Monday Morning Coffee with TradingMarkets
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Good Morning! |
Recession Fears Drive Asian Stocks Lower … Pound Higher on Possible BoE Rate Cut Pause … Crude Oil Higher on Israel, Hamas Clash … Rick’s Cabaret, Shuffle Master Announce Earnings This Week …
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TradingMarkets 7 Stocks You Need to Know for Monday |
Here are 7 stocks for traders for Monday from TradingMarkets.com:
- The CEOs of JC Penny
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PowerRating), PetSmart
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PowerRating), and Saks
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PowerRating) were among a number of retailers that have asked President-elect Obama to consider adding a number of “sales tax-exempt” days to the economic stimulus plan he is expected to announce in 2009. - GMAC, the main lender to General Motors
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PowerRating), won regulatory approval to become a bank holding company on Christmas Eve and is likely to get more than $6 billion in new capital through the TARP program. Shares of both General Motors and Ford Motor Company
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PowerRating) were higher on the news. - Cutbacks in holiday spending on electronics and appliances by consumers this year will likely have a disproportionately negative impact on retailers such as Best Buy
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PowerRating). - Amazon.com
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PowerRating) announced that 2008 was its “best holiday season ever” while other retailers across the board struggled.
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 |
| TrustCo Bank Corp NY | TRST | 8 |
| ProShares UltraShort Technology ETF | REW | 8 |
| Fairfax Financial Holdings | FFH | 8 |
| Ezcorp Inc. | EZPW | 8 |
| Aaron Rents Inc. | RNT | 7 |
| 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!
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TradingMarkets Making Great Traders |
The January Effect: Put the Calendar On Your Side
– TradingMarkets
January is typically a good month to find lower stock prices as traders sell off in a hurry to minimize personal tax levies, but this year could prove to be exceptionally beneficial.
4 Rules for Successful Short-Selling – TradingMarkets
How can you go about finding spectacular short side plays and, more importantly, profiting from them? TradingMarkets contributor Michael Shulman’s four solid rules for shorting stocks will shed some light on how to survive and thrive on the “dark side.”
A low volatility, shortened holiday trading week led lackluster, relaxed trading. It looks like the S&P 500 SPY will close slightly down or flat for the day on Friday. Monday’s 7 ETFs includes The Retail Holders RTH.
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TradingMarkets Daily PowerRatings Analysis |
Read What Traders Are Saying About Short Term Trading Strategies That Work! – TradingMarkets
If you trade stocks or exchange-traded funds, then consider putting Larry Connors’ new book, Short Term Trading Strategies That Work, at the top of your reading list for 2009.
Click here to get a peek at the new blog, Market Moods, by TradingMarkets Editor David Penn!
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