readers will find the sections on stops and exits to be particularly enlightening.” – Bill Luby, professional trader

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Reporting quarterly earnings Friday morning before the market opens is Ann Taylor
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    . Analysts are expecting EPS of -0.55.

  • Also announcing earnings Friday before the bell is H&R Block
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    , which is expected to report per share earnings of 10 cents.

  • A recent auditors report strongly suggests that General Motors
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    ability to continue as a going concern is very much in doubt.

  • In another dark milestone for financial stocks, shares of Citigroup
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    slid below $1 on Thursday.

  • Far and away the brightest spot in the Dow Industrials was Wal-Mart
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    . The retail giant not only reported strong sales, but announced that it was raising its dividend.

  • Goldman Sachs
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    upgraded Pfizer
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    on Thursday, citing the pharmaceutical company’s purchase of Wyeth and likelihood of stable future profits.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Emergent Biosolutions Inc. EBS 9
Central Garden and Pet Company CENT 9
Apollo Group APOL 9
Epiq Systems Inc. EPIQ 8
Career Education Corporation CECO 8

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TradingMarkets Making Great Traders


ETF Trading, Correlations and Good Stock Picking
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Larry Connors talks further about market correlations and how they impact your trading. Plus, learn his approach to “stock-picking” and increased the likelihood of further building your wealth.

How to Improve Your Odds When Trading OptionsTradingMarkets

In the options market, sometimes options can be priced just right, they can seem cheaper or trade at a steep premium. Options market professional Jim Woods outlines some guidelines to consider when buying options.

TradingMarkets 7 ETFs You Need to Know for TodayTradingMarkets

The ProShares UltraShort Financials ETF was among the chief beneficiaries of the sell-off in financial stocks on Thursday. The ETF closed strongly higher for a fourth consecutive session, gaining more than 10% late in trading.

TradingMarkets Daily PowerRatings Analysis


5 PowerRatings Stocks for the Next 5 Days
TradingMarkets

Looking for stocks that are likely to be higher than the average stock over the next few days? Our 5 PowerRatings Stocks for the Next 5 Days column is a great place to start!

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