Friday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Mixed Ahead of Much-Anticipated Jobs Report … Dollar Losing Ground against Majors … President-Elect Obama Announces Stimulus Plan, Urges Swift Congressional Action … Citigroup Ends Opposition to Mortgage Relief Legislation …

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TradingMarkets 7 Stocks You Need to Know for Today

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

  • Wal-Mart
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    helped set traders in a selling mood early on Thursday as the retailer was among many who were slashing earnings forecasts in the wake of a disappointing holiday shopping season.

  • Spiking higher by more than 20%, shares of Sears Holding Company
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    rallied above their December highs on Thursday on news that the company expected to beat analyst earnings estimates for the fourth quarter.

  • Shares of Whole Foods Markets
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    rallied to levels not seen since November as traders and investors cheered news that private equity firm, Yucaipa Companies LLC, had taken a 7% stake in the company.

  • KB Home
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    announces quarterly earnings tomorrow in the shadow of fellow home builder Lennar Corporation‘s
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    recent upgrade to “overweight” by JP Morgan Chase & Company. Analysts are expecting an EPS loss of 1.24 from KB Home.

  • Sony
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    brought video-watching eyewear while Microsoft
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    showed off Windows 7 and a new search deal with Verizon Communications as the Consumer Electronics Show kicked off in Las Vegas, Nevada.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Questcor Pharmaceuticals QCOR 9
Thoratec Corporation THOR 8
Jackson Hewitt Tax Services Inc. JTX 8
Hansen Natural Corporation HANS 8
Bio-Reference Laboratories BRLI 8

View More Stocks

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Buyers remained on the defensive on Thursday – but defensive stocks were among those being avoided, as well. Sellers were also prominent among financial and BRIC country ETFs.

TradingMarkets Daily PowerRatings Analysis


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

Click here to get a peek at the new blog, Market Moods, by TradingMarkets Editor David Penn!

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