Monday Morning Coffee with TradingMarkets

  • September 29, 2008
  • David Penn

Good Morning!

Asian Stocks Lower, Led by Commodity Shares … Congress, Administration Agree on Bailout Plan … Obama, McCain Squared Off in First Debate … Wachovia Seeks Suitors … Likely Fed Cuts Loom Large Over Dollar’s Fortunes

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 7 Stocks You Need to Know for Monday

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

  • Treatments for anemia from Amgen
    (
    AMGN |
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    PowerRating)     and Johnson & Johnson
    (
    JNJ |
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    PowerRating)     came under greater regulatory scrutiny after a German study linked the Johnson & Johnson anemia drug to increased risk of death in stroke patients.

  • Falling revenues due to the housing slump lead to a massive loss for the third quarter for K.B. Homes
    (
    KBH |
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    PowerRating)    , which was actually up on Friday.

  • JP Morgan Chase & Company
    (
    JPM |
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    PowerRating)     bought what was left of Washington Mutual
    (
    WM |
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    PowerRating)     late on Thursday as part of the biggest bank failure in U.S. history.

  • Walgreen
    (
    WAG |
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    PowerRating)     reports quarterly earnings Monday before the market opens. Analysts are expecting EPS of 0.45.

  • Citigroup
    (
    C |
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    PowerRating)     was up more than 4% late in trading on Friday, undeterred by the Wall Street bailout debate in Washington.

  • Weakness in its financial services division led General Electric
    (
    GE |
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    PowerRating)     to lower its profit forecast and suspend its share buyback program.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
 Symbol PowerRatings
Boots & Coots International WEL 9
Zale Corporation ZLC 8
Umpqua Holdings Corporation UMPQ 8
Raven Industries RAVN 8
Trustmark Corporation TRMK 8

View More Stocks

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Professional traders like John Nyaradi have found the momentum indicator to be most valuable for determining the general direction of stock prices. Nyaradi’s strategies will show you how to refine your entries, exits and preserve profits.


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Here are the best of the articles we published this week. We hope you enjoy them and prosper from them!

7 ETFs You Need to Know for
Today – TradingMarkets

Financial ETFs stayed flat despite the upward movement of individual financial stocks on Friday. On Monday’s list of ETFs to keep an eye on, the ProShares Ultra Financials ETF, UYG which traded sideways for the fourth consecutive day.

TradingMarkets Daily PowerRatings Analysis

Patience, Pullbacks and PowerRatings: 5 Stocks for Swing Traders – TradingMarkets

Optimism that a deal on the Wall Street bailout would be hammered out in Washington has buoyed stocks for the past two days. Find out how swing traders should positions themselves when the smoke in Congress clears.

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