Wednesday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stock Pullback Intensifies as Sellers Unload Financial Shares … Yen Bounces Against Greenback … GM Unveils New Volt Electric Car … Major Dow Pullbacks Above 200-Day Include: AXP, GE, JPM, MSFT, DIS … Most Oversold ETFs for Today: SMH, USD, EWC, EPI, GDX …

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TradingMarkets 7 Stocks You Need to Know for Today

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

  • Retailing monster Macy’s
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    is expected to report fiscal second quarter 2010 earnings of 17 cents/share before the open on Wednesday.

  • Bra maker, Maidenform Brands
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    , is expected to announce an EPS of 25 cents for the second quarter Wednesday morning prior to the bell.

  • Progressive
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    has been forecast to report an EPS of 34 cents for its fiscal third quarter. The insurer’s announcement is scheduled for Wednesday before trading.

  • Residential building behemoth, Toll Brothers
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    , is looking at a loss of 34 cents/share for its fiscal third quarter prior to the start of trading on Wednesday morning.

  • The furniture retailer, Ethan Allen
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    , has analysts expecting a fiscal fourth quarter loss of 25 cents. ETH reports Wednesday morning before the open.

  • An EPS of 83 cents is what auto parts seller, Advanced Auto Parts
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    , has traders expecting to see Wednesday after the close.

  • LDK Solar
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    has traders expecting a loss of 91 cents for the second quarter to be revealed after the trading day on Wednesday.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
KLA-Tencor KLAC 10
Ingersoll Rand IR 10
National Semiconductor 9
Immunomedics Inc. IMMU 9
Broadcom Corporation BRCM 8

View More Stocks

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TradingMarkets Making Great Traders

TradingMarkets

In the wake of restrictions on leveraged and inverse ETFs, Larry Connors takes a look at the fallout, plus provides another vehicle for market participants to grow their money.

TradingMarkets

Everyone knows that to succeed as an investor or trader you must buy low and sell high. As simple as this concept is, the actual act of doing so is almost impossible. That is, unless you are prepared.


How to Improve Your Trading by Not Having An Opinion
TradingMarkets

It seems the more traders try to forecast market direction, the more it can’t be done. Learn how to trade based on the current reality in the market and avoid the fantasy or market opinions.

TradingMarkets 7 ETFs You Need to Know for Today


Financials Lead Markets Lower as Equity ETFs Slide Into Oversold Territory
TradingMarkets

Profit-taking in earnest finally arrived to the financials. As a result, financial ETFs like the ProShares Ultra Financials ETF, UYG, and the Financial Select Sector SPDR ETF, XLF, pulled back into oversold territory above their 200-day.

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