Thursday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Fade Late … Bank “Stress Tests” Begin … Yen Lower on Japanese Recession Fears … Citigroup to Get Public Stake Boost to 40% … Earning on Deck for Today Include: GM, MGM, SHLD, DELL, DRYS …

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:

  • Allstate
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    announced that it was cutting its dividend by 51%. The capital-boosting move comes after the insurer’s second consecutive quarterly earnings loss.

  • Apple
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    CEO Steve Jobs did not attend this year’s shareholder meeting, underscoring criticism that the company had not provided sufficient disclosure about Jobs’ health.

  • General Motors
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    reports quarterly earnings Thursday before the market opens. Analysts are expecting EPS of -7.40.

  • EPS of 17 cents is what analysts are expecting from MGM Mirage
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    when it announces quarterly earnings Thursday morning.

  • Analysts are estimating that Sears Holding Corporation
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    will report earnings per share of 2.68 Thursday before the bell.

  • Dell
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    reports earnings Thursday after the market closes. Analysts are expecting EPS of 26 cents.

  • Dryships Inc.
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    is expected to announce quarterly earnings per share of 0.66 when it reports Thursday after the bell.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
American Science and Engineering Inc. ASEI 9
iShares Silver Trust ETF SLV 8
Scot Miracle Gro SMG 8
New Jersey Resources NJR 8
Munro Muffler and Brake MNRO 8

View More Stocks

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TradingMarkets Making Great Traders


Listen to What the Market is Telling You
TradingMarkets

One of the most confusing and frustrating parts of investing and trading is understanding the market’s ups and downs. TradingMarkets contributor Mark Manning discusses how to trade the markets through all the bottom-calling, wild predictions and constant noise from the financial community.

A Tax on Traders? Larry Connors on the Traders Tax BillTradingMarkets

You may have heard that there’s a proposal in in the House of Representatives for what’s being called the “Traders Tax Bill”. Larry Connors shares his insight on why the passage of such bill will cause serious damage to the financial markets.

TradingMarkets 7 ETFs You Need to Know for TodayTradingMarkets

A broad-based, late session reversal had many sectors rallying from their intraday lows. In concert with the advance in oil prices, energy stock ETFs like the Direxion Energy Bull 3x Share ETF were up on Wednesday.

TradingMarkets Daily PowerRatings Analysis


PowerRatings, Short ETFs and the Move to Neutral
TradingMarkets

A late sell-off drew stocks back from an almost assured entry into overbought territory. Find out what trading strategy PowerRatings traders are using to trade the market’s next move.

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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