Friday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Sell Off Into Close as S&P Ends Best Month in Years … Asian Markets Rally on Japanese Earnings, Growth Optimism … Souter to Retire from Supreme Court … Top Overbought ETFs for Today Include: SPY, XLI, UCC, EWZ, SMH …

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:

  • Among the companies reporting quarterly earnings Friday morning before the market opens are Clorox Corporation
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    and MasterCard
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    . Analysts are expecting EPS of 90 cents from Clorox and per share earnings of 2.62 from MasterCard.

  • Walt Disney Company
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    shares soared on news that the company was acquiring a 30% stake in the online video website, Hulu, on which it will broadcast full-length ABC TV programs.

  • On a day when Chrysler was declaring bankruptcy, traders and investors poured into shares of Ford Motor Company
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    , which was up more than 7% on Thursday.

  • Scheduled to announce quarterly earnings after the close on Friday is Chevron Corporation
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    , which is expected to report EPS of 82 cents. Chevron sold off on Thursday along with the other major oils in advance of Friday’s report..

  • Standard and Poor’s lowered its rating on the preferred stock of American Express
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    to “junk” status.

  • Based on a shareholder vote, the board of directors of Bank of America
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    split the posts of chairman and CEO, with Kenneth Lewis retaining the latter position.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
PF Chang’s China Bistro PFCB 9
Staples Inc. SPLS 9
Sherwin-Williams Company 8
Hot Topic Inc. HOTT 8
Darden Restaurants DRI 8

View More Stocks

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TradingMarkets Making Great Traders


The ETF Selection Process, Part 1
TradingMarkets

Today there are many overbought ETFs under their 200 day ma. When times like this occur the question is often asked, “which ETFs should I focus on?”

Take Some Money Off the Table and Raise StopsTradingMarkets

The Fed chief’s economic outlook seem to have calm investor’s fears, but problems still remain. See Kevin Haggerty’s comments on Bernanke’s address and what’s in store for the market.

TradingMarkets 7 ETFs You Need to Know for TodayTradingMarkets

Once you’ve taken a position in an ETF, how do you know when to exit? Here are a few basic strategies that short term ETF traders can use to exit ETF trades.

TradingMarkets Daily PowerRatings Analysis


5 PowerRatings Stocks for the Next 5 Days
TradingMarkets

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