Tuesday Morning Coffee with TradingMarkets

Good Morning!

U.S. Markets Soar on First Trading Day of 2010 … Energies, Materials Lead Sectors Into Overbought Territory … Top Stock PowerRatings Stocks Include: ANN, HTZ, RIGL … Silver (SLV) Leads Crude Oil (USO), Gold Higher … VIX Stretch Above 10-Day Collapses with Buying Surge … Top ETF PowerRatings Funds for Today Include: XHB, VOE, IJH …

Find out more about what ETF PowerRatings can do for you and your trading. Click here to launch your free, 7-day trial to our ETF PowerRatings today.

TradingMarkets 7 Stocks You Need to Know for Today

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

  • Synnex Corp ^SNX^ announces quarterly earnings after the close with an expected EPS of 76 cents.
  • 14 cents per share is the forecast figure for ^SONC^, to be revealed after the bell.

  • ^BAC^ CEO, Brian Moynihan, has taken a softer stance on new bank regulation than the bank’s previous CEO. Moynihan still strongly disagrees with moves to break up banks by the Feds.
  • Gun maker, ^RGR^, was upgraded to strong buy by CL King.
  • ^NVS^ has offered to purchase the remaining parts of ^ACL^.
  • ^BA^ obtained an upgrade to overweight at Barclay Capital.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Ann Taylor Stores Corporation ANN 9
NutriSystem Inc. NTRI 9
Mercadolibre Inc. MELI 9
Hertz Global Holdings Inc. HTZ 9
U.S. Airways Group Inc. LCC 8
View More Stocks

If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Stock PowerRatings. The highest rated 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 7 ETFs You Need to Know for Today

Real Estate ETFs Top Most Oversold Roster; Top ETF PowerRatings Funds for Tuesday Include: VNQ, MDY, XLUTradingMarkets

With most markets moving higher on the first day of trading in 2010, short term oversold conditions have turned into short term overbought. The ProShares Ultra Materials ETF, UYM gained 6% on the day, making it the most aggressively bought materials ETF fund of the first trading day of 2010.

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