Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Overbought Conditions Bring Out Sellers in U.S. Stocks … Casinos Gain: LVS, MGM Soar … Airlines Higher: UAUA, JBLU, DAL Advance … Bank of America Has $35 Bn Capital Shortfall … Overbought ETFs for Today Include: XLF, VHT, DIA, HYG, QLD …
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Reporting earnings after the close on Tuesday was Walt Disney
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PowerRating). Expected to announce EPS of 41 cents, Disney beat analyst estimates by two cents and was immediately higher by more than 4% in the aftermarket. Revenues were also better than expected. Disney has closed higher for five consecutive sessions below the 200-day moving average - JP Morgan Chase
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PowerRating) was singled out as the only commercial bank that does not need additional funding based on likely “stress test” results according to an analyst with Friedman, Billings, Ramsey & Co. The stock has begun to pullback above its 200-day moving average, off more than 3% intraday on Tuesday. - Both Transocean Inc.
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PowerRating) and Garmin Inc.
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PowerRating) are reporting quarterly earnings Wednesday morning before the market opens. Analysts are expecting per share earnings of 3.48 from RIG and EPS of 0.42 from GRMN. - A number of companies are scheduled to announce earnings after the bell on Wednesday. Cisco Systems
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PowerRating) is expected to report per share earnings of 21 cents. Cisco has been pulling back above its 200-day moving average for the past two days. - Also reporting Wednesday after the close are Boston Beer Company
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PowerRating), which is expected to announce an EPS loss of 10 cents. Rival Molson Coors Brewing
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PowerRating), which was one our 7 Stocks You Need to Know for Tuesday yesterday, beat analyst estimates on Tuesday and rallied by more than 9%. The stock crossed its 200-day moving average on an intraday basis for the first time since January 2, 2009.
For a list of today’s highest PowerRating stocks, click here.
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TradingMarkets 5 PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| 99 Cents Only Stores | NDN | 9 |
| American Apparel Inc. | APP | 9 |
| Jarden Corporation | 8 | |
| Hittite Microwave Corporation | HITT | 8 |
| PowerShares DB Crude Oil Short ETN | SZO | 8 |
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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!
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TradingMarkets Making Great Traders |
Trading, Risk and the Race to the 200-Day – TradingMarkets
Today’s trading lesson is important as it ties to proper risk management. Larry Connors discusses how to gain an edge for your investing and stock trading strategies, and then how to protect those edges.
3 Secrets of All Successful Day Traders – TradingMarkets
TradingMarkets contributing writer Bryan Perry shares some of the secrets of the most successful day traders to help you make better trades and improve your odds of success.
TradingMarkets Most Overbought and Oversold ETFs for Tuesday – TradingMarkets
The key to trading ETFs is to properly identify them when they are at overbought and oversold levels and have historically reversed. See which ETFs made our most overbought and oversold list for Wednesday.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings Does It Again – Results for 2008 – TradingMarkets
The test results for PowerRatings for 2008 are in and again the top rated PowerRatings stocks outperformed the average stock over a 5-day period.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.