Friday Morning Coffee with TradingMarkets

Good Morning!

Stocks Rally on Technology Leadership … Google Beats Earnings …Icahn Urges Bankruptcy for MGM Mirage … JP Morgan Plans to Return TARP Capital … Oversold ETFs Include: DOG, GLD, SZK ….

Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading!

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Google
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    reported quarterly earnings after the close on Thursday that were better than analysts had expected. Thursday marked the stock’s second consecutive close above the 200-day moving average in more than a year.

  • “RST” is the ticker symbol for Rosetta Stone
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    which debuted on Thursday with a rally of more than 40%.

  • Citigroup
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    is among the companies announcing quarterly earnings Friday morning. Analysts are expecting an earnings per share loss of 24 cents. Also reporting before the bell Friday morning are Mattel Inc.
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    , which is expected to report a loss of 13 cents per share, and Overstock.com
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    , which is expected to announce an EPS loss of 26 cents.

  • GlaxoSmithKline
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    and Pfizer
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    announced plans to merge their HIV-drug units in a move that would give the combined entity nearly 20% of the market for anti-HIV drugs.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Zion Oil & Gas ZN 9
Ivanhoe Mines Ltd. IVN 9
Qwest Communications Q 8
Energy Transfer Partners ETP 8
Thoratec Corporation THOR 8

View More Stocks

If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!

TradingMarkets Making Great Traders


Protecting Your Trading Positions, Part 1
TradingMarkets

Eventually all bear markets transition into bull markets, so how do you protect yourself when this happens? In part one of this series, Larry Connors shares some strategies on how to better protect your trading positions.

What I Have Learned from the Best Trader I Have Ever KnownTradingMarkets

TradingMarkets contributor Walter Peters shares nine trading lessons and how to incorporate them into your own trading to enhance your trading abilities.

Investors Choking on Extended MoveTradingMarkets

The financials led the major indices to positive territory yesterday. With a drop in initial jobless claims and more earnings reports to come in today’s session, how will investors follow-up on Wednesday’s rally?

TradingMarkets Daily PowerRatings Analysis


PowerRatings Review & Outlook: AGN, MYL and More
TradingMarkets

Two of the stocks from our last column closed much higher on Thursday. Here is the next set of potential trading opportunities for traders looking to take advantage of oversold conditions in individual stocks and ETFs.

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